The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »OPEC+ Panel Weighs Impact on Oil Demand from Virus
Iraq. OPEC’s second-biggest oil producer. supports any agreement that would stabilize the market.
Read More »Aramco-Like Mammoth IPO Proposed for India’s Biggest Insurer
The sale can fetch the government between 850 billion rupees to 900 billion rupees should the IPO get done this year.
Read More »World’s First Liquid Hydrogen Fuel Cell Cruise Ship Planned for Norway’s Fjords
Norway’s electricity is mostly generated from clear hydro power and some onshore wind.
Read More »Erdogan`s Attempt to Explore Gas in the Eastern Mediterranean
Cyprus regards Turkey’s attempt to explore gas in the Eastern Mediterranean as provocative.
Read More »Japanese Warship Departs for Gulf to Patrol Oil Lifeline
Tokyo has chosen to operate independently as it navigates disputes in the volatile region.
Read More »Apple to Close All China Mainland Stores Due to Virus Outbreak
Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9 as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago.
Read More »China Urges Coal Miners to Resume Production to Keep Market Supplied
The administration will strictly ban activities such as raising coal prices beyond their contracts.
Read More »Is Shale Oil Surge Shifting Global Oil Market Balance?
The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.
Read More »U.S. will Remain Net Energy Exporter from 2020 till 2047
The United States became a net natural gas exporter on an annual basis in 2017.
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