Oil

Saudi Arabia’s push to convene an emergency OPEC+ meeting next month. bringing forward a gathering scheduled for March. ran into resistance from its key oil-market ally. Russia.

Major multinationals are closing operations in China.

Jet fuel demand has slumped in Asia as airlines have cancelled connections.

OPEC members are considering holding an emergency meeting next month. as oil prices sink on concern the coronavirus outbreak will hit demand.

Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.

The National Oil Company of Senegal. PETROSEN. officially launched the country’s first ever offshore licensing round at the MSGBC Basin Summit &. Exhibition in Dakar. Senegal.

Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs.

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.