Oil

IEA analysis has highlighted that global methane emissions from the oil and gas sectors could be reduced by nearly half at no net cost.

The price of oil spiked just minutes after Tehran seized a foreign vessel which was smuggling one million liters of fuel near Larak Island in the Strait of Hormuz off Iran’s coast.

More information about the vessel would be released later.

It will be active in the exploration and development of oil and natural gas projects only in the US.

It is always hard to predict the future and a lot will depend on how the global economy will perform.

The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty.

One of the main strategies that Iran chose to execute to help its oil exports afloat has been trying new ways to diversify the mechanism of oil sales.

Any slowdown in global economic growth will put the brakes on demand for oil.

Iran has warned of reciprocal measures if the tanker is not released.

The demand for OPEC crude oil in early 2020 could fall to only 28 million bpd.