China has reported 361 deaths from the virus so far.
Read More »OPEC+ Struggles with Oil’s Sharp Fall
The coronavirus has claimed more than 360 lives.
Read More »UAE Finds World’s Biggest Gas Field since 2005
Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates.
Read More »Citi Sees Coronavirus Impacting Oil Prices Until Q4
Citigroup Inc. slashed its price forecasts for commodities from oil to copper and iron ore as it said the impact of the coronavirus looks much worse than it initially thought.
Read More »OPEC+ Heavyweights Divided on Need for Urgent Response to China Virus
China is the oil market’s primary source of demand growth and measures taken to slow the spread of the coronavirus.
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 »OPEC. Russia Move Closer to an Early Meeting
The group unveiled a new set of supply curbs just over a month ago.
Read More »Oil Traders Made Billions in 2019 as Conflict Shook the Market
The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.
Read More »Saudi Push for Early OPEC+ Meeting Hits Russian Resistance
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.
Read More »Cyberattacks Linked to Iran Appear to Target Bahrain Petroleum Co.
An Israeli cybersecurity firm has identified a new type of ransomware that it believes was created by Iran and has the ability to lock up or even delete industrial control systems.
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