Tag Archives: Economy

The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting. saying: The coronavirus outbreak has ruined the demand for oil.

Saudi Arabia and some other countries are looking for a 1 million bpd output cut for Q2. 2020 amidst weakening global demand.

Crude oil imports into the world’s top oil importer and key growth driver would be weaker in March than in February.

OPEC doesn’t see the effects of the disease confined to the start of the year.

OPEC+ group as an effective mechanism will preserve long-term stability.

The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound.

India’s economy slowed to a more than six-year low in the final three months of last year. and it now faces a fresh threat from the coronavirus outbreak.

Saudi Arabia has so far been thwarted by Russia in its push to shore up oil markets against the coronavirus. But when they meet next week. the humbled kingdom may yet clinch victory.

Saudi Arabia wants to hold prices from falling. but Russia is still not agreeing.

An Iranian official denied the fake reports about the closure of the common border with Iraq. saying Iranian trucks are exporting commodities to the Arab country via all border crossings without any problem.