The coronavirus. which originated in China. has spread to more than 60 countries and has killed over 3.000 people globally.
Read More »Middle Eastern Stocks Plunge as Oil Gets Hammered by Coronavirus
Equity markets across the Middle East slumped after the worst week for oil prices since 2008 and as more cases of the coronavirus were announced in the region.
Read More »Nokia to Weigh Strategic Options as Profit Pressure Mounts
Nokia Oyj is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings. people familiar with the matter said.
Read More »U.S. to Sell 12 Million Barrels of Oil Just as Virus Hits Demand
The U.S. will sell up to 12 million barrels of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.
Read More »A $30 Oil Price Is the Real Virus Threat to OPEC
It’s finally upon us. The week when ministers from the oil producing countries of OPEC and their allies meet to decide on the future of their latest round of output cuts.
Read More »Russia’s State Oil Company Paid Mystery Consultant $250 Million in Iraq Deal
Russia’s state oil company paid $250 million to an external consultant to help secure deals in Iraqi Kurdistan. according to documents that shed new light on transactions that have strengthened Moscow’s presence in the Middle East.
Read More »Geneva Car Show. Basel Watch Fair Canceled as Virus Spreads
Two of Switzerland’s largest trade fairs fell victim to the coronavirus epidemic. with organizers of the Geneva International Motor Show and the Baselworld watch fair pulling the plug on this year’s salons as the outbreak spreads in Europe.
Read More »CERAWeek Energy Forum Cancelled over Coronavirus Concerns
CERAWeek. organized by consultancy IHS Markit was scheduled to run from March 9 to 13 in Houston.
Read More »OPEC+ will Consider Deeper Cuts in Face of Lingering Coronavirus Threat
Saudi Arabia and some other countries are looking for a 1 million bpd output cut for Q2. 2020 amidst weakening global demand.
Read More »China’s Oil Demand Could Rise Sooner Than Expected
Crude oil imports into the world’s top oil importer and key growth driver would be weaker in March than in February.
Read More »