The death toll from the coronavirus has risen to 638. with all but two of them limited to China. More than 31.000 people have been affected.
Read More »Oil Heads for Fifth Weekly Loss as Demand Concerns Dominate
The U.S. is preparing to step up enforcement of international rules limiting sulfur in ship fuel.
Read More »Russia may Reveal Stance on Oil Output Cuts Next Week
OPEC and its allies. a grouping known as OPEC+. are scheduled to meet in Vienna on March 5-6.
Read More »Russia Wants more Time to Mull Output Cuts
Moscow needs more time to assess the situation. stopping short of giving a clear Russian position on the proposal.
Read More »Iran will Launch Zafar Satellite at Earliest Possible Opportunity
The satellite would be launched as part of a scientific mission.
Read More »Coronavirus. the most Influential Variable in Oil Markets at the Moment
The big question for energy market observers is whether the hysteria surrounding the Coronavirus has seeped over into oil demand forecasts and market sentiment.
Read More »Iran Supports Unanimous OPEC Output Cut Plan
OPEC producers in OPEC+ are currently discussing whether to meet earlier than their scheduled gathering in Vienna on March 5-6.
Read More »India will Import Oil from Russia for the Year 2020
Indian Oil Corporation Limited has signed a contract with Russia’s Rosneft for importing 2 million metric tonnes of Urals grade crude oil in a bilateral meeting.
Read More »Saudi Aramco Cuts Its Prices for Asia
Saudi Arabia’s state oil company has made deep cuts to the price of crude it sells to Asia.
Read More »Iran not Taken any New Measure in Violation of JCPOA
Iran has clearly stated that it will reverse its nuclear measures if its demands under the deal are fulfilled.
Read More »