Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil prices have fallen by more than $11 a barrel this year to $55. alarming producers.
Read More »OPEC+ Panel may Agree on Need to Deepen Oil Output Cuts
Oil Climbs on Hopes for Output Cuts to Offset China Virus Impact
Producers are weighing further output cuts and moving a planned policy meeting to February rather than March.
Read More »OPEC Needs to Cut a New Deal and Fast
China is. by far. the biggest market for OPEC+ crude exports. with the big Arabian Gulf producers particularly vulnerable.
Read More »Huawei. ZTE Urge U.S. not to Impose National Security Risk Labels
Huawei Technologies Co Ltd and ZTE Corp (000063.SZ) on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security.
Read More »China Oil Demand Has Plunged 20% Because of the Virus Lockdown
Chinese oil demand has dropped by about 3 million barrels a day. or 20% of total consumption. as the coronavirus squeezes the economy. according to people with inside knowledge of the country’s energy industry.
Read More »Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »Chinese Stocks Sink 8% in Worst Rout Since 2015 Bubble Burst
A gauge of the nation’s stocks plunged almost 8%. commodity futures from iron ore to crude sank by the daily limit. and the yuan weakened past a key level against the dollar.
Read More »Coronavirus Haunts Oil Markets
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.
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