Tag Archives: International News Agency

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

Colorado explorers pumped the most crude on record last year even after the state tightened restrictions on oil and gas drilling.

A decision to delay the meeting would leave the future of the OPEC+ 1.7 million b d production cut accord with Russia and other allies up in the air.

Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.

Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.

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.

The European Union blacklisted two Turkish nationals as retaliation over Ankara’s energy drilling off Cyprus in a move that has more political symbolism than economic punch.

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.