Tag Archives: International News Agency

The Trump administration recently imposed sanctions on a subsidiary of Russia’s Rosneft.

Every member in the OPEC+ group is a responsible and responsive oil producer.

Turkey has consistently contested the Greek Cypriot administration’s unilateral drilling in the area.

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders. a warning sign that the outbreak is starting to dent the world’s largest economy.

China’s economy is likely to pick up quickly after the coronavirus is contained and stage a V-shaped recovery. according to a senior official with the nation’s central bank.

On Friday. Brent closed at $58.30 while WTI saw prices of $53.38 per barrel.

Currently. the majority of the UAE’s income is derived from oil exports.

Moscow has been a crucial supporter of the Maduro regime over the years.

Chevron’s future growth prospects may be dimming after the oil explorer pumped more crude than it discovered or bought last year. eroding its portfolio of untapped fields.

Hedge funds are bracing for more trouble in the oil market. even after crude rebounded for a second week on hopes the coronavirus outbreak’s threat to economic growth is waning.