Tag Archives: International Organizations

The total number of wells producing crude oil and natural gas in the United States fell to 982.000. down from a peak of 1.035.000 wells in 2014.

China is. by far. the biggest market for OPEC+ crude exports. with the big Arabian Gulf producers particularly vulnerable.

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.

The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.

The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.

The UAE wants to achieve gas self-sufficiency and possibly become a net gas exporter.

China has reported 361 deaths from the virus so far.

EU’s Foreign Policy Chief Josep Borrell said. I am sorry that the European parties failed to meet their commitments under the JCPOA.

The oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel. adding. Efforts must be made to ensure the market balance.

The coronavirus has claimed more than 360 lives.