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The coronavirus has claimed more than 360 lives.
Read More »OPEC+ Struggles with Oil’s Sharp Fall
OPEC+ Panel Weighs Impact on Oil Demand from Virus
Iraq. OPEC’s second-biggest oil producer. supports any agreement that would stabilize the market.
Read More »UAE Finds World’s Biggest Gas Field since 2005
Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates.
Read More »Citi Sees Coronavirus Impacting Oil Prices Until Q4
Citigroup Inc. slashed its price forecasts for commodities from oil to copper and iron ore as it said the impact of the coronavirus looks much worse than it initially thought.
Read More »Iran has Capacity for $31bn Worth of Exports to Neighbors
Iran enjoys high potential to export up to $20. $6 and $5 billion worth of products to Iraq. Afghanistan. and Pakistan respectively.
Read More »Romania’s Transgaz Joins US-Led LNG Network Project in Eastern Europe
Industry sources claim that Transgaz would also like to participate in this project.
Read More »OPEC+ Heavyweights Divided on Need for Urgent Response to China Virus
China is the oil market’s primary source of demand growth and measures taken to slow the spread of the coronavirus.
Read More »Aramco-Like Mammoth IPO Proposed for India’s Biggest Insurer
The sale can fetch the government between 850 billion rupees to 900 billion rupees should the IPO get done this year.
Read More »World’s First Liquid Hydrogen Fuel Cell Cruise Ship Planned for Norway’s Fjords
Norway’s electricity is mostly generated from clear hydro power and some onshore wind.
Read More »France Resolved to Help Lift Sanctions on Iran
France is fully determined to make efforts for removal of unilateral sanctions on Iran and expansion of cooperation between the two sides.
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