The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.
Read More »Big Lose for Oil Traders due to Coronavirus Panic
Beijing has improved its crisis management since the 2003 SARS virus.
Read More »Traders Consider Oil Storage at Sea as Virus Slows Demand
Three of the world’s largest oil traders are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China.
Read More »Natural Gas Hits Four-Year Low on Epic U.S. Demand Failure
Natural gas futures sank to a four-year low as the latest U.S. forecasts all but eliminated bulls’ hopes for a late-winter cold push.
Read More »Oil Prices Edge down as Traders Assess China`s Oil Demand
Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world’s largest oil importer and fueled concerns of excess supplies.
Read More »Qatargas Enters Agreement to Deliver 1mn Tonnes of LNG to Kuwait
Qatargas is delighted to conclude this new SPA with Shell.
Read More »Iran Supports Unanimous OPEC Output Cut Plan
Iran could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.
Read More »Total Buys 50% Stake in Adani’s Solar Business for $510m
The solar portfolio has a total operating capacity of 2GW which is spread across 11 states in India.
Read More »Algeria Looks to Resume Its Dominance in the Natural Gas Market
Edison owns an 11% stake in the Reggane Nord gas project and had recently renewed a supply contract running through to 2027.
Read More »Impact of Coronavirus on Energy Markets Hasn’t Been Dramatic
The death toll from the coronavirus has risen to 638. with all but two of them limited to China. More than 31.000 people have been affected.
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