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The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting. saying: The coronavirus outbreak has ruined the demand for oil.
Read More »Crude Oil Demand Wrecked by COVID-19
OPEC+ will Consider Deeper Cuts in Face of Lingering Coronavirus Threat
Saudi Arabia and some other countries are looking for a 1 million bpd output cut for Q2. 2020 amidst weakening global demand.
Read More »Russia to Work with OPEC+ but Content with Oil Price
OPEC doesn’t see the effects of the disease confined to the start of the year.
Read More »OPEC will Decide Monday if March 5-6 Meeting Is Still On
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.
Read More »Iran’s Petchem Export up by 5% in 10 Months
Iran’s export of petrochemical products increased 5 percent in the 10 months of the current year (from March 21. 2019 to Jan. 20. 2020).
Read More »Saudis May Yet Get OPEC+ Deal from Recalcitrant Russia as Crisis Grows
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.
Read More »Oil Market to Remain in Surplus in Second Quarter amid Coronavirus
The chances of further output cuts have increased in the last week or so as the virus has spread rapidly outside China.
Read More »Oil Prices Fall again
Oil prices are moving tangentially to news flows around the deluge of secondary cluster outbreaks.
Read More »Trump Attempts to Push Harder to Curb Venezuela`s Oil Trade
The Trump administration recently imposed sanctions on a subsidiary of Russia’s Rosneft.
Read More »COVID-19. Main Culprit in Recent Oil Price Fluctuations
Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
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