Tag Archives: Oil Price

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.

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 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.

Oil market is under pressure.

The group unveiled a new set of supply curbs just over a month ago.

It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.

EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells. now that dwindling investor interest has made it tougher for private equity players to offload shale assets.

Economic conditions in the Gulf region are expected to moderately improve in 2020.

Oil markets are likely to take a hit from China’s deadly coronavirus. with aviation fuel suffering the most. if the SARS epidemic in 2003 is any guide. according to Goldman Sachs Group Inc.

Brian Gilvary will be succeeded by Murray Auchinchloss. who is currently the CFO of BP’s Upstream segment.