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The coronavirus. which originated in China. has spread to more than 60 countries and has killed over 3.000 people globally.
Read More »Oil Rises for Second Day as Stimulus Hopes. Expected OPEC Cuts Offset Virus
Middle Eastern Stocks Plunge as Oil Gets Hammered by Coronavirus
Equity markets across the Middle East slumped after the worst week for oil prices since 2008 and as more cases of the coronavirus were announced in the region.
Read More »Oil Major Expects Oil Production will Peak In 2025
Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.
Read More »National Project to Harness APG Implemented in Kharg Island
Iran has successfully implemented the national waste-to-energy project in Kharg Island to curb the associated petroleum gas (APG) or flare gas of the petroleum products in the Persian Gulf oil and gas fields.
Read More »OPEC could Deepen Oil Supply Cuts with or Without Russia
Saudi Arabia wants to hold prices from falling. but Russia is still not agreeing.
Read More »US Oil Rig Count Falls Slightly As Producers Cut Spending
The U.S. Energy Information Administration projected crude output will rise about 8% in 2020.
Read More »Eni Targets Oil Output Peak in Clean Energy Drive
Eni is aiming to cut its greenhouse gas emissions by 80% by 2050 in absolute terms.
Read More »US Shale Oil Production Growth to Slow In 2020
Saudi Aramco CEO Amin Nasser described the project as the start of the kingdom'.s own shale gas revolution.
Read More »OPEC+ will Take Responsible Approach to Virus
Saudi Arabia supports the further oil production cut. but Russia is yet to announce its final position on the matter.
Read More »UAE’s Latest Natural Gas Discovery Is a Game Changer
Currently. the majority of the UAE’s income is derived from oil exports.
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