Conflict in Libya that has led to a blockade of its ports and oilfields shows no signs of a resolution.
Read More »Iran Envoy. OPEC Sec-Gen Review Oil Market Issues
OPEC is to hold a meeting at the level of minister in Vienna. Austria. on March 5.
Read More »Saudi Arabia. Russia Discuss the Future of Global Oil Market
OPEC+ oil ministers will meet in Vienna on March 6.
Read More »Saudi Arabia’s Oil Exports Dropped 11% in 2019
The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.
Read More »Coronavirus will Hit Oil Hard
The Covid-19 virus will reduce China'.s first-quarter oil demand by just 160.000 barrels a day from last month'.s estimate.
Read More »OPEC Underestimates China Virus
China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.
Read More »Coronavirus Brings Recession Risk Back to the German Economy
Deutsche Bank now expects a slight contraction in the fourth quarter. and cast doubt on the prospect of any rebound at the start of 2020.
Read More »OPEC Says Coronavirus to Trim 2020 Oil Demand
OPEC and its partners have been limiting supply since 2017.
Read More »Iran Produces 2.08mn bpd of Crude in Jan. 2020
According to the latest report of OPEC. Iran produced 2.086 million barrels of crude oil per day in the first month of 2020.
Read More »China Virus Threatens Gulf Economies
Non-oil trade between Beijing and the Gulf Cooperation Council (GCC) has grown from just several billion dollars two decades ago to nearly $200 billion last year.
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