Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Global benchmark Brent crude has fallen to around $55 a barrel this year. alarming producers.

OPEC+ is still waiting for Russia to clarify its position on deeper oil output cuts.

The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.

Beijing has improved its crisis management since the 2003 SARS virus.

Chevron has ramped up output at a key Venezuela oil project to levels not seen in almost a year. offering a thorny reminder of how U.S. sanctions are failing to deliver a knockout of Nicolas Maduro’s regime.

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.

The coronavirus epidemic has a negative impact on economic activities.

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.

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.

The U.S. is preparing to step up enforcement of international rules limiting sulfur in ship fuel.