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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.
Read More »Market Balance. a Necessity
OPEC+ Struggles with Oil’s Sharp Fall
The coronavirus has claimed more than 360 lives.
Read More »OPEC+ Panel Weighs Impact on Oil Demand from Virus
Iraq. OPEC’s second-biggest oil producer. supports any agreement that would stabilize the market.
Read More »UAE Finds World’s Biggest Gas Field since 2005
Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates.
Read More »OPEC+ Heavyweights Divided on Need for Urgent Response to China Virus
China is the oil market’s primary source of demand growth and measures taken to slow the spread of the coronavirus.
Read More »Iran Sets Output Cuts Precondition for OPEC Emergency Meeting
Oil market is under pressure.
Read More »OPEC. Russia Move Closer to an Early Meeting
The group unveiled a new set of supply curbs just over a month ago.
Read More »2019 Oil Market Hotbeds
It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.
Read More »Russia Ready to Hasten OPEC+ Meeting on Coronavirus Outbreak
OPEC wants to extend current oil output cuts until at least June from March.
Read More »Is Shale Oil Surge Shifting Global Oil Market Balance?
The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.
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