Tag Archives: Production

The coronavirus. which originated in China. has spread to more than 60 countries and has killed over 3.000 people globally.

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.

It’s finally upon us. The week when ministers from the oil producing countries of OPEC and their allies meet to decide on the future of their latest round of output cuts.

Russia’s state oil company paid $250 million to an external consultant to help secure deals in Iraqi Kurdistan. according to documents that shed new light on transactions that have strengthened Moscow’s presence in the Middle East.

The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting. saying: The coronavirus outbreak has ruined the demand for oil.

Saudi Arabia and some other countries are looking for a 1 million bpd output cut for Q2. 2020 amidst weakening global demand.

Crude oil imports into the world’s top oil importer and key growth driver would be weaker in March than in February.

OPEC doesn’t see the effects of the disease confined to the start of the year.

Colorado explorers pumped the most crude on record last year even after the state tightened restrictions on oil and gas drilling.

Iran will inaugurate a production line for a totally home-made self-shifting transmission. for the first time in the history of its car-making industry. in a show of defiance to US’ sanctions.