Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
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.
Read More »Oil Prices Edge down as Traders Assess China`s Oil Demand
Impact of Coronavirus on Energy Markets Hasn’t Been Dramatic
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.
Read More »Russia may Reveal Stance on Oil Output Cuts Next Week
OPEC and its allies. a grouping known as OPEC+. are scheduled to meet in Vienna on March 5-6.
Read More »Russia Wants more Time to Mull Output Cuts
Moscow needs more time to assess the situation. stopping short of giving a clear Russian position on the proposal.
Read More »Iran Supports Unanimous OPEC Output Cut Plan
OPEC producers in OPEC+ are currently discussing whether to meet earlier than their scheduled gathering in Vienna on March 5-6.
Read More »OPEC+ Panel may Agree on Need to Deepen Oil Output Cuts
Oil prices have fallen by more than $11 a barrel this year to $55. alarming producers.
Read More »Oil Climbs on Hopes for Output Cuts to Offset China Virus Impact
Producers are weighing further output cuts and moving a planned policy meeting to February rather than March.
Read More »OPEC Needs to Cut a New Deal and Fast
China is. by far. the biggest market for OPEC+ crude exports. with the big Arabian Gulf producers particularly vulnerable.
Read More »Huawei. ZTE Urge U.S. not to Impose National Security Risk Labels
Huawei Technologies Co Ltd and ZTE Corp (000063.SZ) on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security.
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 »