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Most of the demand loss will come from jet fuel as the risk of disease discourages travelers from getting on a plane.
Read More »China Coronavirus could Push Oil down by $3
Deal with OPEC Helps Russia Double Its National Wealth Fund
The group of 24 major oil producers. including Russia. has been trying to erase an oil glut.
Read More »China Finds Oil in Asia’s Deepest Onshore Well
The biggest energy producers in China are tapping more tight oil and gas wells.
Read More »Putin & Merkel Agree to Keep Supporting Nord Stream 2 Project amid US Sanctions
The US has been vigorously opposing the Nord Stream 2 pipeline.
Read More »Russia Dominating the US in the Battle for European LNG Market
According to Novak. the number of countries consuming LNG has doubled.
Read More »Japanese Energy Majors may Invest in Russia’s Oil Megaproject in Arctic
The project will require significant funding to develop the fields and related infrastructure.
Read More »OPEC Fully Supports Paris Climate Pact
OPEC is fully engaged with the Paris Agreement.
Read More »A New Alliance in Energy Market
Overall. 20 agreements were signed between the two nations across a variety of industry sectors.
Read More »Saudi Aramco Considers Investing in Russian LNG
Saudi companies were considering investments in joint gas projects with Russia. as well as for the production of ethanol. used in the liquefaction of natural gas.
Read More »Russia will Build $1bn Oil Complex in Saudi Arabia
The organization will stick to the agenda of keeping oil prices at a ``sensible level`` in the future.
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