Oil Extends Plunge On Coronavirus Fears
Oil prices extended losses early on Monday, slumping to nearly four-month lows amid fears that the Chinese coronavirus outbreak will slow China’s economic growth and oil demand. At 08:25 a.m. Continue Reading
Commodity prices continue to fall as coronavirus spreads
The coronavirus outbreak in China continued to push commodity markets lower Monday as the number of cases has risen and spread across the globe, sparking concerns of lower demand growth. Continue Reading
2019’s Rocky Oil Prices Made The World’s Biggest Traders Billions
2019 may have been fraught with volatile oil prices , but the world’s largest oil traders made a killing last year, Bloomberg reported on Monday. “By all accounts, 2019 was Continue Reading
BP CEO: days of oil at $100 per barrel have gone
There will be a reduction in use of oil over time, it will be displaced by natural gas or other things to generate power, BP group chief executive Bob Dudley Continue Reading
BP head believes oil prices are unlikely to return to $100 per barrel
Global oil demand will gradually decline, giving way to gas and other energy sources, BP chief executive Robert Dudley told TASS on the sidelines of the World Economic Forum in Continue Reading
5 Reasons Why Big Oil Is Here To Stay
The investment case for oil companies has been under attack recently. Climate change activists know that the dividends paid by the largest of these companies are among the most lucrative Continue Reading
OPEC Considers Deeper Oil Cuts Amid Virus Market Meltdown
As leading OPEC producers downplayed fears of crippled demand growth in an attempt to calm the oil market on Monday, the cartel is said to be considering extending the ongoing Continue Reading
Iran’s Leadership Works to Heal Rifts Opened Amid Protests, U.S. Pressure
After another flare-up of public protests, the Iranian establishment is working to mend internal rifts that have broken into the open as it faces greater pressure than at any point Continue Reading
U.S. Deals Major Blow To Iranian Investors
Washington’s move to ban Iranians from U.S. trade and investment visas has generated plenty of headlines, but the move is largely meaningless and should not be considered an intensification of Continue Reading
Libya Oil Output Plummets To 280,000 Bpd
Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in Continue Reading