Analysis: How close are we to a pandemic?
San Fiorano is one of the Italian towns on lockdown Major outbreaks of the new coronavirus have suddenly been detected in both Italy and Iran in the past few days. Continue Reading
Covid-19: Our chance to contain the coronavirus may already be over
The global spread of covid-19 seems to have exploded in recent days, with outbreaks revealed in Iran and Italy and a massive increase in cases in South Korea. Tedros Ghebreyesus, Continue Reading
First Iraqis catch coronavirus amid fear of Iran epidemic spillover
Iraq shut schools and universities on Tuesday and told citizens to avoid mass gatherings, as it rushed to prevent the spread of the coronavirus from its neighbor Iran, hit by Continue Reading
Saudi Arabia: OPEC Should Pay Serious Attention To Coronavirus
The OPEC+ group should not be complacent about the impact of the coronavirus outbreak on oil demand, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told reporters on Tuesday, a Continue Reading
Saudi Aramco launches largest shale gas development outside US
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Continue Reading
Nigeria: Why Refineries in Nigeria Will Not Work
At the backdrop of the announcement of the Federal Government’s plans to rehabilitate the country’s refineries by the Minister of State, Petroleum Resources, Timipre Sylva, experts in the petroleum downstream Continue Reading
PDVSA Finds Another Rosneft Subsidiary To Do Its Bidding
The US may have dealt Venezuela another blow by sanctioning Rosneft subsidiary Rosneft Trading last week, but as the company dealing the most oil from Venezuela is hamstrung, another Rosneft Continue Reading
China struggles to revive manufacturing amid virus outbreak
Other global companies that need Chinese plastics, chemicals, steel and high-tech components also “face reduced production,” according to Kaho Yu of Verisk Maplecroft, a consulting firm. Yu said that is Continue Reading
No Financing And No Demand: Chinese Refiners Run Into Trouble
International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports , citing industry Continue Reading
Asian jet fuel under more downward pressure as S Korean airlines halt flights
The near-term outlook for the Asian jet fuel market is set to remain bleak as South Korean carriers join other Asian airlines in halting all flights to the country’s fourth-largest Continue Reading