Sources from Kuwait and Saudi Arabia last week let it be known that trial production of 10,000 barrels per day (bpd) would start at the Khafji field in the ‘Partitioned Continue Reading
As the 2019-nCoV coronavirus continues to wreak havoc on the oil markets, dropping oil prices more vehemently and abruptly than the 2003 SARS outbreak did, the current plight of Libya Continue Reading
The US has again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, a US State Department spokesman said Wednesday. “The US has granted Continue Reading
Oil field The Minister of State for Petroleum Resources, Timipre Slyva, said that about one billion barrels of crude oil have been discovered in the Northeastern part of Nigeria. Mr Continue Reading
If the spread of the new coronavirus isn’t halted, it could infect 60 per cent of the world’s population and kill 1 in 100 of those infected – around 50 Continue Reading
When the World Health Organization declared a global public-health emergency at the end of last month, it praised China’s “extraordinary” efforts to combat the coronavirus epidemic and urged other countries Continue Reading
An ongoing two-year long trade war between the US and China that has impacted the exports of both countries seemed to be closer to a resolution in January, when the Continue Reading
The coronavirus outbreak is impacting the energy sector beyond the depressed oil demand in the world’s top oil importer and key oil demand growth driver, China. Due to factory shutdowns Continue Reading
The coronavirus outbreak is additionally depressing China’s already slowing gas demand growth to the point that analysts have revised down their estimates for Chinese gas demand growth this year and Continue Reading
South Korea is on course to register a second consecutive year of decline in oil product exports in 2020 as gasoline, jet fuel and diesel fuel sales bear the brunt Continue Reading
