Oil prices edged higher on Friday on hopes OPEC and other producers may cut their output further amid falling demand for crude as China battles the coronavirus epidemic. Brent crude Continue Reading
Oil futures gave up early gains and settled narrowly mixed on Thursday, as OPEC and its partner Russia gave mixed signals about possible further output cuts to mitigate the impact Continue Reading
Something strange is happening in the oil world. A string of events and developments that should have pushed prices much closer to three-digit territory has, in fact, had only a Continue Reading
Over 54,011 airline flights scheduled to, from, and within China between January 23 and February 4 were canceled, according to Cirium data cited by CNBC, creating a ripple effect for Continue Reading
While a technical panel of the OPEC+ coalition is recommending an additional cut of 600,000 bpd in response to the lower oil demand due to the coronavirus outbreak, OPEC’s key Continue Reading
This week’s unusually high temperatures in the Antarctic – which surpassed those in the UK – appear to be part of a heatwave across the Antarctic Peninsula. Scientists have warned that Continue Reading
Saudi-led efforts to implement deeper oil cuts to tackle the coronavirus’ impact on the market remained in limbo Thursday, with key ally Russia not yet on board with a proposal Continue Reading
Iraq’s top Shi’ite Muslim cleric on Friday condemned deadly violence that killed protesters at sit-ins this week in the southern holy city of Najaf and said a new government must Continue Reading
Some of the world’s first ever commercial oil wells were operational near Baku in 19 th century Imperial Russia in today’s Azerbaijan. The oil abundance produced some of the wealth Continue Reading
Venezuelan authorities rounded up U.S. oil executives held under house arrest in Caracas Wednesday night and moved them to a prison, the top U.S. envoy to Venezuela told reporters on Continue Reading
