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Month: February 2020

Category:
  • Economy

Global Factory Revival in Doubt as Coronavirus Spreads

Global manufacturing activity appeared to be steadying after a long slowdown, but is set to suffer a fresh setback due to China’s isolation in response to the coronavirus outbreak. January Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • Oil Supply

The $900bn cost of ‘stranded energy assets’

Donald Trump was thinking about the teenage climate activist Greta Thunberg when he took aim at what he called the “prophets of doom” at Davos in January. But just as Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • OPEC

OPEC+ Considers 500,000 Bpd Cut In Emergency Meeting

OPEC and its key ally in the OPEC+ coalition, Russia, are set to convene an extraordinary meeting of a joint technical committee on Tuesday or Wednesday this week, to discuss Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • China
  • Iran
  • USA

End of Cosco sanctions shows US reluctance for penalizing key oil market players: analysts

The Trump administration’s decision to lift sanctions on affiliates of China’s biggest shipping company may not be a sign the US “maximum pressure” campaign on Iran is weakening, but shows Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • OPEC
  • Russia
  • Saudi Arabia

Saudi Arabia, Russia say ready for further OPEC+ ‘action’ to ensure market stability

 Saudi Arabia and Russia are ready for “further coordination of actions” to ensure the stability of the global oil markets as oil prices have plunged amid concerns that the coronavirus Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • Libya

U.N. Libya envoy says military rivals ready to negotiate in Geneva

The U.N. envoy to Libya said on Tuesday there was a “genuine will to start negotiating” between rival military factions as they planned to meet for the first time for Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • Russia
  • Venezuela

Russia sends Lavrov to Venezuela to ‘counteract’ U.S. sanctions

Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who Washington wants out of power. Russia has helped Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • Guyana

‘’Guyana Lost $55 Billion On Oil Deal with Exxon’’

A new report suggests that the world’s newest oil exporter, Guyana, lost $55 billion from its deal with Exxon that would allow the oil major to develop its offshore oil Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • China

Live updates: China’s reopened stock markets plunge as coronavirus outbreak spreads around the world

● China’s National Health Commission reported Monday that there are 17,228 confirmed cases in China, including 15 in Hong Kong and eight in Macao. The self-governing island of Taiwan reported Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple
Category:
  • Japan
  • Middle East

Japan Deploys Warship To Protect Oil Route In Middle East

Japan has deployed a warship to critical oil shipping lanes in the Middle East, and has authorized use of force for those ships, Reuters reported on Sunday. The decision to authorize force Continue Reading

Posted On : 4 Feb 2020 Published By : Tom Whipple

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