Oil falls as coronavirus hits Chinese crude demand
Oil prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in top crude importer China after a new coronavirus outbreak Continue Reading
Energy Stocks Rout On Poor Earnings
The earnings season is here again with nearly a quarter of S&P 500 companies having returned their Q4 and full FY 2019 scorecards–and it doesn’t make for pretty reading, especially Continue Reading
Global shares hit seven-week lows as virus fears savage China’s markets
World shares sank to their lowest in seven weeks on Monday, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears Continue Reading
OPEC+ considering further 500,000 bpd oil output cut: sources
OPEC and its allies are considering a further cut in their oil output of 500,000 barrels per day (bpd) due to the impact of the coronavirus on oil demand, two Continue Reading
OPEC+ to hold technical meeting Tues, Wed to assess virus impact: sources
OPEC + will hold a technical meeting on Tuesday and Wednesday to discuss the impact of the deadly coronavirus on oil demand, OPEC sources told S&P Global Platts on Sunday, Continue Reading
Is Egypt’s Energy Hub Dream Falling Apart?
Since the end of the 1990s Egypt has dreamt of becoming an East Mediterranean gas and energy hub. The discoveries offshore in the Nile Delta at the end of the Continue Reading
Iraqi cleric Sadr tells followers to clear sit-ins after PM appointed
Populist Iraqi cleric Moqtada al-Sadr urged his followers on Sunday to help security forces clear roads blocked during months of sit-in protests, calling for a return to normal life after Continue Reading
Saudi Arabia’s oil output was 9.744 mil b/d in January: source
Saudi Arabia produced 9.744 million b/d of crude oil in January, in line with its promise to keep output 400,000 b/d below its new OPEC+ quota, a Saudi oil ministry Continue Reading
Oil exports fall 3.5%; new prime minister is appointed
Iraq’s crude exports, excluding the semi-autonomous northern Kurdish region, fell 3.5% in January from the month before, according to government data. Separately, the country’s president named a new prime minister Continue Reading
The Two Global Powers Controlling Iran’s Oil Sector
Aside from becoming the number one petrochemicals powerhouse in the Middle East within the next three years, Iran’s priorities in the current U.S. sanctions environment is to increase its production Continue Reading