Black markets flourish and civilians resort to desperate measures as impact of Libya’s ongoing oil blockade bites A closed petrol station in southern Libya. Since 2011, the country has been Continue Reading
Finance officials from the G7 major industrial nations on Tuesday called on “oil-producing countries to support international efforts to promote global economic stability,” as the collapse in crude prices threatens Continue Reading
Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output. International benchmark prices LCOc1 Continue Reading
Declining refining margins for transport fuels such as gasoline and jet fuel have impacted demand for lighter crude grades in Asia, with the value of premium grades such as Abu Continue Reading
Early figures are suggesting that the outbreak of Covid-19 could have a significant impact on global oil demand, with Arij van Berkel, a director at US-based research firm Lux Research Continue Reading
The hit would amount to a more than 40 percent fall in revenues from 2019, Iata, the industry trade body warned on Tuesday. It is up from a prediction of $113bn Continue Reading
India’s prime minister ordered all 1.3 billion people in the country to stay inside their homes for three weeks starting Wednesday — the biggest and most severe action undertaken anywhere Continue Reading
India’s decision on Tuesday to lock down over a billion of its people could pose a grave threat to South Korean and Chinese gasoline exporters as a potential downfall in Continue Reading
American firms in China are increasingly pessimistic about how quickly they can rebound from the coronavirus, with less than a quarter back at normal work levels. The outbreak and the government’s Continue Reading
Brazil’s President Jair Bolsonaro patched up a diplomatic spat with China on Tuesday in a call with President Xi Jinping, with the two agreeing to fight the spread of coronavirus Continue Reading
