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Month: March 2020

Category:
  • Iraq

KRG issues new anti-coronavirus orders to oil firms

Regulations for oil and gas companies in Kurdistan reinforce standing WHO recommendations. KRG Prime Minister Masrur Barzani (far right) chairs a meeting of government officials in response to the coronavirus Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco reports 21% drop in 2019 profit on lower prices

Saudi Aramco, the world’s largest crude oil exporter, said Sunday its 2019 profit fell 21% to $88.2 billion due to lower oil prices and reduced output. It reduced 2020 estimated Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • Shale Oil

How Saudi Arabia Delivered A Blow to U.S. Shale Companies At The Worst Possible Moment

Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics. Saudi Arabia recently announced that it was engaging in a full-on price Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia’s Oil War Could Bankrupt The Kingdom

Those with a functioning memory may have thought that last week’s decision by Saudi Arabia to maximise oil production to crash oil prices and bankrupt U.S. shale producers was an Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • Venezuela

The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase

The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude in exchange for Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • China

China Set for Unprecedented Contraction in Early-Year Data

Data on China’s industrial output, investment and retail sales due Monday are forecast to show an across-the-board contraction for the first time on record, evidence of the extent to which Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • Energy Storage

New Solid-State Battery Tech Promises 500-Mile Range EV

One of the latest entrants in the heated race for higher-performance battery pack technology is a new type of solid-state battery with high energy density, half the size of a Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • China

Coronavirus News: China’s Economic Activity Contracts

China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the fallout now Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • USA

Factories shift operations in scramble to restock supermarket shelves

 With supermarkets stripped of food and many other essentials, consumer product companies halted factory runs of niche items such as scented bleach in order to speed up production of more Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple
Category:
  • China

China’s Economy to Shrink 6% This Quarter, Macquarie Says

China’s economy is expected to shrink 6% this quarter compared to a year earlier, which would be the first such contraction on record, according to Macquarie Group Ltd. Data out Monday showed Continue Reading

Posted On : 16 Mar 2020 Published By : Tom Whipple

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