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Month: March 2020

Category:
  • Oil Supply

Petrostates Hammered by Oil Price Plunge and Pandemic’s Spread

Kazakhstan’s long-standing leader calls it a “perfect storm.” Venezuela’s government is shutting fuel stations across the country. Chad is paying its sovereign debts using cattle. Across the oil-rich states of Africa, the Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • Economy
  • Global

Global Economic Fallout Grows as Coronavirus Cases Pass 600,000

Concerns about the financial toll of the coronavirus pandemic continued to grow as the number of infections globally topped 600,000 Saturday, with the International Monetary Fund warning of an economic Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • Climate

Coronavirus Already Hindering Climate Science, But the Worst Disruptions Are Likely Yet to Come

A researcher assembles an automatic weather station. Credit: East Greenland Ice-core Project Along with temporarily reducing greenhouse gas emissions and forcing climate activists to rethink how to sustain a movement Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • OPEC

OPEC February Production Data

 It is thousand barrels per day and is through February 2020. The OPEC data no longer includes Ecuador. OPEC 13 was down 546,000 barrels per day in February. The only Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • Iraq

Iraq Wants 30% Capex Cut From Foreign Oil Firms

Iraq, one of the oil producers worst hit by the oil price crash, is proposing that all foreign oil firms operating in OPEC’s second-largest producer cut their budgets by 30 Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • Israel

Israel Forms a Unity Government to Tackle COVID-19

After years of political paralysis, Israel’s parties are finally putting aside their differences to form a government against the backdrop of a daunting COVID-19 epidemic. But the unity government is Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • South Africa

Price War Hits Africa’s Largest Oil Producer

Caught in the Saudi-Russian oil price war, Africa’s largest oil producer, Nigeria, has discounted deeply its crude and aims to pump as much as it can, trying to retain customers Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • India

COVID-19 Throws a Wrench Into India’s Economic Plans

The global COVID-19 outbreak has taken hold in India slower than in other areas, though the number of cases in the country has spiked in recent weeks. The central government Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • Russia
  • USA
  • Venezuela

Russia calls U.S. sanctions on Venezuela a ‘tool of genocide’ amid epidemic

Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide” amid the coronavirus outbreak. The Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple
Category:
  • Australia
  • Climate

Great Barrier Reef Hit By Mass Bleaching, Climate Council Says

Australia’s iconic Great Barrier Reef has suffered its third mass coral bleaching in five years, according to early results of aerial surveys over the World Heritage site. “I saw coral bleaching Continue Reading

Posted On : 28 Mar 2020 Published By : Tom Whipple

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