Kurdistan is committed to the OPEC+ oil production cut deal and will reduce output accordingly, the government of the semi-autonomous Iraqi region said in a statement following a meeting between Continue Reading
Oil storage is about the only thing in demand in the crude market right now. The coronavirus pandemic has obliterated consumption and forced producers and traders to store more oil Continue Reading
Saudi Arabia extended on Monday the suspension of praying in the Grand Mosque and Prophet’s Mosque during the fasting month of Ramadan to stem the spread of the coronavirus, the Continue Reading
Iran’s government allowed local bazaars and shopping malls to reopen on Monday, a potential milestone for a country that was one of the first outside of China to be hit Continue Reading
As COVID-19 continues to spread worldwide, the pandemic is having an unprecedented impact on the global economy and commodity markets, including cobalt. With countries imposing prevention and control measures against Continue Reading
Argentina is considering setting a minimum oil reference price at $45/b for local production, as much as $9/b less than some producers had requested, in a bid to revive output Continue Reading
China doubled the fill rate at its strategic and commercial inventories in Q1 2020, taking advantage of the low oil prices and somewhat supporting the oil market amid crashing demand Continue Reading
A northwestern province on the frontline of China’s coronavirus battle reported on Tuesday its first cases in nearly three weeks, all involving travellers from overseas, as imported infections started to Continue Reading
Mystery surrounded Kim Jong Un’s health after U.S. and South Korean officials gave differing accounts of the North Korean leader’s condition following his unusual absence from recent holiday celebrations. Kim was Continue Reading
China’s overall output of six major oil products — LPG, naphtha, gasoline, jet/kerosene, gasoil and fuel oil — fell by an average of 12.5% year on year at 33.85 million Continue Reading
