The Real Winner Of The OPEC+ Output Deal
As of April 15, Mexico, the world’s 10th-most populous country, had recorded 5847 cases and 449 deaths related to COVID-19, far behind the figures reported by its northern neighbor, the Continue Reading
Saudi Aramco to slash crude supply to 8.5 mil b/d from May 1
State-owned Saudi Aramco said Friday it will cut oil supplies in May by almost 4 million b/d, in line with the kingdom’s commitments under the new OPEC/non-OPEC deal, as it Continue Reading
Nigeria: No Buyers Yet for 50m Barrels of Nigeria’s Crude Oil
Global energy data, financial information and analytics company, S&P Global Platts, disclosed that more than 50 million barrels of Nigerian crude oil for late April and May 2020 loading are Continue Reading
Nigerian crude in dire straits, gasping for buyers
The sheer weakness of the physical oil market can be best explained by the state of the Nigerian crude market. The once coveted light sweet Nigerian barrel is facing one Continue Reading
Brazil Cuts Oil Production On 62 Offshore Platforms
Petrobras has started shutting down production at 62 offshore platforms in the shallow waters off its coast, Reuters reported , adding that the cuts will amount to 23,000 bpd. Petrobras Continue Reading
Venezuela crisis: Energy shortage, gas lines challenge Maduro
With friends and family stuck indoors and buses rarely running, Onasis Muñoz missed several lifesaving dialysis sessions for his failing kidneys. When his blood pressure started to dangerously spike, he Continue Reading
China Is Stocking Up On Cheap LNG
COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic Continue Reading
China Suffers Historic Economic Slump With Hard Recovery Ahead
The coronavirus pushed China’s economy into its first contraction in decades in the first quarter, with the spread of the disease around the world now leaving the nation reliant on Continue Reading
Hobbled by coronavirus, China’s first-quarter GDP shrinks for first time on record
China’s economy shrank in the March quarter for the first time since current records began almost three decades ago, as the coronavirus shut down factories and shopping malls and put Continue Reading
China’s Wuhan raises coronavirus death toll by 50% citing early lapses
The Chinese city of Wuhan raised its death toll from the novel coronavirus by 50% on Friday, bringing its total to 3,869, amid doubts about the accuracy of China’s data Continue Reading