Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil prices, Vladimir Putin’s Press Secretary Continue Reading
Saudi Arabia’s attempt to negotiate a global pact with Russia to rescue oil prices from the coronavirus crisis will come to a head Thursday, when ministers from OPEC and other Continue Reading
The homebound and virus-wary across the Northern Hemisphere, from President Trump to cooped-up schoolchildren, have clung to the possibility that the coronavirus pandemic will fade in hot weather, as some Continue Reading
It also finds shortcomings in the studies published so far that trace the spread of the coronavirus and connect the pattern of spread to temperature and humidity, stating they “should Continue Reading
Expectations for future activity also fell, as most firms do not expect energy prices to return to profitable levels this year. The Federal Reserve Bank of Kansas City’s first-quarter Energy Continue Reading
The number of Americans getting on airplanes has sunk to a level not seen in more than 60 years as people shelter in their homes to avoid catching or spreading Continue Reading
Maritime data provider Alphaliner said in a report Wednesday that shipping lines have withdrawn vessels with capacity totaling about 3 million containers in efforts to conserve cash and maintain freight Continue Reading
Hassan Rouhani said international public opinion would not tolerate discrimination against Iran Iran has urged the International Monetary Fund (IMF) to approve a $5bn (£4bn) emergency loan to help fight Continue Reading
The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about tomorrow’s virtual Continue Reading
Fadhel says talks ongoing, but OPEC+ ready to act Russian rhetoric seen as negotiating tactic Kuwait production could hit 3.30 mil b/d in April London — The 23-country OPEC+ alliance Continue Reading
