Can oil ministers reach a deal on supply curbs?
Oil ministers from Opec and countries that were part of the Opec+ alliance that collapsed last month are expected to take part in an emergency meeting this week to discuss Continue Reading
With Coronavirus Shutdowns, Airlines Learn to Manage Without Flying Many Planes
The world’s airlines, no longer operating a globe-spanning choreography of flights, are consumed with new work: navigating government bailout offers, negotiating with unions, finding places to park idle planes and Continue Reading
Global Oil Demand Plummets, Threat To Storage Capacity
In the past two weeks, analysts have cut their global oil demand forecasts by a staggering 225%. Never in history has the world experienced such a massive reduction in global Continue Reading
Surge in tanker rates on oil storage unlikely to continue beyond Q2
Asian clean and dirty tankers have just had one of their best first quarters in years as traders rushed to store oil products on the water as the COVID-19 pandemic Continue Reading
Waiting for the Next Historic Number: Global Economy Week Ahead
As the true economic impact of the coronavirus pandemic becomes clear, economists seeing unprecedented data releases on an almost daily basis are gearing up for even worse to come. In Continue Reading
World Economy Outlook: Risk From Global Disinflation
The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades. With many national economies all Continue Reading
OPEC, Allies Set to Debate Oil Cuts as Saudis Delay Pricing Move
The Saudi-led Organization of the Petroleum Exporting Countries will convene a virtual meeting on Thursday with other oil-producing nations including Canada and Russia, aiming to negotiate a truce in a Continue Reading
OPEC+ emergency meeting faces delay as Russia rift with Saudi grows
OPEC and its allies are regrouping over the weekend following signals from US President Donald Trump that American producers would not be joining any production cut and a rift between Continue Reading
OPEC’s Plan To Take Over The Global Oil Industry
The first three months of 2020 have shocked the global energy market to its foundations. The toxic mix of coronavirus, a global economic recession, and an unexpected OPEC+ price spat Continue Reading
Iran’s Rouhani says low-risk economic activities to resume from April 11 amid coronavirus
Iran’s president said on Sunday “low-risk” economic activities would resume from April 11 in the Middle Eastern country worst-affected by the new coronavirus. Iran has been struggling to curb the Continue Reading