Confirmed cases of the novel coronavirus world-wide surpassed one million Thursday, a grim milestone for the pandemic as governments deploy increasingly stringent measures to battle its spread and a record Continue Reading
It was only a matter of time, really. With demand decimated by the coronavirus and Saudi Arabia on the oil warpath, the imbalance between oil supply and demand deepened dramatically, Continue Reading
President Donald Trump will meet with titans of the oil industry Friday who are battling among themselves over whether he should slap tariffs on Saudi crude to get the kingdom to Continue Reading
For many countries, the ongoing oil price depression has brought about a new era of impending economic implosion. Yet no one seems to suffer as much as Iraq nowadays – Continue Reading
Saudi airlines are forecast to suffer the most among their Middle East peers due to travel restrictions caused by the corona pandemic, but the biggest impact on GDP and jobs Continue Reading
The first crude export in more than five years from the Neutral Zone shared by Kuwait and with Saudi Arabia is set to take place this week, a shipping source Continue Reading
Iraq saw its oil revenues cut nearly in half in March when oil prices collapsed, even though OPEC’s second-largest producer exported more barrels of crude last month than it did Continue Reading
The government in Kazakhstan has, in the light of the unfolding coronavirus pandemic and the concomitant fall in global oil prices, revised its economic projections for this year to forecast Continue Reading
Loadings of Kazakhstan’s CPC crude grade spiked to a record-high 1.65 million b/d in March propelled by production from the giant Tengiz and Kashagan fields, the pipeline’s operator said in Continue Reading
The C.I.A. has been warning the White House since at least early February that China has vastly understated its coronavirus infections and that its count could not be relied upon Continue Reading
