World trade experienced an “unprecedented” decline in April as most big economies suffered from strict coronavirus lockdowns, according to widely watched data which found that the eurozone was the hardest-hit Continue Reading
Saudi Arabia made good on its promise to flood the market with oil after the collapse of the previous OPEC+ deal in early March. In April, the value of Saudi Continue Reading
Iran on June 25 officially started building a 1,000-km (620-mile) pipeline to avoid the disputed Strait of Hormuz for its future oil exports, state television reported. The Goureh-Jask route will bring Continue Reading
Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin. Continue Reading
U.S. oil companies are calling on President Donald Trump to help persuade Mexican President Andrés Manuel López Obrador not to ditch the energy reforms that his predecessor launched, opening Mexico’s Continue Reading
Oil producers across the globe are grappling with the worst combination of events for the industry ever China’s state-held oil firms have taken a particularly bad tumble from the price Continue Reading
Singapore’s geographic location makes it a hot spot for physical oil trading. Hin Leong Trading was just named in a major $3 billion oil trading scandal The revelation of the Continue Reading
Crude oil demand from Chinese refineries slowed down in June, amid poor refining margins and ample stocks, market sources told S&P Global Platts over the week starting June 21. Receive Continue Reading
Asian air passenger traffic faltered for the fourth consecutive month in May as air travel demand buckled under the pressure of the coronavirus pandemic, preliminary data released by the Association Continue Reading
Government experts believe more than 20 million Americans could have contracted the coronavirus, 10 times more than official counts, indicating many people without symptoms have or have had the disease, Continue Reading
