Oil extended declines after swelling U.S. crude stockpiles and a surge in coronavirus cases across the nation raised concerns about demand in the world’s largest economy. Futures in New York slipped Continue Reading
Global gas prices in late June are up from record lows amid a recent but modest uptick in demand, fueled by easing virus-related lockdowns and rising summer temperatures. In Northeast Continue Reading
A spike in U.S. coronavirus cases is threatening the oil market’s recovery from its historic plunge into negative territory. Futures in New York slid 5.9% to the lowest in a week on Continue Reading
JP Morgan’s recent prediction that oil prices would hit $190 has reignited a conversation about how high the looming supply crunch will send oil. The U.S. shale boom transformed the Continue Reading
Global energy demand is set to fall by 6% in 2020, the largest in 70 years, due to the coronavirus pandemic, an expert with the International Energy Agency said June Continue Reading
New Analysis by Boston Consulting Group Reveals That the COVID-19 Crisis May Have Brought Forward an Expected Decline in Demand for Fossil Fuels by More Than a Decade, Making a Continue Reading
Hassan Rouhani, Iran’s president, warned exporters that they risk prosecution if they keep their foreign currency earnings offshore as Tehran struggles to stabilise the plummeting rial. The Iranian currency has fallen Continue Reading
Emirates operated world’s biggest fleet of A380 before coronavirus pandemic Airline currently flying to over 40 destinations Dubai to welcome tourist, business travelers from July 7 Dubai — Emirates, the Continue Reading
Iran is pressing Iraq to expand its already game-changing oil and gas infrastructure deal with China. Tehran is looking to include Iraq in the Sino-Russian power bloc in order to Continue Reading
Iraq has raised estimates for its oil income and export prices for May, the oil ministry said on June 24, as OPEC’s second-largest producer benefits from the uptick in global Continue Reading
