Iraq Asks BP to Cut Rumaila Flow 10%
Iraq has asked BP Plc to cut crude production at the nation’s biggest field of Rumaila by 10% as part of a push to comply with OPEC+ quotas, according to a Continue Reading
OPEC Gets Chance to Gain Upper Hand in Long Battle With Shale
Once the global oil market emerges from the coronavirus crisis, it may be greeted by a surprising change: greater dependence on crude from OPEC. For the time being, the Organization of Continue Reading
Iraq to export 2.8 mil b/d crude in June, commits to OPEC+ cuts: minister
Iraq, OPEC’s second-largest oil producer, expects to export 2.8 million b/d of crude oil in June as it seeks to firmly commit to the OPEC+ cuts after it failed to Continue Reading
Talks on $4.6 Billion Ethiopia Dam Poised to Restart
Egypt, Sudan and Ethiopia on Sunday said talks would continue later this week to resolve their dispute over a Nile dam Ethiopia is constructing, even as Cairo accused Addis Ababa Continue Reading
Beijing steps up coronavirus measures as dozens of cases emerge from a food market
After weeks with almost no new coronavirus infections, Beijing has recorded dozens of new cases in recent days, all linked to a major wholesale food market, raising concerns about a Continue Reading
Chinese capital reinstates curbs as coronavirus resurfaces
Several districts of the Chinese capital set up security checkpoints, closed schools and ordered people to be tested for the novel coronavirus on Monday after an unexpected spike of cases Continue Reading
Chinese Consumers Add Fuel to Factory-Led Economic Recovery
An official gauge of unemployment in Chinese cities showed a slight fall to 5.9% in May, a tick down from April’s 6.0% figure and a further improvement after the national Continue Reading
Half of Beijing districts report new coronavirus cases
Half of Beijing’s districts reported new coronavirus cases on Monday in the country’s most serious upsurge in infections for months. Authorities announced that 79 people had been hospitalised and there Continue Reading
Coronavirus: Beijing spike continues with 36 new cases
Security guards at a residential area under restrictions near Yuquan East Market in Beijing Beijing has recorded 36 new locally-transmitted coronavirus cases, amid fears of a second wave in the Continue Reading
China data: May crude throughput recovers to 13.69 mil b/d, jumps 8% on year
Singapore — Crude oil throughput at China’s domestic refineries further recovered to 13.69 million b/d, jumping 8.2% year on year, to post the first uptick since the coronavirus outbreak, the Continue Reading