Oil slips as traders expect OPEC+ to ease supply cuts
Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up Continue Reading
Oil Drops on Signs OPEC+ Preparing to Taper Production Cutbacks
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in Continue Reading
Oil Market Tightens But COVID-19 Could Spoil The Rally
Global oil demand has rebounded somewhat faster than previously thought, although the spread of the coronavirus in the United States and Latin America is “casting a shadow over the outlook,” Continue Reading
Coronavirus bringing record $1 trillion of new global corporate debt in 2020: report
Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new Continue Reading
Wind Is Emerging As A Leader In The Renewable Race
Good news is in short supply during any crisis, and this one has been no exception. The energy industry is being pummeled to the ground by low oil and gas Continue Reading
Libya’s LNA vows to continue oil blockade unless its demands are met
The Libyan National Army vowed to continue its oil blockade in the war-torn North African country unless its demands are met as the conflict between the self-styled army and the Continue Reading
Libya’s oil exports face setback as blockade resumes, NOC singles out UAE
Libya’s National Oil Corp. declared force majeure on all crude exports on July 12, a day after the Libyan National Army re-instated an oil blockade as the civil war continues Continue Reading
Improved demand outlook calls for easing of OPEC+ oil production cuts: sources
Output cuts set to roll back to 7.6 million b/d in August Compensation cuts for May, June overages will add to total Middle East summer air conditioning to add to Continue Reading
Yemen’s Houthis agree to give U.N. access to abandoned tanker – sources
Yemen’s Houthi movement has agreed to provide the United Nations access to a stranded oil tanker that risks causing an environmental disaster off the coast of the war-divided country, two Continue Reading
Emerging Markets: China’s Rebound Fuels Optimism for More Gains
Emerging markets have a lot going for them right now. Putting aside the worrying rise in Covid-19 cases, the positive narrative for investors in developing economies remains intact. China’s economy Continue Reading