Coronavirus is spreading far faster in Spain than in the rest of Europe, confronting the country with a race against time to bring the outbreak under control before the return Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Aug. 20 after the US dollar strengthened, a drawdown in US commercial crude inventories proved smaller than analysts had expected Continue Reading
The WTI crude oil benchmark edged upward Wednesday but the Brent marker finished lower. The West Texas Intermediate (WTI) crude oil benchmark edged upward Wednesday but the Brent marker posted Continue Reading
Wood Mackenzie’s Brent oil price forecast would be significantly affected in a second lockdown wave scenario. Wood Mackenzie’s (WoodMac) Brent oil price forecast would be significantly affected in a second Continue Reading
President Trump has directed Secretary of State Mike Pompeo to go to the United Nations on Thursday in the first step toward reimposing all U.N. sanctions against Iran, using a Continue Reading
The oil market is on the path to rebalancing, but with uncertainties about how quickly the world can recover from the COVID-19 pandemic, the Saudi and Russian co-chairs of a Continue Reading
Turkey has discovered energy in the Black Sea, most likely natural gas, two people with direct knowledge of the matter said Wednesday, but gave no indication of the size and Continue Reading
he Petroleum Facilities Guard of Libya’s eastern oil terminals said they will reopen the country’s key oil ports to allow the exports of some barrels from storage, But the restart Continue Reading
EU leaders on Aug. 19 reaffirmed their opposition to Turkey’s “illegal” drilling activities offshore Cyprus and agreed that “all options will be on the table” at the next European Council Continue Reading
Saudi Arabia redoubled its crusade for OPEC+ compliance Aug. 19, laying pressure on the alliance’s quota violators to make up for their excess crude production with deeper cuts in the Continue Reading
