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Month: August 2020

Category:
  • Spain

Socialising pushes Spain Covid-19 rate far above rest of Europe

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

Posted On : 21 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

Crude futures lower in Asia trade on stronger dollar, fragile demand outlook

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Mixed at Midweek

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • Prices

How Would a 2nd Lockdown Affect Oil Prices?

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • Iran
  • USA

Trump demands restoration of ‘snapback’ sanctions on Iran

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • OPEC

Oil market improving, but full OPEC+ compliance needed: monitoring committee

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • Turkey

Turkey Finds Energy in Black Sea as Erdogan Vows a New Era

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • Libya

Uncertainty looms in Libya as PFG allows eastern oil ports to reopen

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • Europe
  • Turkey

EU reaffirms opposition to Turkish gas drilling; ‘all options on the table’

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

Posted On : 20 Aug 2020 Published By : Tom Whipple
Category:
  • OPEC
  • Saudi Arabia

Saudi Arabia keeps pressure on for OPEC+ members to comply with pledged oil cuts

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

Posted On : 20 Aug 2020 Published By : Tom Whipple

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