Iran’s death toll from the new coronavirus has reached 54, Health Ministry spokesman told state TV, adding that the number of people infected had reached 978. Iran has had the Continue Reading
For a commodity going through one of its worst slumps ever, you would think that a major oil company bringing more of it to an already flooded market would cause Continue Reading
Iraq’s federal crude oil exports, which excludes the semi-autonomous Kurdish region, rose 3.3% in February from a month earlier on increased shipments from southern terminals in OPEC’s second-largest oil producer, Continue Reading
Saudi Arabia is pushing to make a substantial cut in oil production when Opec and its allies meet next week, as global energy producers scramble to respond to the coronavirus Continue Reading
A man disinfects the shrine of Fatima Masumeh, in Qom, Iran, against coronavirus. Iran’s deputy health minister, Iraj Harirchi, was pale and drenched in sweat during a press conference on Continue Reading
Faced with a slump in demand and plunging oil prices, OPEC’s top producer and de facto leader Saudi Arabia is asking members of the OPEC+ group to consider an additional Continue Reading
China’s top oil supplier and the world’s largest oil exporter, Saudi Arabia, will be cutting its crude exports to the world’s top oil importer by at least 500,000 bpd in Continue Reading
Aramco has reportedly started the preparation process for the international leg of its listing, which most expected to be years away. According to unnamed sources that spoke to Bloomberg, the Continue Reading
Saudi Arabia is pushing to make a substantial cut in oil production when Opec and its allies meet next week, as global energy producers scramble to respond to the coronavirus Continue Reading
A total of 14 Saudi companies in the energy sector booked hefty losses last year, Middle East Monitor reported on Wednesday, quoting analysts who had spoken to local media. One Continue Reading
