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Market Analysis
Oil Industry Joins The Fight Against Coronavirus
The supermajor is also offering free food and drink to healthcare professionals at 15,000 retail outlets globally as well as to truck drivers and delivery perso…
Oil Price
Russian Oil Firms Ready To Agree To A Production Cut Deal
With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be…
Oil & Gas Trade
Trump Says 'Doesn't Care About OPEC', Will Put Tariffs on Oil Imports If He Has to
President Donald Trump said on Saturday that he "does not care about OPEC" and that he will put tariffs on oil imports to the United States if he has to in orde…
Oil Shale
Saudi Arabia Denies Trying to kill US Shale, Shifts Blame for Oil Supply Glut on Russia
Rejecting the accusation as “fully devoid of truth,” Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud insisted that the Kingdom is and has always been …
Oil Price
Oil Price Barrels Ahead As OPEC Flags Meeting
The price of crude oil surged again Friday after OPEC said it would talk to non-members.
Crude Oil
Fuel Consumption Sees Drastic Drop
Despite petrol bunks having remained open during the lockdown period, the consumption of diesel and petrol has come down drastically.
Oil Price
Petrol, Diesel Prices Jump by Re 1 in 3 States on Higher Tax
Fuel prices in west Bengal, maharashtra and karnataka rose by a litre.
Oil Price
What Really Caused Oil To Rally By 25%?
Oil prices spiked 25 percent on Thursday after President Trump tweeted that Saudi Arabia and Russia would cut production by 10 to 15 million barrels per day (mb…
Oil & Gas Trade
Tunisia and Algeria to Sign a 10 Year Gas Supply Deal
Tunisia and Algeria are to sign a 10 year gas supply deal according to the governments of Tunisia and Algeria represented by their respective Energy and Mines M…
Oil Price
Oil Falls on Scepticism over Trump's Saudi-Russia Output Deal
Oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after U.S. President Donald Trump said he had brokered a deal between…
Oil & Gas Trade
Saudi Arabia and Russia Signal Readiness to Cooperate on Oil
Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to disc…
Market Analysis
IEA: This Oil Shock Is The Worst In History
The world has seen some oil shocks before, but “none has hit the industry with quite the ferocity we are witnessing today,” the IEA said on Wednesday in an ar…
Oil Price
Coronavirus: Oil Prices Rise on Hopes of a Price War Truce
Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their price war.
Crude Oil
BP Reduces Investment Plan by 25% in 2020 to US$12bn
BP has cut its 2020 spending plan by a quarter, from US$15bn to US$12bn, including a US$1bn reduction investment in short-cycle onshore activity.
Oil & Gas Trade
Showing Honest Solidarity and Working Remotely ElektroMotion Series Being Supportive Technology
Recently industrial activity has been substantially reduced and labor forces worldwide have been affected heavily.
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