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Oil Price
Calls Mount for New OPEC+ Deal as Oil Prices and Demand Slide
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and p…
Oil Price
Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60
As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently.
Saudi Arabia Has Assured India of Uninterrupted LPG Supply: Dharmendra Pradhan
India's oil minister said on Sunday he would continue to supply the country with liquefied petroleum gas.
Oil Price
After Oil Price Crash, Russia Looks for OPEC Deal
Russian officials were reportedly looking to establish another OPEC+ deal to balance oil markets.
Oil Price
The Cheapest Way For Trump To Save U.S. Oil
The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products.
Oil Price
Saudi Arabia Says no Talks on New Oil Deal, Moscow Suggests Larger OPEC+
Saudi Arabia said on Friday that it is not in talks with Russia to balance oil markets, despite rising pressure from Washington to stop a price rout, amid the c…
Uganda International Oil and Gas Summit
The Uganda International Oil and Gas Summit will examine the future of oil and gas exploration and production in Uganda, setting out the government’s vision an…
Oil & Gas Trade
Australia's Woodside Slashes $2 bln in Spending, Delays Key Gas Projects
Woodside Petroleum has halved its 2020 spending forecast and delayed the start of two of its biggest gas projects.
U.S. EPA Considers Delaying Compliance Deadline for Biofuels Law
The U.S. Environmental Protection Agency is considering whether to delay the deadline for oil refineries to comply with the nation’s biofuel regulation past Ma…
Oil & Gas Trade
Demand Destruction Foils Saudi Arabia’s Plan To Flood Europe With Oil
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for the ultra-ch…
Green Initiatives Almost Derailed The $2 Trillion Stimulus Bill
Oil prices crashed on Monday when the US Senate failed to reach a deal on the Stimulus Bill over the weekend. The idea was to quickly pass legislation that woul…
Market Analysis
Russia Will Ignore Oil Markets In G-20 Video Summit
The oil market will not be a topic of discussion at the G-20 video summit later on Thursday, the Kremlin spokesman Dmitry Peskov told reporters when asked about…
Oil and Gas Technology
First-of-its-kind Power Plant Utilizes Ethane in Combustion Mix
A new Competitive Power Ventures gas-fired power plant in Pennsylvania.
Market Analysis
Covid-19 Triggers 20% Drop in Oil Demand
The outbreak of covid-19 could have a major impact on global oil demand.
Oil Price
Can The U.S. Convince Saudi Arabia To End The Oil War?
US Secretary of State Michael Pompeo is applying verbal pressure to Saudi Arabia, encouraging the Middle Eastern country who started the oil price war to “rise…
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