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Oil Price
G-20, OPEC Working to Rebalance Oil Market
Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic.
Oil Price
India Pitches for Stable Oil Market, Says it Will Remain Growth Engine of World
Amid high volatility in international markets, India, world's third largest oil consumer, on Friday pitched for a stable oil market that provides reasonable p…
Crude Oil
Global Oil Producers Agree On Joint 10 Million Bpd Output Cut
OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Toda…
Oil & Gas Trade
Iran doesn't Agree with Holding OPEC+ Meet Without Clear Outcome
Iran’s Oil Minister, Bijan Zanganeh, said his country does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome fro…
Oil Price
Oil Rises 3% on Hopes for Output Cut as Coronavirus Ravages Demand
Oil prices rose on Tuesday as hopes grew that the world's major oil producers would agree to cut production.
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 & 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…
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
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…
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 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…
Oil Price
Not Even The $2 Trillion Stimulus Package Can Save Oil Markets
The package would provide $2 trillion in funding, allocated directly to the White House’s plan which includes purchasing 77 million barrels of oil for the Stra…
Shell Pauses $25bn Share Buyback Scheme Amid Oil Market Disruption
Weak demand and falling prices have persuaded Shell to suspend its share buyback scheme for the year, as French major Total follows suit.
Oil Price
Oil Prices Can Go as Low as $20 Per Barrel, Level Not Sustainable for Any Country
Starting in April, major oil producers are planning a big increase in production.
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