Ahead of a critical meeting…
Anglo-American unveils a comprehensive plan…
Citi has forecast that oil…
The metals and mining sector will be moderately exposed as a result of the ongoing coronavirus outbreak worldwide, said Moody’s in its latest report on global sectors based…
The benchmark U.S. oil price plunged to its lowest level in 18 years early on Wednesday and Brent Crude dipped below $30 a barrel for a four-year-low, as the worsening…
Oilfield services major Halliburton will furlough 3,500 employees for two months amid a drive to cut costs in the U.S. shale industry following the oil price rout sparked by the…
The American Petroleum Institute (API) estimated on Tuesday a surprise crude oil inventory…
A dozen U.S. Republican Senators are urging the world’s top oil exporter Saudi Arabia to review plans to significantly boost oil supply to the market and lower oil prices…
The flourishing U.S. solar industry is already experiencing supply delays due to coronavirus-inflicted supply chain disruptions and may not meet the deadlines for projects to take full advantage of tax…
President Donald Trump announced on Monday that the U.S. government would be ramping up its efforts to contain the coronavirus outbreak and ease the economic impact it has caused…
Operator Petronas has evacuated its employees from an oilfield in Iraq in an effort to protect them from the spreading coronavirus, which has forced Iraq to suspend production at the…
China’s power consumption in the first two months of the year fell 7.8 percent on 2019 because of the coronavirus outbreak, Reuters reports, citing data from the National Development…
Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravated by Saudi Arabia’s decision to…
Despite the low oil prices that brought on by the combination of the coronavirus pandemic’s migration to the United States and the oil price war between Russia…
Asian refiners are increasingly looking to book smaller tankers to load oil from the Middle East as the freight costs for chartering supertankers have surged after Saudi Arabia pledged to…
Demand for dollars has spiked in Azerbaijan amid fears of another currency devaluation following a plunge in oil prices. A feud between Saudi Arabia and Russia led to a…
China’s state oil and chemicals company Sinochem doesn’t want to have anything to do with crude oil related in any way to Russian oil giant Rosneft or any of its…
Large oil companies in the United States have asked their office employees to work from home and instituted health checks for those who cannot work from home, Reuters reports.…
Saudi Aramco reported a net profit of $88.2 billion for 2019, down from $111.1 billion a year earlier as low oil prices and production curbs took their toll on…
The United States will start buying crude oil for the Strategic Petroleum Reserve within the next two weeks, with plans to buy around 77 million barrels, Bloomberg reported. The…
Benchmark U.S. oil prices plunged to below $30 a barrel early on Monday, while Brent Crude crashed by 10 percent, as the markets were spooked, rather than calmed, by the…
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude in exchange for…
Jet fuel demand will be the hardest hit fuel sector as the coronavirus outbreak spreads across the world, countries impose travel restrictions, and airlines continue to cancel thousands of flights,…