Historic day for oil markets as WTI crude crashes below zero for first time, settles at negative $37.63
Oil futures collapsed to below zero for the first time ever as the deepening economic turmoil caused by the coronavirusContinue Reading
Category: Oil & Gas
OPEC and allies finalize record oil production cut after days of discussion
KEY POINTS OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 millionContinue Reading
Saudi state TV: OPEC deal includes 10M barrel a day cut
DUBAI, United Arab Emirates (AP) — A proposed reduction in oil production by OPEC and other oil-producing countries involves aContinue Reading
U.S. crude hits 17-year low as lockdowns, restrictions spread
LONDON (Reuters) – Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-yearContinue Reading
Oman denies it has agreed to invest in Sri Lanka oil refinery project
NEW DELHI (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build anContinue Reading
Indian-Omani group strikes $3.85 bln deal to build Sri Lanka oil refinery
COLOMBO, March 19 (Reuters) – India’sAccord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion dealContinue Reading
Oil rises toward four-year high as Iran sanctions loom
LONDON (Reuters) – Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations thatContinue Reading
Domestic fuel prices in Qatar set to be highest from tommorrow
Qatar Petroleum has announced diesel and gasoline fuel price figures for the month May and patrons at the pump canContinue Reading
US to overtake Russia as top oil producer by 2019 at latest: International Energy Agency
TOKYO (Reuters) – The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest,Continue Reading
Russia hopes to surpass Qatar to become the world’s biggest exporter of the chilled fuel
Sabetta (Russia) (AFP) – President Vladimir Putin on Friday launched a $27 billion liquefied natural gas plant in the snow-coveredContinue Reading
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