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Coronavirus: Oil industry set for shut downs, can’t ‘dodge this bullet,’ warn experts

Wednesday, 20 May 2020

Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about ......

Kuwait slashing oil supply ahead of OPEC+ schedule: Oil minister

Wednesday, 20 May 2020

Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan ......

The US created a deathtrap for its own oil industry in Cushing, Oklahoma

Wednesday, 20 May 2020

Cyril Widdershoven is a Middle East defense energy analyst and the Director at Verocy B.V., a consultancy based in the Netherlands, and Global Head Strategy & Risk of Berry Commodities Fund.

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Oil extends recovery above 21-year low as oversupply concerns remain

Wednesday, 20 May 2020

Oil held above this week’s 21-year lows in Asia but remains in the emergency room amid a global ......

The case for a new Saudi oil policy in a reborn global energy market

Wednesday, 20 May 2020

Ali Shihabi is a former banker and founder of the Arabia Foundation.

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Trump tells energy, treasury secretaries to make funds available for US oil industry

Wednesday, 20 May 2020

US President Donald Trump has told the secretaries of energy and treasury to come up with a plan to ......

US oil price crash a warning signal for Middle East producers: Experts

Wednesday, 20 May 2020

The historic crash into negative prices for US crude oil futures should be seen as a warning for ......

ADNOC to cut oil supply following OPEC+ output agreement: Sources

Wednesday, 20 May 2020

Middle East oil producer Abu Dhabi National Oil Co (ADNOC) has informed term buyers it will reduce ......

Russia tells oil producers to cut output 20 pct in line with OPEC+ oil deal: Sources

Wednesday, 20 May 2020

The Russian energy ministry has told domestic oil producers to reduce oil output by around 20 ......

US crude falls below $17 a barrel as coronavirus pandemic throttles global demand

Wednesday, 20 May 2020

US crude on Monday fell below $17 a barrel to fresh multi-year lows as the coronavirus pandemic ......

Saudi Arabia, Russia ready to take further action on oil market if necessary

Wednesday, 20 May 2020

Saudi Arabia and Russia are prepared to take further measures jointly with OPEC+ and other producers ......

Coronavirus: OPEC says oil market is undergoing ‘historic shock’

Wednesday, 20 May 2020

OPEC on Thursday again cut its forecast for 2020 global oil demand due to the “historic shock” ......

Oil market demand in April to fall to 25 year low: IEA

Wednesday, 20 May 2020

The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive ......

Coronavirus: Texas oil producers clash on supply cut after historic OPEC+ deal

Wednesday, 20 May 2020

US oil producers clashed over whether to contribute to global oil cuts in a lengthy debate organized ......

Saudi Arabia had no intent to damage US shale oil industry: Energy minister

Wednesday, 20 May 2020

Saudi Arabia had no intention “to create any type of damage” to the US shale oil industry, the ......

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