opec to try to stem oil price plunge amid coronavirus slowdown OPEC to try to stem oil price plunge amid coronavirus slowdown

14:18 | 03/03/2020

The OPEC club of oil-producing countries meets Thursday (Mar 5) in Vienna as they weigh how to react to a sharp drop in global oil ...

opec chops global oil demand growth forecast over china virus OPEC chops global oil demand growth forecast over China virus

09:40 | 13/02/2020

The OPEC oil cartel on Wednesday (Feb 12) lowered its forecast for growth in global oil demand this year by nearly a fifth due to ...

novel coronavirus highlights opec reliance on chinese oil demand Novel coronavirus highlights OPEC reliance on Chinese oil demand

11:43 | 06/02/2020

Fears of an economic slowdown, fuelled by the novel coronavirus slashing output in China, has shone the spotlight on OPEC, whose oil is heavily bought ...

oil market chilled by virus impact on china growth Oil market chilled by virus impact on China growth

09:18 | 01/02/2020

Oil prices have fallen victim to economic worries sparked by a deadly virus spreading from China, the world's second-biggest economy and a huge consumer of ...

business wary of 2020 oil projections Business wary of 2020 oil projections

09:00 | 16/01/2020

While global oil supplies in 2019 were vulnerable, the fluctuations have not affected long-term petrol prices, yet business plans for some in the market in ...

iraq warns of collapse if trump blocks oil cash account at the fed Iraq warns of 'collapse' if Trump blocks oil cash account at the Fed

08:49 | 14/01/2020

Iraqi officials fear economic "collapse" if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 ...

oil spikes after iran attacks us forces Oil spikes after Iran attacks US forces

12:41 | 08/01/2020

The price of oil spiked Wednesday (Jan 8) after Iran launched revenge attacks on US forces in Iraq, making good on its pledge to hit ...

opec agrees oil output cuts after much brain squeezing OPEC agrees oil output cuts after much 'brain squeezing'

09:42 | 07/12/2019

The powerful OPEC group of oil producers and its allies reached a deal on Friday (Dec 6) to cut production by 500,000 barrels per day ...

socar trading becomes crude oil supplier of dung quat refinery SOCAR Trading becomes crude oil supplier of Dung Quat refinery

15:37 | 03/12/2019

BSR decided to add Azeri crude oil to the list of strategic materials in 2020 and upcoming years.

brazil oil auction raises disappointing us 17 billion official Brazil oil auction raises disappointing US$17 billion: Official

10:13 | 07/11/2019

Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday (Nov 6), officials said, well short of expectations ...

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