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Saudi Aramco’s CEO Opens Up: Oil Demand Too Weak To Ease OPEC+ Output Cuts

By Tsvetana Paraskova Global demand currently is not supportive for OPEC+ easing the oil production cuts on January 2021, Ibrahim Al-Buainain, president and chief executive...

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BP’s CEO: 2nd Wave Of COVID Hits Oil Demand Harder Than Expected!

*By Tsvetana Paraskova The second wave of coronavirus cases in the world is impacting global oil demand “maybe a little bit more than we thought”...

Economy

Oil Crisis: OPEC In Trouble As Oil Outlook Worsens, Says Slav, An Oil Analyst

By Irina Slav Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow Libya. The...

Economy

Oil Crisis: Why OPEC Cut Oil Demand Forecast For 2020 , By Energy Expert

By Tsvetana Paraskova OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million...

Business

Oil Slips As Demand Fears Outweigh Strong U.S. Stocks Draw

Oil prices eased on Wednesday on concerns that U.S. fuel demand may not recover as quickly as expected amid stalled talks on an economic...

Energy

Oil Price Threatened Over Iraq’s Non-Compliance With Oil Cut Deal

Ahead of the Organization of Petroleum Exporting Countries and non-member countries known as OPEC+ Technical Monitoring Committee Meeting next week, there is a palpable...

Business

FX Scarcity: FG Bans Importation Of Barite To Save $300m Annually

Following the recent ban on the importation of maize by the Central Bank Of Nigeria, CBN, Barite, a naturally occurring mineral used in the...

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