Tag: Oil
Kuwait backs any OPEC decision on oil production volumes
Kuwaiti officials have said they are ready to support any decision by OPEC and its allies to extend restrictions on oil production until next...
Global demand for oil is returning, says ConocoPhillips
Oil is said to prove to be an essential part of the energy mix regardless of the coronavirus pandemic.
Who will mess with the oil market will burn itself badly,...
Saudi Arabia's energy minister, Prince Abdulaziz bin Salman warned oil traders against messing with the market. Anyone who wants to push the price of...
OPEC is seriously considering limiting oil production. It’s too much on...
OPEC+ countries, such as OPEC, Russia and other major oil exporters, are said to be considering limiting daily oil production by more than two million barrels. This is apparent from documents available to Reuters.
Oil export from Russia to the US keeps growing, and so...
The US imported more than $3 million tons of oil from Russia in July. Apart from replacing Venezuela supplies, there’s another reason – Russia...
American data were published and oil price dropped
Texas WTI oil lost 5% of its value right after Trump expressed his idea of postponing November presidential elections. And Brent oil dropped in...
Kuwait ditched large solar project, partly due to coronavirus
“The cabinet decided to cancel further steps on the project due to coronavirus pandemic and its impacts on the global oil and financial markets,”...
European oil refineries to undergo restructuring
Before the coronavirus pandemic was at its strongest, many analysts pointed out to the need of destructuralization a capacity rationalization of European oil refineries....
Oil price keeps growing, Brent oil over $41 per barrel
Transportation has returned to 2019 levels in some major capitals as data provided by tech company TomTom show. As the transportation supports growing demand...
OPEC+ members met, yet didn’t discuss prolonging of oil production cuts
The Organization of the petroleum exporting countries and its allies associated in OPEC+ group, agreed on oil production cuts of roughly 10 million barrels...
