The 2020 OPEC World Oil Outlook (WOO) was launched on Thursday (Oct. 8) in Vienna, Austria.
Global oil demand is unlikely to return to pre-crisis until 2022, following the biggest downturn in oil market history, the International Energy Agency (IEA) reported on Tuesday.
With the oil industry under pressure, Norway's state-controlled oil company Equinor announced Thursday (April 23) it will cut its quarterly dividend payment to shareholders by two-thirds. Western Europe’s biggest crude producer said its first-quarter cash pay-out to share
Oil prices plunged over 30% on Monday (March 9) suffering the biggest decline since the 1991 Gulf War, following a collapse in talks between Saudi Arabia and Russia at the OPEC+ meeting in Vienna last week.
The biggest change in the oil and shipping industry in decades is set to come into force in less than a month.
Oil prices fell on Monday (Nov. 11) as investors feared the United States and China are not that close to resolving their ongoing trade dispute. Brent crude was down 69 cents, or 1.1%, at $61.82 by 0730 GMT while U.S.
Multiple drone attacks on key Saudi Arabian oil facilities over the weekend, have shaken up world markets.
Croatia awarded permits to four companies for gas and oil exploration on six blocks in the country’s flat northern areas.
Crude oil prices rose on Monday (June 24), extending gains to a third straight session, amid a backdrop of rising geopolitical tensions.
Oil prices dropped more than 4% on Thursday, extending steep losses from the previous session, as U.S. crude stockpiles ballooned and the ongoing trade war between the United States and China is jeopardising the outlook for global economic growth