The Coronavirus pandemic has had a devastating impact on global oil markets, but natural gas companies are also facing declines.
Will oil markets recover soon? Why is the upcoming oil price cycle so important to the world? Partial recovery in oil and the start of fuel demand in Asian markets!
The global oil sector suffers from a combination of negative oil prices, excess storage space, declining demand, and calls for a renewable energy revolution in the post-Covid-19 era.
Nigeria's anti-graft agency said Tuesday it had filed corruption charges against a former justice minister over a $1.3 billion dollar oil scandal involving international majors Shell and Eni.
Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran's proven reserves by over a third.
Energy expert and former Austrian Foreign Affairs Minister Dr Karin Kneissl tackled the ‘The Future of the Automotive Industry and Its Impact on Oil and Gas Producing Countries’ in her lecture, held recently in Doha.
Russia will find ways to help Cuba secure supplies of oil and petroleum products, Russian Prime Minister Dmitry Medvedev said in an interview broadcast on Saturday.
Oil prices fell on Monday, pushing US crude to the lowest in more than two weeks, as an intensifying trade war between the US and China undermined confidence in global economic growth.
Portuguese police escorted fuel trucks on Monday to supply petrol stations at the start of a tanker drivers' strike, an AFP reporter said.