Organizations
IEA experts discuss improving energy efficiency in response to the Covid-19 crisis

The International Energy Agency (IEA) on Tuesday, April 21, 2020 coordinated a meeting of the Global Committee for Urgent Action on Energy Efficiency to discuss the vital role which can play in...

Read more
The Saudi Cabinet declares its solidarity with the OPEC+ allies and other oil producers to stabilize the oil markets

The Council of Ministers in the Kingdom of Saudi Arabia stated on Tuesday, April 21, 2020, that the Kingdom is monitoring oil markets and is ready to take additional measures to achieve stability in...

Read more
Saudi Arabia cuts its production to 8.5 million barrels per day in May 2020

A few days ago, Saudi Aramco sources said that they would cut production to 8.5 million barrels per day during May 2020, as part of OPEC+ agreement with Russia and other major oil producers.  Under...

Read more
After a historic decline .. US oil price is back to rise above the zero level ($ 0)

The price of US oil, WTI, rose again above zero on Tuesday, April 21, 2020, after falling to zero for the first time, due to lower demand on global energy markets, where demand fell by about a third,...

Read more
Russia cuts oil production by 2.5 million barrels per day, starting in May 2020

Russian industry sources confirmed on Monday, April 20, 2020 that the Russian Energy Ministry asked local oil producers to reduce oil production by about 20% from the February 2020 average levels,...

Read more
Kuwait Oil Company to cut production by 646 thousand barrels per day to implement its share of the (OPEC+)

Kuwait Oil Company is developing a plan to implement OPEC’s new decision by cutting Kuwait oil production by 646 thousand barrels per day in order to reduce the world oil glut in the market and to...

Read more
Oman will cut oil production by 23% in May & June 2020

The Omani Ministry of Oil and Gas said on Tuesday, April 14, 2020 that it will cut oil production by 23% in May and June, to comply with the OPEC+ cutoff agreed on Sunday, April 12, 2020, and...

Read more
Oil prices to fall amid news of delaying the Saudi and Russian talks

Global oil prices fell after the meeting of Saudi Arabia and Russia on the trend to cut production was postponed as the spread of the Corona virus affected demand, BBC reported. Trump expected Saudi...

Read more
Iraq Warns of the Collapse of Oil Prices Due to Abundant Supplyً

A spokesman for the Iraqi Oil Ministry said on Monday, 9th March 2020 that pumping more oil to the markets in these circumstances will lead to a price collapse because the Saudi Aramco company...

Read more
KOTC Takes Delivery of Massive Gas Tanker

On Tuesday, 10th of March 2020, the Kuwait Oil Tanker Company (KOTC) received the huge LNG carrier “Umm Al-Ruwaisat” as part of a comprehensive overhaul of the company’s fleet, according to...

Read more
© 2010 - 2021 . All Rights Reserved