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 moreA 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 moreRussia announced a few days ago that it will not support further cuts in oil production from OPEC+. This was followed by a notable decline in crude oil prices, to reach today at $37 a barrel (Brent...
Read moreSources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...
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