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March 2020

March 2020
2020, March, 10, 13:35:00
RUSSIA'S OIL PRICE: $25-30
On Friday, Russia refused to sign a deal with OPEC and its non-OPEC allies on additional production cuts for the rest of 2020 to counter the fall in demand caused by the spreading coronavirus outbreak.
March 2020
2020, March, 10, 13:30:00
SAUDI ARABIA'S OIL PRODUCTION GROWTH
Saudi Arabia has said it could raise production to 12 million barrels per day,
March 2020
2020, March, 10, 13:25:00
ARAMCO'S IPO PROBLEMS
On Monday, Aramco shares opened trading at Riyals 27 ($7.19) before rising modestly to close at Riyals 28.35. That is 11.4% below its IPO price, prompting the company's valuation to slide to about $1.5 trillion from $1.7 trillion in December, in the wake of Friday's failure by OPEC and Russia to reach a deal on oil production cuts.
March 2020
2020, March, 10, 13:20:00
U.S. UNEMPLOYMENT 3.5%
the U.S. unemployment rate was little changed at 3.5 percent
March 2020
2020, March, 9, 15:00:00
OIL PRICE: ABOVE $35
Brent were down 22% at $37.05 a barrel, WTI fell by more than 24%, to $33.20 a barrel,
March 2020
2020, March, 9, 14:55:00
SAUDI'S OIL PRICES DOWN
A Saudi industry source said the world's biggest oil exporter is merely responding to Novak's comments that as of April 1, countries are no longer bound by their quotas. The current OPEC+ agreement to cut 1.7 million b/d winds up at the end of March.
March 2020
2020, March, 9, 14:50:00
OPEC RECOMMEND 1.5 MBD
OPEC recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.
March 2020
2020, March, 9, 14:45:00
GAZPROM, OMV NEGOTIATIONS
Gazprom, OMV have agreed, inter alia, to extend until June 2022 the negotiations for the final agreement on the deal.
March 2020
2020, March, 9, 14:40:00
CANADA, UK NUCLEAR COLLABORATION
Canadian Nuclear Laboratories and the UK's National Nuclear Laboratory have agreed an action plan to boost collaboration in energy, medical isotopes, waste management and decommissioning, while the Canadian Nuclear Association and the UK's Nuclear Industry Association have signed a Memorandum of Understanding to collaborate in promoting nuclear technologies. Canada's 19 nuclear power reactors produce 15% of the country's electricity. The UK's 15 nuclear power reactors, operating across eight sites, account for 21% of that country's generation.
March 2020
2020, March, 9, 14:35:00
IRRATIONAL NUCLEAR DIFFICULTIES
how to counter the fear factor, thereby allowing the use of nuclear power as a clean source of energy