2020, April, 3, 12:15:00OPEC+ DISCUSSES REDUCTION
The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day
2020, April, 3, 12:10:00#OilPriceWar: SAUDI ARABIA CALLS OPEC+
"It's impossible to take measures to reduce OPEC+ production by 20 million b/d, this is probably half of all countries' total production," Novak said
2020, April, 3, 12:05:00#OilPriceWar: OPEC+ NOT ENOUGH
Russian energy minister Alexander Novak said a coordinated OPEC+ production cut would not be enough to compensate for the fall in demand caused by the coronavirus pandemic, which he said could reach 20 million b/d.
2020, April, 3, 12:00:00#OilPriceWar: RUSSIA'S OIL PRICE $20
Urals crude, Russia’s export blend, is now trading firmly below $20 a barrel, a level which could equate to a budget deficit of 2% of gross domestic product this year,
2020, April, 2, 14:55:00#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
Saudi Arabia is following through on its threat to flood the market, after Russia last month rejected a Saudi-led OPEC proposal for significant production cuts to backstop already sliding oil prices from the coronavirus pandemic's impact on the global economy.
2020, April, 2, 14:50:00#OilPriceWar: U.S. NEED THE RESCUE
Podcast/Audio - US lawmakers from oil-producing states are trying to increase pressure on the White House to do something to help drillers getting hammered by plummeting prices -- from aggressive diplomacy to banning crude imports.
2020, April, 2, 14:25:00ABU DHABI CLEAN ENERGY
The MoU aims to facilitate the development of two Waste-to-Energy (WtE) plants – in Abu Dhabi and Al Ain – which, upon completion, would have the potential to transform up to 1.5 million tonnes of municipal waste into energy every year and collectively reduce CO2 emissions by approximately 2.5 million tonnes annually – equivalent to the removal of more than 500,000 cars from the road.
2020, March, 31, 13:30:00IRAQ'S OIL PRICE $20
Iraq is selling around 70% of its crude exports to Asia,
2020, March, 31, 13:20:00KUWAIT GDP GROWTH 1.5%
Kuwait's nonoil growth strengthened to estimated 3 percent in 2019, propelled by government and consumer spending.
2020, March, 30, 10:25:00#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
2020, March, 30, 10:20:00#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
2020, March, 30, 10:15:00#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020
2020, March, 30, 10:10:00OIL FUNDS ACCUMULATIONS $225 BLN
Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities,
2020, March, 26, 11:40:00#OilPriceWar: U.S. NEED HELP
Some US shale producers have been pressuring the Trump administration to intervene in the price war, which broke out after Russia earlier this month declined to go along with an OPEC proposal for production cuts to prop up prices.
2020, March, 26, 11:35:00#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.