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Suez Canal is free, oil responds with downturn

A huge boulder from the heart fell to all who watched several days' drama set in the Suez Canal. The 400-metre-long container ship, which had been blocking the canal for several days, sailed again and a key artery of sea traffic managed to dislodge.

Oil production in Russia fell to a nine-year low last year

Russia supplied more than 512 million tons of oil to the world market last year. Compared to 2019, there was a decrease of less than...

BP oil company will record up to USD 17.5 billion due...

Coronavirus pandemic could cost British Petroleum up to $17.5 billion, which is a value that the company predicts its assets value to drop. BP...