Tag: Oil
OPEC will not let oil price fall, organisation secretary-general said
The OPEC+ group of countries, according to OPEC Secretary-General Mohammed Barkind, looks to avoid further significant falls in oil prices. This is because of...
China does not follow energy trade deal agreed with the US
In the first phase of new trade deal between the US and China in January, China agreed to import energy commodities in the volume...
Saudi Aramco completed its acquisition of SABIC. A global petrochemical giant...
“This is an important step forward, which will speed up the strategic transformation of our company into a petrochemical industry giant,” Amin Nasser, CEO...
Saudi Aramco will pay dividends from cash and debt
“It will be a combination of both,” Amin Nasser, the company’s chief executive, told reporters. “We would like to use our free cash as...
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...
Goldman Sachs: oil rally will be out of breath soon
The drop should be mainly caused by uncertainty around demand for the strategic commodity, or rather speed of its recovery. The speed will depend...
The price of May WTI futures dropped below zero for the...
The U.S. WTI oil price plunged below zero for the first time ever
On Monday, the price of a oil barrel for May contracts was...
Tullow Oil as a trend in commodity trading
Shares of the British mining company rose in more than a half during last 3 trading days
On Monday, they were among 10 most powerful...
Britain’s oil demand plunged
Oil demand dropped between 50-70% due to movement restrictions in the UK
Most dealers have to cancel new orders in a reaction to the demand...
Joint oil alliance between the US and Saudi Arabia?
The Trump administration may be exploring options to convince Saudi Arabia to quit oil war with Russia
American miners suffer from the disputes the most.
Oil...
