An Oil and Petroleum Company
Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. The world is awash in crude oil, and is slowly running out of places to put it. Massive, round storage tanks in places like Trieste, Italy, and […]
Coronavirus impact: The world is running out of places to store its oil Read More »
Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session WTI fell to a session low of $28.03 per
Oil drops nearly 10%, breaking below $29 as demand evaporates … from CNBC.COM Read More »
” raq needs a positive impetus to leave behind the travails of 2019 – the widespread demonstrations, the geopolitical flare-up engendered by the assassination of Major General Soleimani in Baghdad, the fall of the Abdul-Mahdi government – and demonstrable success upstream might provide a new narrative for the embattled country’s oil industry. Cognizant of this
Iraq Plans Production Surge In The Face Of New OPEC Cuts Read More »