October 2020

Just after global oil demand crashed by 20 percent in April, analysts predicted that consumption would recover in the second half of 2020 and, supported by the OPEC+ production cuts and U.S. curtailments, would help the oil market to rebalance.    By July, oil demand had recouped most of the losses incurred during the second quarter, but […]

UPDATE: This story has been updated to include comments from the U.S. State Department, which were provided shortly after initial publication. The U.S. government has shortened the duration of a new sanctions waiver allowing Iraq to continue energy imports from Iran — a sign of enduring tensions between Baghdad and Washington. The new 60-day waiver