Oil refiners worldwide are reducing output or considering production cuts as the coronavirus outbreak keeps people at home and paralyses air travel, causing an unprecedented drop in fuel demand.   Read Article  +

Indian state retailers have sold 10-11% less refined fuel in the first two weeks of March than in the same period of 2019 as coronavirus cut transportation and industrial activity, the country’s top refiner and fuel retailer Indian Oil C...  +

Indian state retailers have sold 10-11% less refined fuel in the first two weeks of March than in the same period of 2019 as coronavirus cut transportation and industrial activity, the country’s top refiner and fuel retailer Indian Oil C...  +

Global oil spare production capacity could fall in April as Saudi Arabia and the UAE bring more supply to the market following the collapse of output restriction pact.   Read Article  +

Global oil spare production capacity could fall in April as Saudi Arabia and the UAE bring more supply to the market following the collapse of output restriction pact.   Read Article  +

Abu Dhabi National Oil Co., which currently pumps around 3 million b/d, can speed up plans to boost production capacity to 5 million b/d before 2030 as it spends as much as $30 billion on fields and accelerates exploration awards, analys...  +

Abu Dhabi National Oil Co., which currently pumps around 3 million b/d, can speed up plans to boost production capacity to 5 million b/d before 2030 as it spends as much as $30 billion on fields and accelerates exploration awards, analys...  +

Saudi Arabia and Russia are at war of sorts. They had teamed up on oil production, and thus prices, in light of US shale output, but when Riyadh wanted to cut production to keep prices stable in light of a nosedive in demand, partly due ...  +

Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices.   Read Article  +

Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices.   Read Article  +