As coronavirus fears rattle global markets, the oil industry is facing up to an uncomfortable truth: things are likely to get worse before they get better. FGE, an energy consultancy, is now forecasting that global demand growth for oil ...  +

As coronavirus fears rattle global markets, the oil industry is facing up to an uncomfortable truth: things are likely to get worse before they get better. FGE, an energy consultancy, is now forecasting that global demand growth for oil ...  +

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.   Read...  +

LNG suppliers are reaching out to potential alternate buyers in Asia and Europe to sell cargoes diverted from China following the coronavirus outbreak, as they scramble to cut floating storage positions they have been forced to hold even...  +

Oil prices today hit their lowest level since January last year as fears about the impact of the coronavirus on the world economy grew.   Read Article  +

Saudi Arabia is unlikely to start exporting gas despite plans to invest $110 billion to develop its biggest unconventional gas field, although the asset could help wean the kingdom off burning crude for power generation, according to ana...  +

Indian refining companies are snapping up rare crude grades as the coronavirus outbreak curtails China's demand for processing, executives and traders said, with prices for some grades falling by as much as 15%.   Read Article  +

Indian refining companies are snapping up rare crude grades as the coronavirus outbreak curtails China's demand for processing, executives and traders said, with prices for some grades falling by as much as 15%.   Read Article  +

Saudi Arabia is unlikely to start exporting gas despite plans to invest $110 billion to develop its biggest unconventional gas field, although the asset could help wean the kingdom off burning crude for power generation, according to ana...  +

Saudi Arabia is considering a break from its four-year oil-production alliance with Russia, according to people familiar with the matter, as China’s coronavirus outbreak contributes to a drop in global oil demand. [Article behind paywall...  +