Tag Archives: oil prices

[ad_1] The OPEC + technical meeting ended Monday with widespread support for a three-month extension of the current level of oil production cuts, sources told Reuters Monday. OPEC sources hinted last week that many members were in favor of extending the production cuts that were expected to fall by 2.0 …

[ad_1] Satellite internet … will it reach the Arab world? Tuesday – 1 Rabi Al Thani 1442 AH – November 17, 2020 AD Edition n. [ 15330] Star Link satellite internet project London: Hisham Al Kawha Ever since famed billionaire Elon Musk announced on May 23, 2019 that SpaceX had …

[ad_1] For those who have been paralyzed by oil demand forecasts over the past eight months, the recent news that Pfizer’s Covid-19 vaccine is 92% successful likely came with renewed hope that oil demand could finally rise and bringing the industry out of its languishing stasis since the start of …

[ad_1] When every presidential election is held in the United States, a question is asked in all the capitals of the world; “What are the implications for us of this candidate’s victory?” While Americans are busy looking at candidates ‘best domestic policies and examining their personalities, overseas politicians and analysts …

[ad_1] The American Petroleum Institute (API) reported on Tuesday a major drawdown in crude oil inventories of 5.147 million barrels for the week ending November 6. Analysts had predicted an inventory draw of only 913,000 barrels. In the previous week, the API reported an incredibly large drawdown in oil inventories …

[ad_1] Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of its ambition to be a net-emission company by 2050 or sooner, the supermajor said Tuesday. Pulau Bukom is home to the largest wholly owned Shell …

[ad_1] This year has been turbulent for global energy markets. The COVID-19 pandemic and the March 2020 price plunge sent markets into a tailspin, which saw the North American West Texas Intermediate oil price benchmark plummet into negative territory for the first time in history. Those events, together with the …

[ad_1] On Friday evening the Moroccan authorities decided to tighten measures to fight the Corona virus in the Greater Casablanca region, as well as in the nearby cities of Berrechid and Benslimane, starting today (Sunday) for a period of four weeks, due to the outbreak. of the “Covid-19” epidemic. A …

[ad_1] Saudi Finance Minister Muhammad Al-Jadaan underlined, during a hypothetical meeting of the Group of Twenty, chaired by Saudi Arabia with the International Monetary Fund, to discuss “increasing opportunities in Arab countries”, the difficulty of determining the depth of the impact of the “Corona” pandemic, revealing that the share of …

[ad_1] Tunisia records an increase in cases … and injured in the Zaatari camp in Jordan Yesterday the World Health Organization announced that the number of cases of the “Covid-19” epidemic in the Eastern Mediterranean region has exceeded two million, warning that some countries that have managed to control the …