Articles
IEA to step up support for Iraq's power and gas sector
The country's oil revenue could fall as much as 70% in 2020, says the agency
IEA softens outlook for drop in oil demand for 2020 but says risks remain
The Paris-based agency revised its annual oil demand forecast upwards by 700,000 bpd
Opec makes further revisions to demand outlook as members deepen cuts
Opec+, an alliance of top oil producers, is trimming output by 9.7m bpd in May and June
Saudi Arabia and Russia pledge commitment to oil market stability
Riyadh said it would cut an additional 1m bpd in June
Pandemic risks derailing clean energy progress, says the World Economic Forum
The UAE ranks third in the Mena region for energy transition preparedness
Aramco's Q1 net profit slides 25% on lower oil prices and Covid-19
The world's largest oil exporting company is cutting back output as part of a global alliance
Oil rises as Saudi Arabia pledges to cut another 1 million bpd
Latest voluntary commitment brings world's largest oil exporter's output to lowest in 18 years
Oil poised for strong start to week as production shut-ins continue
Around 17m bpd of liquids production is expected to be capped between April and June this year, according to IHS Markit
Mena upstream investments less vulnerable than global peers
A decline in upstream oil investments is likely to be offset by investments in the gas value chain, Apicorp's chief executive said
Aramco says its operations remain uninterrupted amid Covid-19
Saudi Arabia, where Aramco is headquartered, enforced a strict lockdown and suspended international flights to contain the virus
Finablr uncovers additional $1bn in hidden debt
Investment bank Houlihan Lokey said the funds may have been used for purposes outside the company
World Bank sanctions $20m in healthcare assistance for Tunisia
The funding follows the IMF's provision last month of a $745m emergency loan to tackle the Covid-19 outbreak
Saxo Bank predicts Brent could recover to $50-70 levels by first half of 2021
WTI's plunge to -$40 earlier this month is a recurring risk as long as storage options in the US remain constrained
Global energy industry faces biggest shock in 70 years, IEA says
Global emissions have fallen by about 8% following the grounding of aircraft and slowdown in private and public transport.
Wintershall Dea anticipates project deferrals and possible IPO delay
Exclusive: The German company's onshore operations in Libya have completely ceased following the force majeure on exports
