Egypt Sentences Five People To Death For Deadly Oil Pipeline Explosion
An Egyptian criminal court sentenced this week five people to death for oil pipeline damage that killed nine people in November, Egyptian media?report. Five other people who were involved?
Here's What Oil Traders Are Doing To Profit From Ultra-Low Oil Prices
Some of the world's major oil traders are looking to take advantage of the abnormally low oil prices,?Reuters reported?on Friday, citing shipping sources, as WTI falls below $22 per?
China's biggest oil and gas producer PetroChina said it would adjust its previously approved capital expenditure (CAPEX) for this year as Chinese state oil majors join?other oil firms in?
Iraq, one of the oil producers worst hit by the oil price crash, is proposing that all foreign oil firms operating in OPEC's second-largest producer cut their budgets by 30?
The global oil market could return to balance in at least one year, all things being equal as-is, Russian Deputy Energy Minister Pavel Sorokin?said?at a forum in Russia on?
Trump Relaxes Environmental Regulations To Counter Coronavirus Impact
As the COVID-19 outbreak continues to weigh on the global economy, the Trump administration has quietly relaxed regulatory measures meant to protect the?
Caught in the Saudi-Russian oil price war, Africa's largest oil producer, Nigeria, has discounted deeply its crude and aims to pump as much as it can, trying to retain customers?
LNG Producers Dump Spot Cargoes On Oversupplied Market
Amid plunging gas demand, LNG producers are under pressure to dump their cargoes on the spot market, further depressing already low prices, Reuters?reports, citing commodity trading sources. ?We're seeing?
IEA Boss Warns Demand Will Plunge By 20 Million Barrels Per Day
Global oil demand could fall by about?20 million barrels per day, EIA's Executive Director, Fatih Birol said in a Thursday press briefing, according to Bloomberg. As 3 billion people?
