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Mexico's President Fears The Economic Consequences As Oil Prices Go Negative

The oil price meltdown will affect Mexico's economy and is bound to deepen the global economic crisis, Mexican President Andr?s Manuel L?pez Obrador?said?on Tuesday, a week after he clinched?

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Are Negative Oil Prices About To Become The New Normal?

It was only six years ago that financial professionals thought they had stumbled into the twilight zone when central banks first ushered?

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Alexandria Ocasio-Cortez Rejoices At Negative Oil Prices

Congresswoman Alexandria Ocasio-Cortez rejoiced at the news that U.S crude oil prices had dropped into negative territory earlier this week, tweeting ?You absolutely love to see it.? In the?tweet,?

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U.S. Energy Exports Top Imports For The First Time Since 1952

Thanks to lower net imports of crude oil and higher net exports of natural gas, the gross U.S. energy exports hit a record-high in?

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Russian Oil Major To Cut 290,000 Bpd As Crude Falls Into Negative Territory

Lukoil, the second-largest oil producer in Russia, plans to slash its crude oil production by 18 percent, or by 290,000 bpd, as part of the new OPEC+ production cut deal,?

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COVID-19 Could Kill China's $3.8 Trillion New Silk Road

The BRI is a far-reaching plan for transnational infrastructure development, linking five continents through land and sea corridors and industrial clusters. Launched in 2013, it was initially planned to revive?

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Kurdistan Commits To OPEC+ Oil Output Cut

Kurdistan is committed to the OPEC+ oil production cut deal and will reduce output accordingly, the government of the semi-autonomous Iraqi region?said?in a statement following a meeting between Kurdish?

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Nigeria Releases 22 ExxonMobil Employees

Nigerian authorities in the Rivers state have freed 22 Exxon employees who were arrested last week and quarantined for breaching a coronavirus containment order that restricts movement across the state.?

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Shell Pushes Forward With $6.4 Billion Gas Project Despite COVID-Crisis

Shell has announced the final investment decision on the $6.4-billion Surat Gas Project in Queensland, Australia, the company?said?in a press release. The project will produce some 90 billion cu?

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Mexico's Pemex Makes Unusual Move With Call For Joint Venture Opportunities

Mexico's Pemex is looking for joint venture opportunities, the country's energy regulator said. That's despite the president's decision to suspend all new bidding rounds and review all contracts with foreign?

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