China shares in biggest fall in four years, Fears over the coronavirus triggered a sharp fall in Chinese shares when the market reopened after the Lunar New Year holiday.
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Oil prices slide as coronavirus spreads
After a brief respite, oil prices headed lower on Thursday as coronavirus continued to spread.
Brent crude, the international benchmark for buyers and sellers of oil, is down 1% at $59.18 a barrel.
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The shipping industry tends to do badly when Chinese demand disappoints, but the outbreak of the coronavirus has done more than just damage the amount of cargo that needs to be transported.
https://t.co/RSN2GT2i56
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Oil Slides After Virus Curbs China Demand. Oil extended the worst start to a year since 1991 after China’s oil consumption was said to plunge by 20% amid efforts to control the spread of coronavirus.
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US Natural Gas Prices Continue Freefall This Winter.
After the lowest summer U.S. natural gas prices since 1998, the market has continued to fall this winter 2019-2020. The cold weather has simply not arrived.
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Facing economic collapse and painful sanctions, the Nicolas Maduro has proposed giving majority shares and control of its oil industry to big international corporations, a move that would forsake decades of state monopoly.
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China on Monday allocated 4.4 billion yuan (about 640 million U.S. dollars) to support the battle nationwide against the novel #coronavirus (2019-nCoV): Ministry of Finance (MOF)
The Three Countries Vying For Ultimate Power In The Middle East
Iran, Turkey & Qatar
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Almost 45% of the world’s primary energy goes into producing electricity. Decarbonising this sector is key to reaching net-zero. So, what does this involve? Find out in the latest episode of Energy Illustrated
As part of its global program to sell assets, ExxonMobil is about to launch a process to sell its upstream oil and gas operations in the UK and Germany, Bloomberg reported on Thursday, quoting people familiar with the plans.
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As it struggles with its energy needs, Iraq is set to hold a fifth bidding round for exploration and development of natural gas fields in an eastern province of the country.
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"We’ve taken control of the oil in the Middle East,” President Trump claimed on Friday afternoon, in response to criticism over his handling of US troop movements out of Syria.
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Aramco will have its oil production capacity fully restored happen by the end of next month, chief executive and chairman Amin Nasser said at an industry event in London as quoted by CNBC.
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Iran’s priority in continuing to optimise its oil industry exports despite ongoing U.S. sanctions is to push the pace of development 1- multiple fields that constitute the West Karoun area and 2- of the fields it shares with Iraq.
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Under the Renewable Fuel Standard (RFS), oil refiners are required to blend growing amounts of renewable fuels into gasoline and diesel. The Midwest farm belt benefits from the policy, but
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