MOSCOW: Measures to contain the spread of the coronavirus have cut oil demand in the United States, Europe and China by around 15-20 million barrels per day, Russian Deputy Energy Minister Pavel Sorokin told RBC TV on Friday.The coronavirus epidemic has forced govenments around the world to try to curb its spread. Entire countries have […]
LONDON: Oil and gas producer Cairn Energy on Friday reduced investment plans by about a fifth, following the fall of oil prices to less than $30 a barrel.Cairn and its partners, including Woodside and FAR , were assessing “substantial initiatives to reduce and re-phase” investment in the $4.2 billion Sangomar oil development project in Senegal, […]
coronavirus pandemic worsens, leaving U.S. refiners without their main export destination.The crisis has nearly shut down worldwide air travel and fuel demand, which is expected to fall between 10% and 36% in Latin America through the first half of the year.Although the coronavirus had not hit Latin America with the same intensity as Europe or […]
PROFIT WARNINGS South Korea run rates fell to 82.8% in February, the lowest for the month since 2014. The cuts are unlikely to stop there, however, with demand for gasoline and diesel expected to fall 30% year on year in March, according to sources and data from the Korea National Oil Corp. C-OPRATE-KW
By Stephen Cunningham, Jennifer A. Dlouhy and Nick Wadhams When Saudi Arabia kicked off its oil-price war and triggered the worst crude crash in a generation, US President Donald Trump lauded the ensuing decline in pump prices, saying it would be “like a tax cut” for Americans. Weeks later, the crisis remains a low priority […]
NEW DELHI (Reuters) – Two Indian refiners declared force majeure on crude purchases from the Middle East on Friday after fuel demand plummeted due to a nationwide lockdown to stem the spread of coronavirus and the companies’ tanks are full, sources said.
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Wearing a blue sweater as he stood in his garden, Dec announces excitedly in the video: “It’s Saturday, we’re still on air, so it’s time for a What’s In The Show Shooooow! Home edition! What have we got Ant?”
Queen Letizia was forced to go into lockdown after coming into contact with a minister who has since tested positive for coronavirus. Harrowing video from a hospital in Albacete, 85 miles west of Valencia, showed patients lining the corridors of a hospital waiting to be treated. The Spanish government forced to return ‘faulty’ coronavirus testing […]
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