Thursday, September 16, 2021

Energy

OPEC calls for an emergency conference to rescue oil prices

To create a pleasant atmosphere and end the price war in the oil market, OPEC has decided to meet leading oil producers, including Russia, on Monday. The whole meeting thing will be held through a video conference and adds those...

Sooner the world would run out of Storage to store oil

World’s oil supply extensive ramped up because of empty roads, flights grounded, and even factories aren’t working due to the pandemic disease COVID-19. The unexpected and steep downfall in oil demand never occurred before. The production of crude oil has...

Global oil demand may decline twenty million barrels per day in April – Experts

Dan Yergin, an oil expert, told this week that the oil market is in trouble and facing double crises; the first one is OPEC+’s members separation that causes a reduction in oil supply, and secondly, the demand for oil...

Oil dives more than 2% as the US increased economic support measures

On Tuesday, Oil prices have raised above 3%, and it is expected the United States will make 2 trillion dollars’ deal on a coronavirus aid package that could dull the economy due to COVID-19. Moreover, it even favors oil...

Thousands of jobs may be affected due to historic fall in oil Prices

Because of the March’s historic downfall in the oil prices internationally, different analysts on Wall Street expressed their fear that the crude oil prices may fall below $40 per barrel. It will cause huge tension for the jobs of...

OPEC predicted to push for long oil production cut as coronavirus hits demand; Russia haven’t decided yet

On Thursday, OPEC (Organization of Petroleum Exporting Counties) administrations are predicted to a big production cut, but they are facing upcoming conflict to accept approval Russia, who is the non-OPEC leader. The 14-OPEC members and 10 non-OPEC members are known...

Latest News

Moderna’s COVID-19 Vaccine Holds High Efficacy Against Delta Strain

On Wednesday, Moderna (the gigantic pharmaceutical) published a set of clinical information about its COVID-19 vaccine demonstrating that it...