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White House advisor warns second-quarter US GDP fall could be biggest ever
Apr 22, 2020 01:16White House economic adviser Kevin Hassett warned on Tuesday a reduction in second-quarter U.S. gross domestic could be the biggest in the history of the country.
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US worst oil day ever
Apr 21, 2020 17:36America (IP)- While the global oil market has experienced a declining trend in recent days, on April 20, 2020, the brakes suddenly went off and the price of a barrel of West Texas Intermediate crude to be delivered in May, dropped from $17 a barrel to minus $37. 104
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Veep: Iran has managed to be matched to elimination of oil revenues
Apr 21, 2020 16:31Tehran (IP) - Vice President Eshaq Jahangiri has said that the Islamic Republic of Iran, with its management and planning, has been able to adapt to the conditions of removing oil revenues from the country's budget.
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Oil falls to the lowest in more than two decades
Apr 20, 2020 07:21Oil extended its slide, falling to the lowest in 21-Year as Demand Shrivels, on concern the world is rapidly running out of places to store crude after output cuts proved insufficient to cope with plunging demand.
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G20 agrees to reduce oil production by 3.7 mb/d: Iran Oil Minister
Apr 13, 2020 09:36Tehran (IP) - Iran's Oil Minister Bijan Namdar Zanganeh said on late Sunday that G20 countries agreed to reduce oil production by 3.7 million barrels per day.
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OPEC, oil nations reach deal to cut oil production by 9.7 million barrels per day
Apr 13, 2020 02:52The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil-producing nations agreed Sunday to cut output by a record amount, representing around 10 percent of global supply to support oil prices amid the coronavirus pandemic.
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US senators threaten to reconsider ties with Saudi Arabia
Apr 11, 2020 05:46During a fiery call with the Saudi ambassador in Washington, a group of 13 US senators from oil-producing states expressed their dissatisfaction over the ongoing oil price war that is damaging US producers and threatened to blow the US-Saudi relationship.
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OPEC, Russia agreed to cut oil production by 10m barrels a day
Apr 10, 2020 02:31OPEC and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.
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Russia ready to cooperate on cutting oil production, Putin says
Apr 04, 2020 06:00Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production, President Vladimir Putin said Friday.
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UAE strives to dominate Yemen's oil resources
Mar 13, 2020 20:04The United Arab Emirates seeks to seize Yemen’s wealth including its oil fields.
