OIL - INDO DAILY

Top oil producers except Mexico agree to output cuts: OPEC

Apr 10, 2020 (AFP)

The videoconference led by the Organization of the Petroleum Exporting Countries has been seen as the best chance of providing support to prices, which have bee...

OPEC, allies consider output cut after price crash

Apr 10, 2020 (AFP)

The talks between OPEC and its allies including Russia (OPEC+) along with key non-members is seen as the best chance to provide some much-needed support to pric...

G20 ministers vow to calm oil markets but quiet on output cuts

Apr 10, 2020 (AFP)

The summit came after an output cut agreement between OPEC and its allies to shore up crude prices hit an impasse, with Mexico rejecting the proposed curbs. The...

Oil spill: where and when will it reach the beach?

Apr 07, 2020 (SPX)

Predicting the drift of oil slicks on water surfaces and in coastal zones is fundamental for responding to spill events and to mitigate their impacts on the env...

Oil prices rebound on hopes for output cut deal

Apr 07, 2020 (AFP)

Prices have fallen sharply since expectations for a quick deal to cut output levels were dashed, but the rescheduling to Thursday of a meeting of major crude pr...

Satellites map the global flow of oil

Apr 03, 2020 (ESA)

As storage tanks around the world fill up, ESA-backed companies are using satellite data to map the flow of oil across the globe through shipping channels and p...

Ravaged oil rebounds on China move, price war hopes

Apr 02, 2020 (AFP)

Benchmark contracts Brent North Sea and West Texas Intermediate soared more than 10 percent before paring gains somewhat. Around 1415 GMT, WTI was up 8.6 percen...

As prices fall, what are the threats to oil giant Iraq?

Apr 02, 2020 (AFP)

So what are the challenges facing the only significant industry in Iraq, as global oil prices fall to around $25 a barrel? - How will Iraq pay the bills? - The ...

Trump, Putin discuss oil price plunge, coronavirus

Mar 31, 2020 (AFPO)

The two "expressed serious concern regarding the scope of the spread of the coronavirus" and "discussed closer cooperation," according to a Kremlin statement on...

Venezuelan army chiefs back Maduro after US indictment

Mar 28, 2020 (AFP)

In a statement read out on state television, armed forces chief Admiral Remigio Ceballos said the army categorically rejected "the extravagant and extremist acc...

Saudi oil industry at risk as American, European refiners refusing Riyadh's crude

Mar 27, 2020 (Sputnik)

Refineries in the United States and Europe are rejecting to accept any more Saudi oil, even at discounted prices, owing to a crude glut and lack of storage spac...

Delays and shattered hopes: Uganda still waiting for oil riches

Mar 27, 2020 (AFP)

Roads, piped water, and other unthinkable luxuries came next, as the poor farming village on the great lake's northern shores transformed into a booming frontie...

Chad's 'invincible' army reels from jihadist blow

Mar 26, 2020 (AFP)

"Bohoma will long be a scar on the face of the army," said a Chadian officer who asked not to be named, after Monday's assault on a base on the Bohoma peninsula...

US grants Iraq shortest sanctions waiver yet for Iran gas

Mar 26, 2020 (AFP)

The US slapped tough sanctions on the Iranian energy sector in late 2018 and has granted Iraq a series of waivers, usually for 45, 90 or 120 days. Baghdad relie...

Oil prices volatile as virus saps demand

Mar 25, 2020 (AFP)

Both main contracts plummeted at the open after a trillion-dollar support package for the American economy crashed to defeat, and virus deaths surged in Europe ...

Sudan defence minister dies at Juba peace talks

Mar 25, 2020 (AFP)

Omar had "suffered from a number of chronic illnesses," armed forces spokesman Amer Mohamed al-Hassan said without elaborating. The government delegation in the...

New material developed could help clean energy revolution

Mar 25, 2020 (SPX)

The oxygen reduction reaction (ORR) and oxygen evolution reaction (OER) are the most important electrochemical reactions that limit the efficiencies of hydrogen...

Troops entering Middle East to be quarantined for 14 days

Mar 20, 2020 (UPI)

"This quarantine will be required for both U.S. and coalition service members regardless of where they are coming from. We are working with all coalition member...

Iraq faces financial calamity after crude crash

Mar 19, 2020 (AFP)

But officials appear remarkably optimistic, a view experts described as being "in denial" given forecast oil crashes would cost Iraq two-thirds of its net incom...

Perfect storm of coronavirus, oil price war may cause world to run out of storage capacity

Mar 19, 2020 (Sputnik)

Both onshore and offshore oil storage facilities may run out of spare capacity in the next six months thanks to rock-bottom prices due to falling economic activ...