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OPEC secures global oil record cuts in history  

OPEC secures global oil record cuts in history  

11:09 | 13/04/2020

OPEC (The Organization of the Petroleum Exporting Countries) and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 million barrels per day, following multiple days of discussions and back-and-forth between the world’s largest energy producers. The cut is the single largest output cut in history.

OPEC and Russia agree on oil production cutting to boost prices

OPEC and Russia agree on oil production cutting to boost prices

19:32 | 10/04/2020

OPEC meeting and oil price: OPEC and Russia reached a tentative agreement Thursday evening for the deepest global cut ever in oil production by 10 million barrels a day - 10 percent from normal production levels - for May and June. Possible further trims could come from a meeting of the Group of 20 nations on Friday.

Scenarios for low oil prices?

Scenarios for low oil prices?

11:32 | 16/03/2020

On Wednesday, Việt Nam National Oil and Gas Group (PetroVietnam) issued a directive providing urgent tasks and solutions to cope with the double impacts of the COVID-19 pandemic and the decline in oil prices.

US asks EU to condemn Iran as its tanker shipped oil to Syria

US asks EU to condemn Iran as its tanker shipped oil to Syria

11:46 | 10/10/2019

On Wednesday (October 9), the US Secretary of State Mike Pompeo asked EU to condemn and hold Iran accountable as the Iranian oil tanker Adrian Darya 1 had been detected to transferring oil to Syria which broke the EU sanctions and Iran’s commitment with Gibraltar authority before the tanker was released.

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