Selected News Largest Oil Glut In History Could Force Crude Prices Even Lower The Most Expensive Oil And Gasoline In The World Oil Majors Are Preparing For $10 Oil Oil Prices Could Fall Another 20% Russia Sees Oil Market Balance In 2021 News 1 To 5 of 5 News 1 News List Largest Oil Glut In History Could Force Crude Prices Even Lower The oil market is heading for the largest ever crude glut in the first half of 2020, which could be two to nearly four times bigger than the biggest surplus recorded so far, IHS Markit says, as quoted by Bloomberg. 18:16 ( 31 03 20) [ Number of visit : ۴ ] The Most Expensive Oil And Gasoline In The World Whether or not you follow oil markets, you will likely have seen articles in the media lately claiming that the price of oil has fallen to $20, or that it could possibly fall to $10. The truth about the oil market, however, is far more complex than that. The number quoted in media headlines usually refers to one of two types of crude oil. 18:13 ( 31 03 20) [ Number of visit : ۵ ] Oil Majors Are Preparing For $10 Oil The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total SA and Norway’s Equinor announced similar moves. 13:38 ( 30 03 20) [ Number of visit : ۸ ] Oil Prices Could Fall Another 20% Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel. 13:13 ( 29 03 20) [ Number of visit : ۱۴ ] Russia Sees Oil Market Balance In 2021 The global oil market could return to balance in at least one year, all things being equal as-is, Russian Deputy Energy Minister Pavel Sorokin said at a forum in Russia on Friday. 12:56 ( 29 03 20) [ Number of visit : ۱۱ ] Iran’s First Downstream Oil Industry Exhibition, on the Occasion of the First Downstream Oil Industry Exhibition Message From Saied Rafeiefar, Secretary General of Iranian Oil, Gas and Petrochemical Products Exporters' Union (OPEX) and Secretary of Policymaking Council 11:26 ( 22 02 20) [ Number of visit : ۱۷ ] IMO 2020 preparations pay off IBIA met with several large globally operating shipping and bunkering companies during a visit to Copenhagen in mid-January, who were all reporting a surprisingly smooth transition to the 0.50% sulphur limit for marine fuels which came into force on 1 January, 2020. 11:25 ( 22 02 20) [ Number of visit : ۱۶ ] The Most Successful Oil Economy That’s Moving Away From Oil A discussion about oil-dependent economies often calls to mind an image of some anonymous Middle Eastern country almost entirely dependent on its oil exports to generate revenues. But there is one Middle Eastern country that plans to celebrate the last barrel of oil that it will one day export. 11:23 ( 22 02 20) [ Number of visit : ۱۷ ] OPEC Mulls Extending Oil Production Cuts Through End-2020 OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS 11:21 ( 22 02 20) [ Number of visit : ۱۴ ] Davos 2020 Here's what you need to know about the global economy 10:43 ( 22 02 20) [ Number of visit : ۱۹ ] Photo and video View Count: 4 8 20 40 All Items « Previous Next »