Trump, Putin, Saudi King discuss oil issues

Trump, Putin, Saudi King discuss oil issues

(VOVWORLD) - Saudi Arabia’s King Salman, US President Donald Trump, and Russian President Vladimir Putin reviewed the importance of cooperation between oil producing countries in a phone call after Thursday’s OPEC+...
Oil falls after OPEC+ meeting delayed

Oil falls after OPEC+ meeting delayed

(VOVWORLD) - Oil prices fell on Monday, after Saudi Arabia and Russia delayed until Thursday a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic...
OPEC further slashes oil output

OPEC further slashes oil output

(VOVWORLD) - An extra 1.5 million oil barrel per day will be cut in the second quarter of this year to revive falling oil prices due to the global Coronavirus outbreak...
OPEC lowers global oil demand forecast

OPEC lowers global oil demand forecast

(VOVWORLD) - OPEC announced Wednesday in its monthly oil market report that the global oil demand growth outlook for 2020 has been cut to 0.99 million barrels per day, down...
Russia resumes oil delivery to Belarus

Russia resumes oil delivery to Belarus

(VOVWORLD) - Belarus and Russia have reached agreement to restart Russian crude oil supplies to Belarus and 6,000 tons of oil are delivered by Saturday, Belarus state energy firm Belneftekhim...
Growth in global oil demand will slow by 2025

Growth in global oil demand will slow by 2025

(VOVWORLD) - Growth in global oil demand is expected to slow by 2025 as fuel efficiency improves and the use of electric vehicles increases, the International Energy Agency (IEA) said on...
US presses Iran back to negotiations

US presses Iran back to negotiations

(VOVWORLD) - Though Houthi rebels have claimed responsibility for the September 14 drone attacks on Saudi oil facilities on September 14, the US and its Middle East allies are blaming Iran for the attacks...
OPEC cuts 2020 oil demand forecast

OPEC cuts 2020 oil demand forecast

(VOVWORLD) - OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 because of an economic slowdown. OPEC said efforts will be necessary to prevent a new...