Oil Inventories Soar Yet Again Despite Demand Rebound

May 12, 2020 at 15:52 | Julianne Geiger

The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build, of 7.58 million barrels for the week ending May 8 even as several U.S. states begin…

Russia’s Top Oil Company Cuts Investment Due To OPEC+ Deal

May 12, 2020 at 14:29 | Tsvetana Paraskova

Russia’s largest oil producer, Rosneft, will slash its investments for 2020 by 21 percent from earlier plans, due to the dramatic situation on the oil market and the new OPEC+…

Norway Takes $41 Billion From Oil Fund To Bolster Economy.

May 12, 2020 at 12:19 | Tsvetana Paraskova

Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter the economic…

Match-trade announces partnership with ucg in myanmar

November 21, 2017