IEA and OPEC leaders released a rare joint statement in reaction to the coronavirus pandemic and the crash in oil prices
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Video: Why Saudi Arabia launched an oil price war
Oil prices plummeted after the collapse of the OPEC+ agreement to deepen and extend cuts to production.
Kuwait and Iraq lower their oil prices
The countries following Saudi Arabia’s lead, cutting prices for April crude sales
Saudi oil price war unlikely to have quick end, says GlobalData
The price drop will impact US shale producers and potentially Russia’s government
Saudi Arabia’s decision will see oil markets take a bath – and other producers could jump in
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International
Global oil & gas industry deals total $9.68bn in January 2020
The value marked a decrease of 74.9% over the previous month and a drop of 74.3% when compared with the last 12-month average of $37.66bn
Oil prices plummet as OPEC+ deal falls apart
Oil prices plummeted to $45 per barrel of Brent crude
Global oil & gas industry deals total $78.46bn in Q4 2019
The value marked a decrease of 2.3% over the previous quarter and a drop of 34% when compared with the last four-quarter average of $119.37bn
Bahrain could consider selling off oil and gas assets
The country is working on the project and may decide to proceed with it later this year