John Bambridge, features and analysis editor at GlobalData, commented following the first confirmed case of Wuhan coronavirus in the UAE (and the Middle East)
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Oil market reacts coyly to Middle East crises
Globaldata says the oil market is now driven more by perceptions of supply and demand
World’s largest energy survey: oil and gas professionals demand more training from employers
The creators of the survey suspect that a perception issue could have created this result
Oman’s oil income up by 2.1% in Q2 2019, despite overall weaker GDP
Government statistics showed that the value add of natural gas increased by 5.6 percent
Oil and gas majors plug billions into the energy transition, yet significant investment gap remains
CMS report reveals the world’s top 15 oil and gas majors are currently investing 3% of capex budgets into renewables
Saudi Aramco invests $5mn into blockchain oil trading platform Vakt
Vakt is a platform for post-trade processing, founded by companies including BP, Shell, and Equinor, among others
Oil price slide halts as OPEC mulls deeper output cuts or extension
The slide in oil prices was halted by news that OPEC+ could extend its existing output cuts, or potentially deepen them
OPEC could extend oil production cuts until June following coronavirus fears
Oil prices went up on the news that OPEC could extend cuts
Libya’s oil chief issues fresh warning about the impact of blockades
He called on the global community to take action, and warned of the end of rule of law in Libya