IEA Executive Director and OPEC Secretary General Discussed the Current Situation in Global Oil Markets
[Joint Statement] Leaders expressed deep concerns about the grave global health crisis caused by the coronavirus (COVID-19) and its related impacts on the stability of economies and markets, notably in developing countries. The Executive Director of the International Energy Agency (IEA), Dr Fatih Birol, and the Secretary General of the Organization of …
Eni with Italy to Fight Against Coronavirus
To supports those who are at the front line to manage the healthcare emergency in the country, and based on its experience in healthcare projects worldwide, Eni puts in place a number of healthcare and social activities that will be immediately operational. Eni is the only partner of Fondazione Policlinico …
Russia’s LUKOIL Calls for Oil Producing States to Cooperate Over Virus Impact
Russia’s second-largest oil company Lukoil urged crude producing countries on Wednesday to continue cooperating to tackle the impact of the coronavirus on the energy market. Lukoil head Vagit Alekperov also told investors on a conference call that he expected a meeting this month of a panel of experts from OPEC …
Oil Falls 4% as Coronavirus Pandemic Prompts Trump Travel Ban
Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe following the World Health Organization’s decision to declare the coronavirus outbreak a pandemic. The slump in oil is being compounded by the threat of a …
Coronavirus: JTC Recommends Extending Production Adjustments to End of 2020
The Minister of Energy of Algeria and President of the OPEC Conference in 2020, HE Mohamed Arkab, has said that following an extraordinary meeting of the Joint Technical Committee (JTC) held in Vienna, from 4-6 Feburary 2020, the JTC has recommended extending voluntary production adjustments under the ‘Declaration of Cooperation’ …