Oil field workers with visco work on a pump jack in North Dakota, USA, on November 6, 2013. Ken Sideno | Corbis News | Getty Images LONDON – The International Energy Agency (IEA) on Tuesday downgraded its forecast for 2020 oil demand growth to a “treacherous” path amid market weakness …
Read More »IEA sees lower demand in 2020, 2021, over stagnant mobility
An Eastar Jet Inc. aircraft, front and Jeju Air Co. aircraft will land on Wednesday, August 12, 2020 at the intestinal surface at Incheon International Airport in Incheon, South Korea. SeongJoon Cho | Bloomberg via Getty Images The International Energy Agency on Thursday lowered its global oil demand forecasts several …
Read More »BP worker receives $ 200,000 payout after being fired for Hitler meme
Screenshot of the movie Downfall showing Bruno Ganz in a scene portraying Adolf Hitler. Source: Constantin Film A refinery worker in Australia has received nearly $ 200,000 in damages from BP after being fired over a Hitler meme he shared, which turned out to be mocking his bosses over wage …
Read More »Aramco’s Saudi demand, Iraq’s exports cut into focus
Sunset oil pumps, industrial oil pumping equipment Pramote Polyamate Oil prices climbed on Monday, backed by Saudi optimism over Asian demand and an Iraqi commitment to deepen cuts in supply, though uncertainty over a deal to boost the U.S. economy’s economic recovery limited gains. US West Texas Intermediate (WTI) crude …
Read More »Shell posts net loss of $ 18.3 billion in Q2 after large write-down
Carl Court | AFP | fake pictures Oil giant Royal Dutch Shell reported a sharp net loss year-on-year on Thursday after an unprecedented period of turmoil in the energy market and significantly weaker oil and gas prices. The Anglo-Dutch company reported that net income attributable to shareholders based on current …
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