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Abu Dhabi oil giant lands largest energy agreement of 2020

Abu Dhabi oil giant lands largest energy agreement of 2020

A consortium of global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC). Last month, the Internation Energy...
IEA expects global energy market have its largest downfall amid coronavirus

IEA expects global energy market to take a toll amid coronavirus

In a recently published World Energy Investment report, the International Energy Agency (IEA) warned about the economic impact of the coronavirus pandemic. With other energy...
China to expand its oil storage capacity as demand rebounds

China to expand its oil storage capacity as demand rebounds

China is looking to expand its oil storage capacity as the demand for the commodity rebounds with the country slowly easing restrictions within its...
Surprise production cuts from Saudi Arabia shocked the oil market

Surprise production cuts from Saudi Arabia shocked the oil market

The oil market was rattled after Saudi Arabia, the world's oil giant, announced a voluntary production cut this week. In light of recent events speculated...
Persistent glut worries dog oil price anew as it drops to 2% today

Persistent glut worries dog oil price anew as it drops to 2% today

The oil price of crude in the market went down today after cautious wins earlier this week. CNBC reports that despite gains made earlier this...
Brent crude could double by 4Q20 despite slow growth

Brent crude could double by 4Q20 despite slow growth

International standard Brent crude is closely being watched as oil prices begin to rally anew. This is after a shaky start to the week...

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