Sources: US crude exports to drop by one million barrels per day on Saudi oil discounted oil

Reuters News Agency reported that US crude exports are set to plunge by about 1 million barrels per day (bpd) in April and May, sources at the biggest merchants in the country said on Friday, as Sau

As global coronavirus alarm grows, markets suffer record meltdown

Reuters news agency reported that Global markets suffered record falls on Thursday as alarm over the coronavirus intensified, and governments from Ireland to Fiji unveiled new measures to try to slo

Brent crude down 54 cents as oil falls a 3rd day

Reuters news agency reported that oil prices fell a third day as the horror show for crude investors continued on Friday amid panic about evaporating demand from the coronavirus pandemic, with Brent

Oil prices fall 6% as US bans travel from Europe over coronavirus pandemic

Oil prices fell again on Thursday amid a broader market rout after the United States banned travel from Europe following a declaration that the coronavirus outbreak is now a pandemic, Reuters news a

World Bank: Oil collapse , coronavirus are 'perfect storm' for Middle East, North Africa

  The World Bank announced a record drop in oil prices and the coronavirus outbreak have left the Middle East and North Africa more exposed than other regions to fallout from a possible global r

Oil prices rise by 7% after rout on stimulus hopes

Reuters news agency reported that oil prices rose back 7% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus despite a price war betw

Oil prices fall after Saudi Arabia slashes prices, say will open taps

Reuters newd agency reported that oil prices plunged around 25% on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in c

Emirati-backed forces impose fees stop Yemeni port

Activity was stopped in the Yemeni southeastern port of Mua'alla in Aden, Yemeni sources said, in protest of fees imposed by Emirati-backed forces. The Southern Transitional Council's Security Belt

Recording largest decline in oil over a decade as Russia, OPEC spli

Reuters News Agency reported that brent crude slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC’s proposed steep production cuts to stabilize prices hi

29000-ton-diesel cargo arrives Yemeni Hodeida port

An oil vessel has arrived at the Yemeni western port of Hodeida, the Houthi-run Yemeni Petroleum Company (YPC) said Friday, with 29,499 tons of diesel onboard.The tanker 'Damas' was released after 2

OPEC sources: OPEC fails to secure deal with non-OPEC on oil cuts

Two OPEC sources said on Friday at talks between ministers from the informal alliance known as OPEC+ that OPEC has failed to secure a deal with Russia and other non-OPEC producers on its plans for b

Oil prices fall aimd demand concern, fears over OPEC+ deal for deeper output cuts

Reuters news agency reported that oil slid nearly 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OP

Smaller-than-expected rise in crude oil prices estimate at over 1%

Reuters News Agency repirted that oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, alth

Coalition allows oil tanker access Yemeni Hodeida port

An oil tanker has arrived at the Yemeni western port of Hodeida, the Houthi-run Yemeni Petroleum Company (YPC) said Wednesday, after "26 days of detention in the Red Sea."The tanker 'Aris' has arriv

Iranian official say Coronavirus has had no effect on Iran's oil, gas production

The deputy head of the National Iranian Oil Company (NIOC) said on Wednesday that Coronavirus has not had any effect on oil or gas production in Iran, Tasnim news agency reported. “The produc

Oil prices rise as OPEC, allies move closer to deeper output cuts

Reuters News Agency reported that oil prices rose on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the s

World stocks, oil prices extend rebound on policy action hopes

Reuters news agency reported that global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from th

Finance and economics expert: Saving Yemeni currency from possible collapse

The Head of the Association of Yemeni Banks, Mahmoud Naji, called for "uniting the Yemeni financial and monetary institutions and putting an end to the division in order to find a solution to the cu