OPEC
Russia energy exports Many reasons why price cap on Russian oil exports cannot work

The United States and its allies are trying to impose new restrictions on the Russian economy, but like attempts so far, this one too looks fated to fail

OPEC+ oil markets OPEC+ agrees on oil output cut

The message is loud and clear: Saudi Arabia and Russia, who form the axis of the OPEC+, are closely coordinating on shaping the world oil market even as they could be competing for market share

Where JCPOA, oil conjoin stands vis-a vis OPEC+

From Iran’s viewpoint also, it will be desirable to become part of the OPEC+ cartel with Russia and Saudi Arabia

Putin’s summits next week will strengthen ties with Iran, Turkey

The Russian president’s visit comes at a highly transformative period in the US approach toward both Turkey and Iran and following Joe Biden’s crucial visit to West Asia

Mexico’s Supreme Court ratifies order to halt cultivation of GMO corn and other stories

Today we look at a ruling by Mexico’s Supreme Court upholding a ban on GMO corn, ongoing violence against protestors in Swaziland, and more

Oman bars recruitment of expatriates for a number of professions

The country is pursuing a gradual “Omanization” of jobs, replacing foreign workers with citizens, citing rising domestic unemployment and slowing of economic growth

Workers returning from crisis-hit Gulf economies need state support back home

The Gulf countries are already forcing a large number of migrant workers to go back to their home countries

Oil industry faces existential crisis

Newsclick’s Prabir Purkayastha analyses the state of the global oil market, the geo-strategic implications and the future of oil consumption keeping in mind the nature of the pandemic

Why did US oil prices fall to negative?

For the first time in history, US crude oil prices became negative. Prices of West Texas Intermediate (WTI) crude oil for May fell to -$37 per barrel on April 20. Why did this fall happen?

oil prices crash COVID US crude oil prices go down in negative for the first time in history

The fall in the futures market shows that the production cut by OPEC+ members may not be enough to address the drastic drop in demand due to the ongoing COVID-19 pandemic

OPEC+ production cut The OPEC+ deal on oil production: what are the implications?

Total global production of oil may go down by 15% with promises from some non-OPEC countries as well. However, this may not be sufficient to stop the fall in international oil prices

Migrant workers in Gulf region face heightened risk amid COVID-19 outbreak

Millions of expatriate workers in the Gulf Cooperation Council countries face a grim future as the number of COVID-19 cases increases and their jobs are under threat due to the economic downturn