Global Oil Industry

FILE PHOTO: Flames emerge from flare stacks at Nahr Bin Umar oil field, north of Basra, Iraq September 16, 2019. REUTERS/Essam Al-Sudani/File Photo
Global Economy

A month after negative oil prices, US crude contract expiry looms

The virus destroyed so much fuel demand as billions of people stopped traveling that there was almost nowhere left to store the oil

FILE PHOTO: Iranian President Hassan Rouhani speaks during a meeting, as the spread of coronavirus disease (COVID-19) continues, in Tehran, Iran, April 5, 2020. Official Presidential website/Handout via REUTERS/File Photo
Global Economy

Iran says it will fare better than others after oil crash amid battered economy

FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford
Global Economy

Ships, trains, caves: Oil traders chase storage space in world awash with fuel

A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Reuters/Maxim Shemetov
Global Economy

Aramco offers struggling refiners sweeter terms for crude