Gas Engulfed by Corona-fire Shuaib Bahman Ever since the outbreak of the coronavirus, the oil price slump has been widely taken into consideration. However, gas and its prices have not been spared. Gas consumption has significantly declined while its prices have been on a downward trend. Like oil, gas is exposed to serious traumas caused […]
Oil in Covid-19 Purgatory Shuaib Bahman Oil prices experienced a sharp decline following the Covid-19 outbreak. However, it rallied slightly as oil consumption slowly rebounded to normal in major consuming countries like China. Following the OPEC+ agreement, oil prices jumped 100%. The prices rallied on account of controlled supply alongside increased demand following the first […]
US Oil Output Cut Challenges Shuaib Bahman Iran Petroleum
Shuaib Bahman The oil price slump in global markets has posed a new challenge to all producers, including the US. Furthermore, in a rare event, the West Texas Intermediate (WTI) base price for delivery in the future went down to the negative territory. US President Donald Trump announced in reaction to the negative oil prices […]
Covid-19 Impact on Oil Market Shuaib Bahman Iran Petroleum
Gas Market Future; US Challenge Shuaib Bahman The energy market has over recent years witnessed new developments as new players have emerged. One of these players is the US whose shale oil production has impacted world markets. However, the US presence in the energy sector is not limited to shale oil. The US is trying […]