Bloomberg The Organisation of Petroleum Exporting Countries (Opec) hasn’t decided yet to extend or modify its agreement to cut oil output, Saudi Arabia’s energy minister said, as the coronavirus batters the global economy and threatens demand for crude. Opec and its allies are to meet next week in Vienna to assess their global cuts policy. Energy Minister Prince Abdulaziz bin …

Bloomberg The worrying prospect that the coronavirus outbreak could become the first truly disruptive pandemic of the globalisation era is renewing doubts over the stability of the world economy. With the death toll approaching 3,000, over 80,000 cases officially recorded and an outbreak in Italy now shutting down the richest chunk of its economy, some economists are beginning to war …

Bloomberg The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil Plc pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process. Some international oil companies operating in Mexico are waiting for Talos Energy Inc, the field’s primary shareholder, and state-owned Petroleos Mexicanos to resolve their dispute before …