The unpredictable Coronavirus and the proceedings of Saudi Arabia, which dramatically decreased global oil prices are the triggers of the sales fluctuations in the stock market

French energy group Total has announced the suspension of the buyback programme

The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10mn bpd

The recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices

Varel International Energy Services (VIES), the international supplier to the oil and gas industry, has announced a multi-million-dollar investment from Blue Water Energy, the international private equity firm that specialises in the energy sector