Global oil demand is expected to fall this year for the first time in over a decade, as the rapid […]
Tag: oil
Oil’s Freefall Halted By Hope OPEC And Allies Will Take Action
Expectations the OPEC+ alliance will deepen output cuts put a floor under last week’s 16% plunge in oil prices, with […]
Oil Steadies Following Virus Sell-Off as Fallout Unknown
Oil steadied after the biggest drop in almost seven weeks as investors attempted to gauge the economic impact of the […]
Sanctions on Rosneft Unit Threaten Venezuela’s Vital Oil Trade
U.S. sanctions on Rosneft Trading SA threaten to hit Venezuela’s ability to export oil, choking off the main source of […]
Oil prices steady as coronavirus-related demand concerns weigh
Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the […]
Oil Rallies Back Above $50 While Russia Ponders OPEC+ Virus Plan
Oil rallied back above $50 a barrel as investors waited to see whether Russia would accept an OPEC+ plan for […]
Oil Heads for Fifth Weekly Loss as Demand Concerns Dominate
Oil headed for a fifth weekly loss as demand concerns grow in Asia and Europe, while OPEC+ awaited Russia’s response […]
Oil Rises as OPEC+ Officials Meet to Check Virus Hit to Demand
Oil climbed to $51 a barrel in New York as officials from OPEC+ gathered on Tuesday for an urgent meeting […]
Oil’s Brent Benchmark Breaks Key $55 Support as Virus Drains Demand
Crude oil’s top benchmark Brent broke the key $55 per barrel support on Monday as China’s coronavirus crisis entered its […]
Crude Oil Edges Lower; OPEC Production Cuts Eyed
Oil prices pushed lower Monday, continuing the recent weakness in the wake of the virus outbreak in China, but losses […]
