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Nigeria joins oil war, makes brutal price cuts

…Selling barrels at record discounts to Brent…Traders see lackluster buying, weak demand from refiners Nigeria opened a new front...

Oil’s demand plunge doing more damage than the price war

Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh ...

Russia keeps door open for OPEC amid threats to raise output

Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation...

Nigeria risks recession as Saudi Arabia begins global oil fight

Saudi Arabia plans to unilaterally increase oil output next month, a move that could further reduce prices, reliable sources told Bloomberg. Such...

Oil tests recovery from historic crash following global price war

Oil clawed back some of its biggest drop in a generation as investors grappled with the most volatile market on record in...

U.S. suspends sale from Strategic Petroleum Reserve on price dive

- The Trump administration suspended a planned sale of 12 MMbbl of oil from the nation’s emergency reserves after world crude prices...

Russia feuds with OPEC countries as oil price freefall continues

Members of the Organisation of the Petroleum Exporting Countries (OPEC) have put a deal to other countries to further cut oil production...

Coronavirus Covid-19: Oil prices rise as fears deepen

Oil prices have today increased due to short-covering and hopes for greater output cuts by oil-producing countries, despite continuing coronavirus fears.

Oil falls sharply alongside other commodities as uncertainty grows

Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while...

Exxon hits 15-year low prior to new strategy rollout

Exxon Mobil fell to a 15-year low on Monday just over a week before CEO Darren Woods is scheduled to present the...

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Nigeria joins oil war, makes brutal price cuts

…Selling barrels at record discounts to Brent…Traders see lackluster buying, weak demand from refiners Nigeria opened a new front...

Oil slips as OPEC-Texas agreement looks less likely

Oil dropped toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to...

Oxy nears truce with Icahn, adding new directors to its board

Activist investor Carl Icahn is nearing a truce with Occidental Petroleum Corp. that will see three new directors appointed to the oil...

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