Tag: oil prices
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...
Latest article
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...