Tag Archives: Crude

US Stock Markets End Over 2% Higher After Jump In Crude Oil Prices

Wall Street Posts Cautious Gains After Steep Losses On Coronavirus

The Dow Jones Industrial Average closed 2.24% higher US stocks rallied on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to …

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Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

Declining demand and swiftly filling storage have squeezed prices for major U.S. grades of crude New York: Global oil benchmark brent crude plunged to its cheapest level in almost 18 years on Monday and U.S. crude briefly tumbled below $20 a barrel as investors faced the growing prospect that the …

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Crude Oil Futures Drop As Coronavirus Pandemic Darkens Demand Outlook

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

Brent futures were down 6.7 per cent or $1.68, to $23.25 a barrel as of 0249 GMT Melbourne / Tokyo: Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs …

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India To Top Up Strategic Oil Reserve With Cheaper Crude: Report

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

India has decided to buy oil worth Rs 5,000 crore (about $670 million) at around $30 a barrel New DelhI: India has decided to take advantage of the low oil prices in major producing centres in Saudi Arabia and the UAE to top up its strategic oil reserves created to …

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US Crude Climbs After White House Comments On Saudi-Russia Dispute

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

U.S. crude futures for April rose 56 cents, or 2 per centto $25.78 a barrel. Singapore: US crude oil prices edged higher on Friday, extending gains after a 24 per cent jump the previous day, buoyed by hints from President Donald Trump he may intervene in the price war between …

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U.S. Crude Climbs After White House Comments On Saudi-Russia Dispute

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

U.S. crude futures for April rose 56 cents, or 2 per centto $25.78 a barrel. singapore: U.S crude oil prices edged higher on Friday, extending gains after a 24 per cent jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war …

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Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

UScrude was down 84 cents, or 3.12 per cent, at $26.11 a barrel Oil prices fell for a third session on Wednesday with US crude futures tumbling to a 17-year low as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic. US crude was down …

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crude oil price falls 7 per cent after trump travel ban on coronavirus

Crude Oil Plunges 30%, Biggest Drop In 29 Years, After Saudi Arabia Cuts Prices

Oil prices fell on Thursday following surprise travel restrictions imposed by US President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic. The slump in oil is being compounded by the threat of a flood of cheap supply …

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UAE Joins Saudi In Opening Oil Taps As Row With Russia Hits Crude Prices

UAE Joins Saudi In Opening Oil Taps As Row With Russia Hits Crude Prices

The United Arab Emirates joined Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two Gulf Arab oil producers in OPEC took a united stand in a standoff with Russia that has hammered global crude prices. The extra oil the two …

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Oil Price News: Saudi Arabia Aramco to Pump Record Crude in April

Saudi Aramco

Saudi Arabia escalated its oil price war with Russia on Tuesday, with its state-owned company pledging to supply a record 12.3 million barrels a day next month, a massive production hike to flood the market. The output increase — more than 25% up from last month — puts Aramco supply …

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