Oil up on lower U.S. stocks, firmer demand
LONDON (Reuters) – Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic…
Asia stocks set to rise as Wall Street jumps on lockdown easing hopes
NEW YORK (Reuters) – Asian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment,…
Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
NEW YORK (Reuters) – U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand…
Crude oil futures drop at open of Asian trading
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol (Reuters) – Crude oil futures fell on Sunday evening…
Russia’s Putin, Saudi crown prince discuss OPEC+: Kremlin
MOSCOW (Reuters) – Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed a planned OPEC+ reduction of oil output, the Kremlin said. They agreed in a phone…
Saudi, others resist Mexican plan to make small oil output cuts – sources
DUBAI (Reuters) – Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global…
Saudi crown prince, Russia’s Putin discuss efforts to stabilize oil markets: SPA
CAIRO (Reuters) – Saudi Arabia’s Crown Prince and Russian President Vladimir Putin reviewed in a telephone conversation on Friday the efforts to achieve stability of energy markets to support the…
Saudi-Mexican clash halts record oil cut deal despite Trump pressure
MOSCOW/LONDON/DUBAI (Reuters) – Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices slammed by the coronavirus crisis, as Saudi Arabia clashed with…
European shares suffer worst day since 2016 as virus spreads, Wall Street opens ugly
LONDON (Reuters) – European shares suffered their biggest slump since mid-2016 on Monday and oil plunged almost 5%, as a jump in coronavirus cases in Italy, South Korea, Japan and…
Oil slides 4% on demand concerns as coronavirus spreads
LONDON (Reuters) – Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the impact on demand…