Oil prices fall as coronavirus case surge heightens demand fears
MELBOURNE/SINGAPORE (Reuters) – Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand,…
Oil prices ease as coronavirus infections rise
TOKYO (Reuters) – Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be…
Oil prices rise 2% on optimism around OPEC+ output pact
NEW YORK (Reuters) – Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed…
Oil rises as traders await OPEC+ meeting on extending supply cuts
SEOUL (Reuters) – Oil prices moved higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will…
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…
Occidental offering voluntary job buyouts, citing need for spending cuts: document
(Reuters) – Occidental Petroleum Corp (OXY.N) is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline…
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…
China crude oil runs hit 15-month low as virus cripples demand
BEIJING/SINGAPORE (Reuters) – China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there…
How COVID-19 affected U.S. consumer prices in March
(Reuters) – Coast-to-coast shutdowns of businesses and stay-at-home orders from the effort to contain the new coronavirus pandemic took their toll on U.S. consumer prices in March, sending them down…
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…