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…
Oil edges up as output cut hopes offset coronavirus concern
NEW YORK/LONDON (Reuters) – Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts…
Oil steadies as Chinese economy offsets trade optimism
NEW YORK (Reuters) – Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the…
GM, doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban
DETROIT (Reuters) – General Motors Co (GM.N) could expand the lineup of vehicles using its large truck and sport utility vehicle architecture and sees big opportunities in over-the-air software updates,…
China November crude oil imports hit record high as refiners race to use up quotas
BEIJING (Reuters) – China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.…
Oil prices steady amid hopes for U.S.-China trade deal
FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo TOKYO (Reuters) – Oil prices were steady on Tuesday, holding onto gains from…
Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar
HOUSTON (Reuters) – Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as…
Groups bidding for PES refinery due to tour fire-damaged site: sources
NEW YORK (Reuters) – Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of the bidding process and are gearing up for visits to…
China criticizes new U.S. sanctions over Iranian oil deals
BEIJING/NEW YORK (Reuters) – China on Thursday criticized the United States for imposing new U.S. Secretary of State Mike Pompeo speaks during the United Against Nuclear Iran Summit on the…
Saudi Arabia consults allies on oil attack, awaits result of investigation: official
UNITED NATIONS (Reuters) – Saudi Arabia is in consultation “with friends and allies about the next steps to take” after a Sept. 14 attack on its oil facilities, but is…