oil

Top oil producers except Mexico agree to output cuts: OPEC

Major oil producers except Mexico agreed to cut output in May and June by 10… Read More

Saudi Arabia, Russia closing in on record oil cut deal

Talks have been complicated by friction between OPEC leader Saudi Arabia and non-OPEC Russia, two… Read More

Oil rallies as deal takes shape before key meeting

Moscow said Wednesday it is willing to cut output by about 1.6 million barrels a… Read More

Asian shares turn cautious, oil rebounds in choppy trade

Mainland China’s new coronavirus cases also doubled in 24 hours due to infected overseas travellers. Read More

Oil edges down after Saudi Arabia, Russia delay meeting

Brent crude slipped close to $30 a barrel earlier but pared losses to trade down… Read More

Oil down after record rally, Asia stocks struggle

On Friday, the Asian Development Bank said the pandemic could cost the global economy more… Read More

Oil prices rally on hopes for US stimulus

International benchmark Brent crude was up 2.9 percent to trade at nearly $28 per barrel,… Read More

Oil prices climb as US ramps up economic support measures

Oil prices rose on Tuesday on hopes that the United States will reach a deal… Read More

Oil rally loses steam as ECB move fails to calm markets

Oil markets have been hammered by collapsing demand as the virus prompts sweeping travel restrictions… Read More

Oil crash piles pressure on coronavirus-hit Saudi economy

The top crude exporter also faces plummeting oil prices, which slipped below $30 a barrel… Read More

Oil falls to $30 on recession fears and Saudi pump war

Brent crude fell as much as 1.5% on Tuesday to $29.60 a barrel but was… Read More

Oil extends slide, nears $30 a barrel as virus weighs on global economy

Brent crude fell $1.83 to $32.02 a barrel by 2331 GMT, extending a plunge of… Read More

Saudi Arabia floods markets with $25 oil

Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel,… Read More

Total to build France’s biggest battery power storage project

Total, like other oil majors, is expanding its foothold in the renewables energy sector Read More

Saudi Arabia, Russia raise stakes in oil standoff

The clash of the two oil titans sparked a 25% slump in oil prices on… Read More

Oil suffers rout after Saudi Arabia fires first shot of price war

Saudi Arabia cut its official prices in a market already reeling from the impact of… Read More

OPEC and allies to consider significant oil output cuts

OPEC and its allies will consider making substantial oil production cuts to lift prices that… Read More

Gulf bourses dive as coronavirus hits oil price

At least 115 cases of the novel coronavirus have been reported by the Gulf states… Read More

Saudi Arabia may slash April oil prices

Top oil exporter Saudi Arabia is expected to make the deepest cuts to its monthly… Read More

Oil slides for fourth day as pandemic fears deepen

Brent crude fell 31 cents, or 0.6%, to $54.64 a barrel by 0753 GMT, while… Read More