Europe Barricades Borders to Slow Coronavirus
The spiraling coronavirus epidemic tore into the fabric of Europe on Tuesday, prompting its leaders to all but wall the continent off from the rest of the world and erect Continue Reading
Crude oil futures rise in Asia trade on bargain hunting, but drivers remain bearish
Crude oil futures were higher in mid-morning trade in Asia Tuesday as bargain hunters emerged following the selloff on Monday, but market drivers remain bearish for both demand and supply. Continue Reading
Oil futures: Prices tumble as coronavirus measures slash travel demand
Petroleum futures continued to tumble Monday, as measures taken to battle the spread of the coronavirus have dramatically reduced travel, slashing demand. ICE Brent settled at $30.05/b, down $3.80, while Continue Reading
U.S. Oil Ends Below $30 as Energy Rout Continues
U.S. crude-oil prices slid below $30 a barrel Monday, tumbling to a fresh four-year low with analysts expecting the coronavirus and a Saudi-Russia price war to result in a glut Continue Reading
Oil products markets in turmoil as coronavirus infects demand
The oil products markets globally are caught between a rock and a hard place as the impact of ultra cheap oil, which should be a boon for refiners, is mitigated Continue Reading
Coronavirus fears shut bars, borders; WHO urges world to ‘test, test, test’
Bars, restaurants, cinemas and schools were shutting down from New York and Los Angeles to Paris and Dubai in a worldwide effort to combat the coronavirus pandemic, as financial markets Continue Reading
The Most Destructive Oil Price Crash In History?
As markets brace for yet another week of total liquidation (even gold fell below $1500), oil drillers are preparing for the worst. Last time crude traded this low, back in Continue Reading
Oil futures: Prices tumble as coronavirus measures slash travel demand
Petroleum futures continued to tumble Monday, as measures taken to battle the spread of the coronavirus have dramatically reduced travel, slashing demand. ICE Brent settled at $30.05/b, down $3.80, while Continue Reading
Oil Demand To Plunge By 10 Million Barrels Per Day
As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures imposed in France, Spain and Continue Reading
Lessons from China on the Economic Slump Coming for the World – Bloomberg
China’s deepest economic slump in decades carries warnings and lessons for the rest of the world as nations from Germany to the U.S. face the likelihood of following it into recession. First, Continue Reading