Stocks Plunge Again on Coronavirus Fears
Markets nose-dived as virus outbreaks multiplied. The stock market has swung wildly in the past week as investors have struggled to get a bead on the economic damage the fast Continue Reading
Oil traders warn of ‘zero growth’ in 2020 demand due to coronavirus
The coronavirus outbreak has led the world’s biggest oil traders to slash their projections for global demand growth to the weakest levels since the financial crisis, with many expecting consumption Continue Reading
Analysts Continue To Slash Oil Demand Growth Estimates
As the coronavirus spreads fast outside China, dampening consumer and business sentiment, analysts continue cutting their forecasts of oil demand growth this year. In one of the latest downward revisions, Continue Reading
IHS: Oil Demand Set For Largest Decline In History
Crude oil demand during this quarter will likely register the largest decline on record, larger even than the slump that accompanied the 2008 financial crisis, IHS Markit has forecast . Continue Reading
Coronavirus Spreads World-Wide, Containment Is an ‘Unlikely Outcome’
The Latest on the Coronavirus “We do have an evolution happening in the spread of this virus,” said Brad Hazzard, the health minister for New South Wales state, which includes Continue Reading
‘Almost Without Precedent’: Airlines Hit Hard by Coronavirus
Empty jumbo jets arriving at deserted airports. Masked passengers disinfecting their own seats. Stone-faced airline executives huddling with President Trump. With the coronavirus outbreak continuing to spread around the globe, Continue Reading
OPEC Slashes Oil Demand Growth Forecast To 480,000 Bpd
The coronavirus outbreak is dealing a heavy blow to global oil demand, which is now expected to grow by just 480,000 bpd in 2020, compared to expectations of 1.1-million-bpd growth Continue Reading
OPEC unveils plan to tackle coronavirus oil market crisis but asks Russia to make the call
Saudi Arabia has put all of its eggs in Vladimir Putin’s basket, allowing the Russian president to decide the course of the OPEC+ alliance’s production policy and, indeed, whether their Continue Reading
Saudi Aramco Waits For OPEC+ Decision To Price Its April Oil
Saudi Arabia’s oil giant Aramco usually tells customers on the 5 th of each month how much they will pay for Saudi crude oil for the following month. But this Continue Reading
Russia, Turkey agree ceasefire deal for Syria’s Idlib
MOSCOW (Reuters) – Turkey and Russia agreed a ceasefire deal on Thursday in Syria’s Idlib region, their two leaders said after lengthy talks in Moscow to contain a conflict which Continue Reading