The coronavirus pandemic and collapsing oil prices will slash the oil and gas revenues of vulnerable oil-reliant developing economies by up to 85 percent, the heads of OPEC and the Continue Reading
Oil’s plunge has stung currencies across emerging markets, and there’s probably worse to come. For oil and gas exporters, the impact has been immediate. Even Gulf states with long-standing pegs to Continue Reading
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
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. 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
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
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
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’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history. Futures tumbled by Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Monday as the growing coronavirus spread continues to dampen the outlook for demand and economic growth. At 10:35 am Singapore Continue Reading
