Oil Suppliers Slash Prices To Save Asian Market Share
As the coronavirus continues to take a toll on oil markets, competition is heating up for crude oil suppliers—all of which are vying for a piece of the dwindling oil Continue Reading
Russia Is The Critical Factor In Oil Markets Right Now
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher on Friday as investors continue to increase bets that OPEC and its allies will come through with Continue Reading
Oil Markets Bounce Back As Coronavirus Fears Fade
It seems that oil markets have decided that the coronavirus worst-case scenario that sent prices below the $50 mark is increasingly unlikely, with WTI now moving back up towards $52. Continue Reading
Goldman Slashes Oil Price Forecast By $10
Just days after OPEC slashed its oil demand forecast as a result of the slowdown in China’s economy due to the Covid-19, moments ago Goldman has doubled down on its Continue Reading
Natural Gas Hits Lowest February Price In Two Decades
Warmer winter weather this year has reduced U.S. natural gas demand for heating, and as production growth continues to exceed demand growth, U.S. natural gas prices slumped this month to Continue Reading
Oil prices steady, on course for weekly gain
Oil prices edged up Friday and held on track for their first weekly gain since early January, backed by expectations that major producers will implement deeper output cuts to offset Continue Reading
Crude oil futures stable in Asia trade amid mixed drivers
Crude oil futures were stable in mid-morning trade in Asia Friday, as investors remained cautious against a backdrop of mixed drivers. At 9:33 am Singapore time (0133 GMT), April ICE Continue Reading
Oil prices climb on hopes of deeper OPEC+ production cuts
Oil prices edged higher on Thursday as investors focused on the possibility of deeper supply cuts from the world’s biggest producers, whilst largely shrugging off reports which cut demand forecasts Continue Reading
Drop in Energy Prices Slowed U.S. Inflation in January
A sharp drop in energy prices slowed U.S. consumer inflation at the start of this year. The consumer-price index—which measures changes in how much Americans are paying for everyday items Continue Reading
Jump in coronavirus cases yanks rally into reverse
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government Continue Reading