Coronavirus Sends Panic Through Oil Markets
Oil continued to slide on Monday, with Brent dropping well below $60 per barrel, as panic around the coronavirus continues to mushroom. The number of casualties in China continues to Continue Reading
Oil rout extends to sixth day as China virus death toll rises
Oil futures were set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by Continue Reading
Oil prices log lowest finish in over 3 months as coronavirus stokes fears of weak demand
Oil prices fell for a fifth session in a row on Monday, settling at their lowest in more than three months, as the growing death toll and spread of China’s Continue Reading
Oil Extends Plunge On Coronavirus Fears
Oil prices extended losses early on Monday, slumping to nearly four-month lows amid fears that the Chinese coronavirus outbreak will slow China’s economic growth and oil demand. At 08:25 a.m. Continue Reading
Commodity prices continue to fall as coronavirus spreads
The coronavirus outbreak in China continued to push commodity markets lower Monday as the number of cases has risen and spread across the globe, sparking concerns of lower demand growth. Continue Reading
2019’s Rocky Oil Prices Made The World’s Biggest Traders Billions
2019 may have been fraught with volatile oil prices , but the world’s largest oil traders made a killing last year, Bloomberg reported on Monday. “By all accounts, 2019 was Continue Reading
BP CEO: days of oil at $100 per barrel have gone
There will be a reduction in use of oil over time, it will be displaced by natural gas or other things to generate power, BP group chief executive Bob Dudley Continue Reading
BP head believes oil prices are unlikely to return to $100 per barrel
Global oil demand will gradually decline, giving way to gas and other energy sources, BP chief executive Robert Dudley told TASS on the sidelines of the World Economic Forum in Continue Reading
Brent futures fall $2 as coronavirus concerns grow
Brent crude futures slid $2/b or more than 3% in early trading hours in Europe Monday amid growing concerns from developments related to the coronavirus in China. Many Asian markets Continue Reading
Crude futures fall more than 2% as coronavirus concerns grow
Crude oil futures slid more than 2% in Asia Monday amid growing concerns from developments related to the coronavirus in China. Many Asian markets were closed Monday for the Lunar Continue Reading