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BUSINESS

Oil soars by most on record after Trump says Saudis and Russians to cut output

Oil prices soared over 30% - on track for the most in a day on record - following reports US President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil produc


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Crude oil prices (April 2)

Crude oil prices were up on Thursday (April 2), Compared with the previous day.


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Russia, US hold energy talks, as Trump complains about oil cheaper than water

US and Russian energy officials held rare talks about oil after crude prices crashed to levels last seen about two decades ago, while President Donald Trump said oil that was cheaper “than water” was


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Crude oil prices (April 1)

Crude oil prices were down on Wednesday (April 1), Compared with the previous day.


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OPEC rift widens as group fails to set date for emergency talks

A rift in the Organization of the Petroleum Exporting Countries (OPEC) has widened after members failed to agree unanimously on an emergency low-level meeting to discuss a market collapse that has see


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Oil to stay below $40 in 2020 on virus shock, OPEC+ deal collapse: Reuters

Oil prices will stay below $40 a barrel this year, as measures aimed at halting the rapid global spread of the coronavirus cripple demand and the collapse of an OPEC+ deal adds to a mounting supply gl


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UAE's Dana Gas explores spin-off and listing of upstream business

United Arab Emirates’ Dana Gas is considering spinning off its upstream business and listing the unit on the Abu Dhabi Securities Exchange, the Sharjah-based energy company said on Tuesday (March 31).


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Crude oil prices (March 31)

Crude oil prices were up on Tuesday (March 31), Compared with the previous day.


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Trump to speak with Putin, criticizes Russian-Saudi oil price war as 'crazy'

President Donald Trump said on Monday he plans to speak with Russian President Vladimir Putin and that Saudi Arabia and Russia “both went crazy” in their oil-price war, a battle begun just as the spre


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Oil hits 18-year low as lockdowns diminish demand

Crude oil fell sharply on Monday, with US crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown could last months an


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Crude oil prices (March 30)

Crude oil prices were down on Monday (March 30), compared with the previous day.


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Crude oil prices (March 29)

Crude oil prices were stable on Sunday (March 28), Compared with the previous day.


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Crude oil prices (March 28)

Crude oil prices were down on Saturday (March 28), Compared with the previous day.


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Calls mount for new OPEC+ deal as oil prices and demand slide

Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus


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Crude oil prices (March 27)

Crude oil prices were down on Friday (March 27), Compared with the previous day.


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FDI flows tanking as coronavirus pandemic disruption deepens: UN

The coronavirus pandemic could slash global foreign direct investment (FDI) by as much as 40% this year, a United Nations agency said on Thursday (March 27), more than doubling its previous downward p


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IEA says global oil demand could drop 20% as 3 billion people in lockdown

Global oil demand could drop as much as 20 million barrels per day or 20% of total demand as 3 billion people are currently in a lockdown because of the coronavirus outbreak, the head of the Internati


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Crude oil prices (March 26)

Crude oil prices were down on Thursday (March 26), Compared with the previous day.


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US Rep urges State Department to boost diplomacy on oil price war

A top Republican lawmaker urged a US State Department official on Wednesday (March 25) to press ahead with diplomatic efforts to end the oil price war between Saudi Arabia and Russia that is harming U


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Crude oil prices (March 25)

Crude oil prices were stable on Wednesday (March 25), Compared with the previous day.


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