Oil Price

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Indian miner Vedanta Ltd reported a net loss of 125.2 billion rupees ($1.7 billion) for the fourth quarter of its financial year, compared with a profit of 26.15 billion rupees in the same period a year earlier.
News ID: 9690    Publish Date : 2020/06/10

Low US oil prices have prompted a significant downward revision of the US natural gas liquids (NGL) production over the next few years, which may increase liquefied petroleum gas (LPG) import prices for Asia, according to S&P Global Platts Analytics.
News ID: 9422    Publish Date : 2020/05/08

Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.
News ID: 9421    Publish Date : 2020/05/08

Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as US-China trade tension could hold back an economic recovery even as coronavirus pandemic lockdowns start to ease.
News ID: 9333    Publish Date : 2020/05/04

Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year, given lower energy demand amid the Covid-19 pandemic from an oil oversupply across large producers.
News ID: 9280    Publish Date : 2020/04/30

Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to fully offset the collapse in demand from the coronavirus pandemic.
News ID: 9259    Publish Date : 2020/04/27

Oil prices should rise "closer to $40/bl" next year, assuming oil demand recovers from the Covid-19 pandemic and Opec and its partners stick to their output cut deal, trading firm Mercuria chief executive Marco Dunand told Argus.
News ID: 9250    Publish Date : 2020/04/28

Vietnam's oil product imports in March were at the lowest monthly levels since January 2017 as the Covid-19 pandemic continues to hit demand.
News ID: 9175    Publish Date : 2020/04/16

Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
News ID: 9163    Publish Date : 2020/04/14

State-owned PetroVietnam warned domestic refineries are at risk of shutting down amid swelling inventories, the collapse in oil prices and an unprecedented drop in transportation fuel demand amid measures to curb the Covid-19 outbreak.
News ID: 9139    Publish Date : 2020/04/14

OPEC and Russia have postponed a meeting set for Monday to discuss supply cuts and ending a brutal price war.
News ID: 9052    Publish Date : 2020/04/05

Crude futures rose by 10pc today after US president Donald Trump suggested that Saudi Arabia and Russia may be close to "a deal" to alleviate the oil price collapse.
News ID: 9024    Publish Date : 2020/04/02

Saudi Arabia is continuing to invest in its petrochemical sector, in contrast to cutbacks in large-scale capital projects around the world amid the oil price slump and coronavirus pandemic.
News ID: 8968    Publish Date : 2020/03/30

Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline, which would be to the detriment of Saudi Arabia.
News ID: 8665    Publish Date : 2020/03/09

Analysts are doubling down on their comments that gold’s safe-haven appeal is the winning asset amid growing coronavirus fears, an oil-price crash and an equity market correction.
News ID: 8662    Publish Date : 2020/03/09

OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.
News ID: 8568    Publish Date : 2020/03/03

Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.
News ID: 8529    Publish Date : 2020/02/28

Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.
News ID: 8507    Publish Date : 2020/02/26

Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
News ID: 8488    Publish Date : 2020/02/25

Fears over the spread of the Coronavirus continue to overshadow the oil market as the number of people sickened by the virus has exceeded 10,000 globally and the death toll in China has passed over 200.
News ID: 8370    Publish Date : 2020/02/02

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