GLOBAL

Oil prices skid on oversupply, storage capacity fears

Oil prices skid on oversupply, storage capacity fears

Published 27/04/2020

SINGAPORE (Reuters) - Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not come [more…]

Asia shares rally as BOJ buys more bonds- U.S. crude skids

Asia shares rally as BOJ buys more bonds- U.S. crude skids

Published 27/04/2020

SYDNEY/HONG KONG (Reuters) - Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact [more…]

Yen edges up after BOJ, pound gains on hopes of lockdown easing

Yen edges up after BOJ, pound gains on hopes of lockdown easing

Published 27/04/2020

TOKYO (Reuters) - The yen edged higher on Monday after the Bank of Japan expanded stimulus to help companies hit by the coronavirus crisis while [more…]

U.S. crude futures turn positive after historic plunge, Brent falls

U.S. crude futures turn positive after historic plunge, Brent falls

Published 21/04/2020

SEOUL (Reuters) - U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark [more…]

Analyst View: After U.S. oil futures crash, what next?

Analyst View: After U.S. oil futures crash, what next?

Published 21/04/2020

(Reuters) - A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to [more…]

Remember the 1980s glut: Ex-BP boss Browne warns oil will stay low

Remember the 1980s glut: Ex-BP boss Browne warns oil will stay low

Published 21/04/2020

LONDON (Reuters) - The oil price will stay low for some time as supply exceeds demand and the current situation on global oil markets is [more…]

Explainer: What is a negative crude future and does it mean anything for consumers?

Explainer: What is a negative crude future and does it mean anything for consumers?

Published 21/04/2020

(Reuters) - The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a [more…]

Oil gains on OPEC+ deal, stocks stymied by pandemic worries

Oil gains on OPEC+ deal, stocks stymied by pandemic worries

Published 13/04/2020

TOKYO/SINGAPORE (Reuters) - Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose [more…]

Oil climbs after OPEC+ agree record output cut

Oil climbs after OPEC+ agree record output cut

Published 13/04/2020

SINGAPORE (Reuters) - Oil prices rose on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it [more…]

In oil market sunk by coronavirus, giant output cuts make ripple, not big waves

In oil market sunk by coronavirus, giant output cuts make ripple, not big waves

Published 13/04/2020

SINGAPORE (Reuters) - Minimal oil price gains on Monday show record output cuts by giant producers will still leave them with a mountain to climb [more…]