OIL

Oil gains for fourth day on signs of output cuts, better demand

Oil gains for fourth day on signs of output cuts, better demand

Published 19/05/2020

TOKYO (Reuters) - Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand [more…]

Oil prices climb as Saudi Arabia commits to deeper production cuts

Oil prices climb as Saudi Arabia commits to deeper production cuts

Published 12/05/2020

MELBOURNE/SINGAPORE (Reuters) - Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid [more…]

Crude prices mixed as lockdowns ease, U.S.-China tensions threaten demand

Crude prices mixed as lockdowns ease, U.S.-China tensions threaten demand

Published 04/05/2020

NEW YORK (Reuters) - Oil prices were mixed on Monday as countries started to ease coronavirus lockdowns, though a fresh spat between the United States [more…]

Coronavirus pushes oil majors to biggest output cuts in 17 years

Coronavirus pushes oil majors to biggest output cuts in 17 years

Published 04/05/2020

LONDON (Reuters) - Oil and gas output from some of the world’s top oil companies is set to drop by over 12% in the second [more…]

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…]

Battered U.S. oil ETF to diversify investment in later-dated oil contracts

Battered U.S. oil ETF to diversify investment in later-dated oil contracts

Published 22/04/2020

(Reuters) - The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, is moving to spread out its investments in [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…]