Refined Products

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…]

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…]

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 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…]

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

Published 13/04/2020

BAKU/DUBAI/LONDON (Reuters) - OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the [more…]

Goldman Sachs still sees crude prices falling after OPEC+ deal

Goldman Sachs still sees crude prices falling after OPEC+ deal

Published 13/04/2020

(Reuters) - Goldman Sachs said on Sunday that oil prices would continue to fall in the coming weeks, reasoning that a “historic yet insufficient” deal [more…]

Japan petroleum industry head says OPEC+ deal falls short of expectations

Japan petroleum industry head says OPEC+ deal falls short of expectations

Published 13/04/2020

TOKYO (Reuters) - The agreement by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to cut output failed to reach the reduction [more…]

Iraqi oil minister says big oil cut deal will help to stabilize oil market

Iraqi oil minister says big oil cut deal will help to stabilize oil market

Published 12/04/2020

CAIRO (Reuters) - Iraq’s oil minister said late on Sunday that the big oil cut deal reached at an OPEC+ meeting would help stabilize the [more…]

Oil falls after Saudi Arabia, Russia delay meeting

Oil falls after Saudi Arabia, Russia delay meeting

Published 06/04/2020

LONDON (Reuters) - Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global [more…]