Oil prices tumbled anew, falling near their lowest level since 1999, in the latest demonstration that traders are wary of holding crude with a global glut rapidly expanding
Oil prices tumbled anew Monday, falling near their lowest level since 1999 in the latest demonstration that traders are wary of holding crude with a global glut rapidly expanding.
Monday’s slide reversed a rebound from late last week, reflecting mounting skepticism that coordinated supply cuts by the Organization of the Petroleum Exporting Countries and allies will prevent the world’s oil storage from filling to the brim. Many North American producers are also being forced to curb output and shut in productive wells, but analysts...
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How the oil price capitulation will hit Nigeria, Saudi Arabia and other major exportersThe historic plunge in oil prices earlier this week has left some major exporters of the commodity scrambling to shore up their economies.
Consulte Mais informação »
US oil price falls heavily over storage woes in virus-hit marketUS benchmark West Texas Intermediate dropped 9.3 percent to $15.36 a barrel in Asian morning trade.
Consulte Mais informação »
BP revises $5.6 billion Alaska deal after oil price crashBP said on Monday it had amended some financial terms of the $5.6 billion sale of its Alaska business to privately held Hilcorp following the recent slump in oil prices, which may lead to a lower cash boost than initially planned.
Consulte Mais informação »
Mideast economies take massive hit with oil price crashThe historic crash in oil prices in the wake of the novel coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue
Consulte Mais informação »
Opinion | Big Oil to the Coronavirus RescueFrom WSJopinion: Hand sanitizer and personal protective equipment come from hydrocarbons synthesized by Exxon Mobil. Do liberals want to divest from using those to fight off the coronavirus?
Consulte Mais informação »