Reuters news on oil prices
Oil prices steadied early on Wednesday after sliding to their lowest in four years, sapped by fears for fuel demand and the global economy amid travel and social UPDATE 1-Oil Search slashes spending to cope with oil price crash. WRAPUP 2-More U.S. oil producers slash budgets amid price rout. Devon Energy, Apache Corp and Murphy Oil Corp on Thursday became the latest North American oil producers to slash capital spending and drilling plans as crude prices 1 day ago SINGAPORE (Reuters) - Oil rose more than $1 on Tuesday as bargain hunters emerged after recent sharp falls due to the coronavirus pandemic and the price war between Saudi Arabia and Russia, but fears of a recession Reuters, the news and media division of Thomson Reuters, is the world's largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international UPDATE 1-Oil Search slashes spending to cope with oil price crash in Papua New Guinea other than maintaining current production and has put on hold early development work on its Alaskan oil project to cope with crashing oil prices.
The International Chamber of Commerce's arbitration tribunal has dismissed U.S. oil company ConocoPhillips' $1.5 billion claim against Venezuelan state oil company PDVSA, according to a copy of the ruling seen by Reuters on Friday.
UPDATE 4-Carlyle Group quits $1 billion U.S. oil export project. Carlyle Group said on Friday it had dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas. Reuters.com for the latest commodities news. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment, technology, video and pictures. Oil giants set health checks Canada’s Husky Energy is the latest North American oil firm to slash spending amid collapsing oil prices, saying that it is reducing its capital budget by US$648 million (C$900… < First < 1
Reuters, the news and media division of Thomson Reuters, is the world's largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international
Goldman Sachs cut its 2020 oil demand growth forecast to 600,000 barrels per day (bpd) from 1.2 million bpd, and lowered its Brent forecast to $60 a barrel from $63.
The Star Online delivers economic news, stock, share prices, & personal finance advice from Malaysia and world. KUALA LUMPUR/SINGAPORE (Reuters) - Malaysia has directed palm plantations to continue operations even as the country shuts Oil futures fall over 20% after Saudi Arabia slashes selling prices. 8h ago.
All the latest news about Oil from the BBC. Reuters. As well as shares, the price of oil has also rebounded on Monday, with the price of Brent crude up 3.5% to $51.39 a barrel. Oil prices sank sharply last week on fears that an economic 10 Mar 2020 NEW YORK (Reuters) - Oil prices fell 4% on Wednesday, sinking into the close of trading with renewed weakness in the stock market after "News on the coronavirus does not seem to be inspiring demand hopes right now.". 15 Sep 2019 is unlikely. They expect oil and gas prices to rise modestly, if the damage is quickly repaired. Smoke from a fire at an oil processing facility in Abqaiq, Saudi Arabia, on Saturday. CreditHamad I Mohammed/Reuters.
Get the latest Crude Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq.
Battered Saudi oil output to recover in two or three weeks - sources. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. The International Chamber of Commerce's arbitration tribunal has dismissed U.S. oil company ConocoPhillips' $1.5 billion claim against Venezuelan state oil company PDVSA, according to a copy of the ruling seen by Reuters on Friday. Goldman Sachs cut its 2020 oil demand growth forecast to 600,000 barrels per day (bpd) from 1.2 million bpd, and lowered its Brent forecast to $60 a barrel from $63. Heating oil futures HOc1 dropped about 0.7% to settle at $1.4892 a gallon, after hitting the lowest since July 2017. NEW YORK (Reuters) - Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude.
Oil prices steadied early on Wednesday after sliding to their lowest in four years, sapped by fears for fuel demand and the global economy amid travel and social UPDATE 1-Oil Search slashes spending to cope with oil price crash. WRAPUP 2-More U.S. oil producers slash budgets amid price rout. Devon Energy, Apache Corp and Murphy Oil Corp on Thursday became the latest North American oil producers to slash capital spending and drilling plans as crude prices