Tag: oil

(Bloomberg) -- Oil extended its drop to trade below $32 a barrel after a U.S. industry report signaled crude inventories swelled for the first time...

(Bloomberg) -- Oil rose above $34 a barrel following a prediction from Russia that the market may rebalance as early as next month after historic...

(Bloomberg) -- Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago,...

(Bloomberg) -- Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this...

(Bloomberg) -- China’s head-start on the path to recovery in oil demand is giving traders a rare opportunity to profit as coronavirus lockdowns continue to...

(Bloomberg) -- Time was when an oil-price rout almost certainly meant a currency meltdown in emerging markets. Now, it’s failing to cause as much as...

(Bloomberg) -- Oil gave up some of last week’s rally after a delay to a planned meeting of top producers to discuss output curbs and...

(Bloomberg) -- Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and...

(Bloomberg) -- The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies. Onshore tanks in many...

(Bloomberg) -- America’s shale drillers have never faced an oil bust quite like this. The split between Russia and its one-time OPEC allies last week has ignited...