Tag: oil
Coronavirus Impact: IMF Could Reduce Global Economic Growth Forecast
Kristalina Georgieva, Managing Director – International Monetary Fund (IMF), has warned of serious effects on the world economy if the Wuhan coronavirus outbreak (COVID-19)...
Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases
(Bloomberg) -- A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its...
Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners
(Bloomberg) -- January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares...
Oil Traders Made Billions in 2019 as Conflict Shook the Market
(Bloomberg) -- The world’s largest energy traders enjoyed one of their best-ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and...
Oil Tumbles on Virus Fear While Saudis See ‘Very Limited’ Impact
(Bloomberg) -- Oil tumbled on fears China’s deadly coronavirus will crimp demand, prompting Saudi Arabia to say it was closely monitoring the situation.
Futures in London...
Strategists Say Get Ready for ‘Peak Decade’ in World Economy
(Bloomberg) --Amid the Alpine peaks of the Swiss resort of Davos in the week ahead, politicians, investors and executives will be busy debating whether...
OPEC+ Undeterred by Middle East Tensions, Focused on Oil Cuts, Says Saudi
(Bloomberg) --Saudi Arabia’s Energy Minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels,...
Oil Holds Biggest Weekly Drop Since July on Easing Gulf Tension
(Bloomberg) --Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back...
Oil Set for Biggest Weekly Loss Since July as Middle East Risk Fades
(Bloomberg) --Oil headed for its largest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying...
Oil Markets in Turmoil After Iran Attacks Reignite Supply Fears
(Bloomberg) --Oil prices jumped back above $70 a barrel after Iran attacked two U.S.-Iraqi bases in its first response to the killing of its...
