Displaying 10 out of 131 results

  1. A oil pump is seen at sunset outside Scheibenhard

    Oil edges up as output cut hopes offset coronavirus concern

    Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that ...
  2. FILE PHOTO: Oil pours out of a spout from Edwin Drake's original 1859 well that launched the m

    Oil rises for third day as coronavirus impact may spur output cuts

    Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused ...
  3. No cars, no need for petrol. The COVID-19 outbreak will slow the growth in oil demand this year,

    OPEC chops global oil demand growth forecast over China virus

    The OPEC oil cartel on Wednesday lowered its forecast for growth in global oil demand this year by nearly a fifth due to the impact of the ...
  4. FILE PHOTO:  General view of the Fos-Lavera oil hub near Marseille

    Oil prices rise as new virus cases slow, easing Chinese demand concerns

    Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the ...
  5. Oil prices have plunged around 15 percent this year, hit by concerns about demand from major

    Novel coronavirus highlights OPEC reliance on Chinese oil demand

    Fears of an economic slowdown, fuelled by the coronavirus slashing output in China, has shone the spotlight on OPEC, whose oil is heavily bought ...
  6. FILE PHOTO: Crude oil storage tanks at the oil hub in Cushing, Oklahoma

    Oil gains a second day as coronavirus optimism may mean demand rebound

    Oil futures rose for a second day on Thursday as investors took optimism around unconfirmed reports of possible medical advances to combat the ...
  7. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquart

    OPEC+ considers a further 500,000 bpd oil output cut: sources

    OPEC and its allies are considering a further cut in their oil output of 500,000 barrels per day (bpd) due to the impact of the coronavirus on oil ...
  8. FILE PHOTO: An employee demonstrates a sample of crude oil in the Irkutsk Oil Company-owned Yarakta

    OPEC curbs, supply risks to buoy oil prices in 2020: Reuters poll

    Oil prices will remain supported near current levels this year as persistent geo-political risks and OPEC-led output curbs help offset growing ...