by Bernadette | May 18, 2020 | Business & Finance News
Oil rose above $30 a barrel for the first time in two months as producers in the US and elsewhere continued to cut activity, helping to rebalance a market that was thrown into disarray by coronavirus lockdowns. Futures in New York climbed around...
by Bernadette | May 14, 2020 | Business & Finance News
Arab stock markets plunged almost a quarter in value in the first three months of 2020 due to the coronavirus pandemic and the collapse in oil prices, a UN agency said Thursday. “The drop in oil prices and the Covid-19 pandemic resulted in a...
by Bernadette | May 12, 2020 | Business & Finance News
Saudi Arabia said Monday it had asked oil giant Aramco to cut its output by an additional one million barrels per day from June, to support prices that have crashed during the coronavirus crisis. The move will reduce the production of the world’s biggest crude...
by Bernadette | May 11, 2020 | Business & Finance News
Oil pared last week’s gain as fears of a potential resurgence in global coronavirus cases countered tentative signs of a demand recovery. Futures fell 2.3{e93887a69cdd95d753f466db084bbc3aa0067124675315461d28d68a72842cc2} in New York to trade near $24 a barrel. China...
by Bernadette | May 8, 2020 | Business & Finance News
Oil headed for its first back-to-back weekly gain since February as output cuts from the biggest producers and a nascent recovery in demand began to rebalance a market awash with crude. Futures in New York rose toward $25 a barrel on Friday and are up around...
