Tag Archives: oil prices

Singapore, Singapore | AFP | Oil prices fell sharply Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action to support coronavirus-ravaged energy markets. US benchmark West Texas Intermediate plunged eight percent at the open in Asia but clawed back some ground and was trading …

Baghdad, Iraq | AFP | As crude prices plunge, Iraq’s oil sector is facing a triple threat that has slashed revenues, risks denting production and may spell trouble for future exports. So what are the challenges facing the only significant industry in Iraq, as global oil prices fall to around $25 …

Singapore, Singapore | AFP | Oil prices extended losses in Asian trade Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world and no end in sight to a vicious price war. US benchmark West Texas Intermediate fell 5.3 percent to trade at $20 a barrel, while …

Singapore, Singapore | AFP | Oil prices were mixed in volatile Asian trade on Monday, but remained at multi-year lows due to the double shock of the coronavirus pandemic and the Saudi-Russia price war. Both main contracts plummeted at the open after a trillion-dollar support package for the American economy crashed …

London, United Kingdom | AFP | The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus. The extraordinary two-day meeting will see OPEC, led by Saudi Arabia, and its …

London, United Kingdom | AFP | World oil prices soared more than four percent on Friday after the US killed a top Iranian general, fanning fresh fears of a conflict in the crude-rich Middle East, with Tehran warning of retaliation. The head of Iran’s Quds Force, Qasem Soleimani, was hit in …