Global  

"Oil Price"

Latest news and video coverage curated from trusted media outlets

0
shares
ShareTweetSavePostSend
 

Consumer prices drop by most since 2008 [Video]

Consumer prices drop by most since 2008

U.S. consumer prices plunged in April by the most since the Great Recession. As Fred Katayama reports, a drop in demand for gasoline and services as Americans stayed home during the coronavirus crisis..

Credit: Reuters Studio     Duration: 01:04Published
Saudi announces new austerity drive [Video]

Saudi announces new austerity drive

Kingdom to triple VAT, halt monthly handout payments in tough measures amid low oil prices and virus-led economic slump.

Credit: Al Jazeera STUDIO     Duration: 02:11Published
US to remove Patriots, other military assets from Saudi Arabia [Video]

US to remove Patriots, other military assets from Saudi Arabia

WSJ: four batteries of Patriot surface-to-air missiles sent to deter Iranians will be removed from Saudi oil facilities.

Credit: Al Jazeera STUDIO     Duration: 05:18Published
Social media criticism in Iran as petrol prices stay high [Video]

Social media criticism in Iran as petrol prices stay high

The global oil slump caused by coronavirus gives Iranians renewed drive to put their foot down over the price of gas.

Credit: Al Jazeera STUDIO     Duration: 02:40Published
BP's profit tumbles, debt climbs as virus crisis hammers oil demand [Video]

BP's profit tumbles, debt climbs as virus crisis hammers oil demand

BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead. Ciara Lee reports

Credit: Reuters Studio     Duration: 01:26Published
Shares gain as investors look to lockdown easing [Video]

Shares gain as investors look to lockdown easing

Stock markets rallied on Monday as the Bank of Japan added more stimulus to cushion the impact of the coronavirus and investors cheered news more countries were easing lockdowns, though the oil price..

Credit: Reuters Studio     Duration: 01:25Published
US Energy Companies Stare Bankruptcy Right In The Face [Video]

US Energy Companies Stare Bankruptcy Right In The Face

Reuters reports US energy companies are scrambling for cash and face likely restructuring. Shale producers, refiners and pipeline companies are struggling under heavy debt loads amid the worst crisis..

Credit: Wochit     Duration: 00:36Published
UN: Latin America, Caribbean face worst-ever recession [Video]

UN: Latin America, Caribbean face worst-ever recession

Virus movement restrictions and oil-price crash to push region into worst recession in history, according to UN body.

Credit: Al Jazeera STUDIO     Duration: 02:12Published
Oil price plunge forces Colorado companies to scale back production, layoff workers [Video]

Oil price plunge forces Colorado companies to scale back production, layoff workers

As oil prices plunge, the impact is weighing on global markets and businesses in Colorado.

Credit: 7News - The Denver Channel     Duration: 02:00Published
How the Oil Price Crash Will Impact Oklahoma [Video]

How the Oil Price Crash Will Impact Oklahoma

How the Oil Price Crash Will Impact Oklahoma

Credit: KJRH | Tulsa | Channel 2     Duration: 01:42Published
Stocks Fall Hard After Oil Price Disaster: What Wall Street’s Saying [Video]

Stocks Fall Hard After Oil Price Disaster: What Wall Street’s Saying

Oil producers would have to pay the customer to sell a barrel Monday. Stocks fell, but not terribly. Other risks also remain.

Credit: The Street     Duration: 02:19Published
Financial Focus with Steve Budin for April 20, 2020 [Video]

Financial Focus with Steve Budin for April 20, 2020

Steve Budin discusses the blessing loom scam that is going viral on social media and what is behind the oil price dropping.

Credit: KTNV Channel 13 Las Vegas     Duration: 03:12Published
Iraq: Oil price drop fuels economic crisis [Video]

Iraq: Oil price drop fuels economic crisis

Iraq has been hit by political instability that effectively left it without a government.

Credit: Al Jazeera STUDIO     Duration: 02:51Published
Oil prices slide again despite huge output cuts [Video]

Oil prices slide again despite huge output cuts

Oil prices dropped again Wednesday despite the recent deal to slash output. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:10Published
India raises issue of oil price Dharmendra Pradhan at G20 Extraordinary Energy Ministers meeting [Video]

India raises issue of oil price Dharmendra Pradhan at G20 Extraordinary Energy Ministers meeting

India raises issue of oil price Dharmendra Pradhan at G20 Extraordinary Energy Ministers meeting

Credit: ANI     Duration: 01:47Published
Exxon Steps Up In Oil-Price War By Ramping Down [Video]

Exxon Steps Up In Oil-Price War By Ramping Down

Exxon Mobil is cutting back shale-production expenses to the tune of at least $10 billion as the coronavirus pandemic - and a supply war - ensnare oil prices.

Credit: The Street     Duration: 02:31Published
Trump touts Saudi-Russia oil deal to halt price war [Video]

Trump touts Saudi-Russia oil deal to halt price war

The two top crude producers are said to slash output by as much as 15 million barrels a day - an unprecendented 15% of global supply. Ryan Brooks has more.

Credit: Reuters - Politics     Duration: 01:13Published
Gas Prices Drop Amid Pandemic [Video]

Gas Prices Drop Amid Pandemic

It's the cheapest national average in for years

Credit: KIMTPublished
Fewer Open Businesses, Flights & Drivers Could End With The World Running Out Of Space To Store Oil [Video]

Fewer Open Businesses, Flights & Drivers Could End With The World Running Out Of Space To Store Oil

With an unprecedented collapse in oil demand, that has sent crude crashing to 18-year lows, the world could soon run out of room to store all the unneeded barrels of oil. Katie Johnston reports.

Credit: CBS Dallas Digital     Duration: 00:39Published
Texas: America's Canary In The Coalmine For Coronavirus Economic Meltdown [Video]

Texas: America's Canary In The Coalmine For Coronavirus Economic Meltdown

Thanks to its affordability and strong energy-oriented economy, Texas has seen a population boom. But according to Business Insider, the coronavirus pandemic is hurting Texas's oil industry..

Credit: Wochit     Duration: 00:39Published
Oil price war: Analysts expect prices to drop further [Video]

Oil price war: Analysts expect prices to drop further

Coronavirus pandemic continues to crush demand amid price war between Russia and Saudi Arabia.

Credit: Al Jazeera STUDIO     Duration: 05:16Published

You Might Like


Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility'

wharton professor jeremy siegel lays out why a record-high stock market in 2020 remains 'a real possibility'
· *The stock market can still set new record highs in 2020 thanks to fresh risk-on attitude and the Federal Reserve's stimulus, Wharton finance professor Jeremy Siegel said Tuesday.* · *If a second..
Business Insider - Published

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package

global stocks are mixed after trump promised 'interesting' action against china, while europe awaits a huge new stimulus package
· Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, while Europe awaits the launch of a major new stimulus..
Business Insider - Published

Oil prices have rallied after turning negative for the first time ever. Here's the timeline for the oil-price war and April plunge.

oil prices have rallied after turning negative for the first time ever. here's the timeline for the oil-price war and april plunge.
· *Oil prices experienced a wild ride in recent months as a global price-war and a slide to negative levels shook the market.* · *The world's most-traded commodity has mostly rebounded in May from..
Business Insider - Published

Oil price pickle: On fuel duty hike

The increased duty on fuel can fund welfare, but arbitrary methods will have implications
Hindu - Published

Texas Economy Could Lose $24B If Oil Prices Stay In The $30s

The downturn in the U.S. oil industry could lead to more than US$24 billion of lost GDP for Texas alone, if oil prices remain in the $30s, Ed Hirs, Energy Fellow at the University of Houston, told..
OilPrice.com - Published

1 TSX Energy Stock to Take Shelter With as Oil Price Rally Peaks

This TSX energy stock is well placed compared to peers if the crude oil price drops again. Its dividends and valuation stand tall in the sector. The post 1 TSX Energy Stock to Take Shelter With as..
Motley Fool - Published

Oil price pickle

The increased duty on fuel can fund welfare, but arbitrary methods will have implications
Hindu - Published

The State Of Texas Collected Huge Royalty Check Before Price Crash

The state of Texas collected at least US$13.4 billion in the form of royalties and taxes from the oil and gas industry last year, just before the oil price crash, the Houston Chronicle reported on..
OilPrice.com - Published

Shale Bust Hits Rural Communities As Oil Royalties Plunge

The oil price collapse is hurting not only U.S. shale firms and their drilling activities. The crash has severely crippled the royalty payments to a dozen million American oil and gas royalty owners of..
OilPrice.com - Published

Chinese Hedge Funds Are Betting Big On An Oil Price Recovery

Little-known Chinese hedge funds are betting big on an oil price recovery on the Shanghai-traded yuan-denominated oil futures and are set to fill up all available storage for delivery of those futures..
OilPrice.com - Published

Oil Companies Forced To Renegotiate Deals Or Risk Losing It All

On April 20, the West Texas Intermediate crude benchmark did not just fall below zero, it plummeted to negative $37.63 a barrel. This stunning price crash was the result of a months-long series of..
OilPrice.com - Published

Kuwait Crude price down to USD 26.47 pb

(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 23 (KUNA) -- Kuwait Crude oil price went down by USD 1.69 to USD 26.47 pb. on Friday from USD 28.16 t...
MENAFN.com - Published

Why bond investors are willing to bet on money-losing Pemex after oil price crash

Mexico's state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will..
Reuters - Published

Nigeria: Economy Loses U.S.$321 Million in Oil Revenue to COVID-19

[This Day] Abuja and Lagos -Nigeria's oil revenue target fell by N125.52 billion in the first quarter (Q1, 2020) to N940.91 billion, according to figures released yesterday by Minister of Finance, Mrs...
allAfrica.com - Published

US Sanctions And Venezuela’s Descent Into Anarchy – OpEd

Recently, Iran sent five super-tankers carrying oil and gasoline to Venezuela. The products being carried by these Iranian tankers are estimated to be worth $45.5 million and in exchange the Venezuelan..
Eurasia Review - Published

The founder of a $1 billion energy fund shares why buying on the dip is the wrong investment strategy in this oil price downturn

the founder of a $1 billion energy fund shares why buying on the dip is the wrong investment strategy in this oil price downturn
· In the past, private-equity firms focused on energy have used a simple approach to investing: "Buy on the dip." · But after the last downturn, starting around 2014, many of those investors got..
Business Insider - Published

US stocks edge higher as new data shows millions more jobs lost

us stocks edge higher as new data shows millions more jobs lost
· *US stocks edged higher on Thursday after jobless claims for the week ended May 16 reached 2.4 million.* · *The Labor Department's latest data brings the metric's nine-week total to nearly 39..
Business Insider - Published

S&P/ASX 200 snaps 4-day winning streak; energy stocks continue to rise

S&P/ASX 200 (INDEXASX:XJO) failed to hold on to this morning’s gains of 0.7%, with the index falling by 0.4% or 22.6 points to 5,550. However, the index remains on track to record its fourth..
Proactive Investors - Published

This Australian Firm Is Breaking Down Barriers In the Financial Markets

this australian firm is breaking down barriers in the financial markets
*STAX aims to provide a middle ground where financial opportunities are globally accessible by leveraging the technological innovations brought about by blockchain technology with the right regulatory..
Accesswire - Published

Whitebark Energy to increase Wizard Lake production as oil price strengthens

Whitebark Energy Ltd (ASX:WBE) will increase production at its Wizard Lake Oilfield Project in Canada from a low-base owing to the oil price strengthening to US$30. The company also remains..
Proactive Investors - Published

The Oil Price War Has Put A $69 Billion Mega Deal At Risk

Even before the latest slew of announcements regarding the agreement by Saudi Arabia’s flagship oil and gas company, Aramco, to acquire a 70 percent stake in the Kingdom’s key petrochemicals..
OilPrice.com - Published

Big Oil’s Best Survival Strategy

First, it was an oil price war that pummeled benchmarks into the ground. Then it was the coronavirus outbreak that swelled to a pandemic. Now, a third plague is coming for the oil industry, and it..
OilPrice.com - Published

Downside Risks Remain Despite Oil Price Rebound

The last few days have seen money rushing back into oil, with all crude benchmarks climbing furiously, including Brent showing a 14 percent week over week increase, rebounding from a short-lived dive..
OilPrice.com - Published

33% Of North Sea Oil Is Now Too Expensive To Extract

The oil price collapse will result in one-third of the North Sea oil left untouched because it will be uneconomical to produce, a new study from the University of Aberdeen showed on Wednesday...
OilPrice.com - Published

Thousands of sports fans who can't gamble on their favorite teams are reportedly flocking to the stock market instead

thousands of sports fans who can't gamble on their favorite teams are reportedly flocking to the stock market instead
· With no sport to watch live and bet on, gamblers are resorting to playing the stock market for a quick fix during the coronavirus pandemic. · That's according to the Financial Times, which..
Business Insider - Published

Edison Issues Outlook on Hurricane Energy (HUR)

edison issues outlook on hurricane energy (hur)
*LONDON, UK / ACCESSWIRE / May 20, 2020 / *In April 2020, Hurricane Energy (LSE:HUR) provided an update on Lancaster early production system (EPS) data gathered since first oil. The company announced..
Accesswire - Published

Original-Research: SFC Energy AG (von First Berlin Equity Research GmbH)

Original-Research: SFC Energy AG - von First Berlin Equity Research GmbH Einstufung von First Berlin Equity Research GmbH zu SFC Energy AG Unternehmen: SFC Energy AG ISIN: DE0007568578 Anlass..
EQS Group - Published

Wintermar Offshore (WINS:JK) back to black in 1Q2020

JAKARTA, May 20, 2020 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) returned to profitability during 1Q2020 with Owned Vessel Revenue up 18% YoY to US$9.9 million, and gross profit of US$1.28..
ACN Newswire - Published

Iran-US Patterns In Iraq: Implications For Gulf Security – OpEd

The government formation in Iraq under the new Prime Minister after two failed attempts is surely a welcome development amidst the pandemic crisis for requisite response of the violence-torn country...
Eurasia Review - Published

3 ASX 200 energy shares to buy before crude oil price rises

The crude oil price has hit a 2 month high jumping 30% since Monday, 11 May. These 3 ASX 200 energy shares are likely see share prices rise. The post 3 ASX 200 energy shares to buy before crude oil..
Motley Fool - Published

Is Air Canada (TSX:AC) Going to Get Swept Up in the Oil Price Recovery?

Rising jet fuel prices could potentially thwart Air Canada’s recovery before it even begins to take shape. The post Is Air Canada (TSX:AC) Going to Get Swept Up in the Oil Price Recovery? appeared..
Motley Fool - Published

Saudi Aramco Shares Recover To Level Before Oil Crash

Shares in Saudi oil giant Aramco have recovered to levels not seen since Saudi Arabia launched the oil price war in early March, becoming the first major oil firm to regain its market value since oil..
OilPrice.com - Published Also reported by •Business Insider

US stocks trade mixed as traders weigh earnings from major retailers

us stocks trade mixed as traders weigh earnings from major retailers
· *US stock indexes traded mixed on Tuesday as investors weighed earnings report from retail giants like Walmart and Home Depot.* · *Oil continued to rally, with West Texas Intermediate crude..
Business Insider - Published

Lack of oil storage space threatens oil price recovery

Concerns about fast-shrinking US oil storage capacity could weigh on oil prices just as they're starting to recover, says Ant -More- 
SmartBrief - Published

Oil price collapse is rare good news for households

Households could save an average $750 a year from the plunge in petrol prices - if they were driving at normal levels.
Brisbane Times - Published Also reported by •Sydney Morning HeraldThe Age

Chinese oil demand has reportedly almost rebounded to pre-pandemic levels

chinese oil demand has reportedly almost rebounded to pre-pandemic levels
· *Oil demand in China has almost recovered to pre-pandemic levels, Bloomberg reported. * · *Consumption has rebounded to about 13 million barrels per day, compared to 13.7 million barrels in..
Business Insider - Published



 Page 1  〉