Coronavirus crashes oil price to $32, Nigeria’s 2020 budget under serious threat
Nigeria’s 2020 budget implementation has received a battering as oil futures suffered their biggest daily loss since 1991 on Sunday after Saudi Arabia slashed its official selling price (OSP) and…
OPEC seeks oil cuts, says big move needed to deal with coronavirus impact
OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional 1.5 million barrels per day (bpd) of oil cuts until…
Oil prices climb as OPEC, allies move closer to deeper output cuts
Oil prices jumped 1.5% on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand…
OPEC’s oil cut proposal would boost price to $60 a barrel – Russia’s Lukoil
OPEC’s proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to $60 a barrel, Leonid…
Oil prices edged lower as investors await data on impact of coronavirus on demand
Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil…
Coronavirus: Second death announced outside China, death toll rises to over 420
Hong Kong reported its first death from the newly identified coronavirus on Tuesday, the second fatality outside mainland China from an outbreak that has killed over 420 people, spread around…
First coronavirus death reported outside China
China ramped up measures to contain the coronavirus epidemic and shore up an economy hit by travel curbs and business shut-downs on Sunday as the first death from the illness…
Oil price falls as fears grow over China virus
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lock downs there deepened concerns…
OPEC says Iraqi oil facilities secure, production continuing
Iraqi oil facilities are secured and the country’s production is continuing, the Organisation of the Petroleum Exporting Countries, OPEC’s Secretary General Mohammed Barkindo said on Wednesday. “It’s a big relief…
Oil prices climb to highest in three months on renewed U.S.-China trade deal hopes
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest…