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View all search resultsOilPrices
Business 5 years ago
Asian shares start cautiously amid elevated valuations, oil skids
Asian shares started Monday on the backfoot as investors grapple with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply.
Business 5 years ago
Oil prices drop amid supply glut, fears of second coronavirus wave
Oil prices slid nearly US$1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers.
Business 5 years ago
Government agency BPH Migas calls for lower fuel prices amid global oil slump
The government agency in charge of downstream oil and gas policies is calling for lower fuel prices “as soon as possible” in light of the global oil price slump, while the energy ministry maintains a wait-and-see approach.
Business 5 years ago
Dollar firm but stocks, oil under pressure as US-China tensions rise
The dollar rose, oil fell and stock markets were poised to slip on Monday as rising US-China tensions over the coronavirus - and growing unease at the gulf between asset prices and grim economic reality - turned investors cautious.
Business 5 years ago
Asia markets lifted by hopes worst of virus has passed, oil falls
Traders are also keeping a keen eye on key meetings of central banks in Japan, the US and Europe this week, hoping for further financial support to offset the impact of the virus, which is expected to have sent the world into recession.
Business 5 years ago
Bankruptcy looms over US energy industry, from oil fields to pipelines
US shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.
Business 5 years ago
Devastating oil glut sends prices into negative, Wall Street down
US oil prices crashed to unprecedented lows Monday as futures in New York ended in negative territory for the first time amid a devastating supply glut that has forced traders to pay others to take the crude off their hands.
