Tag: oil
In Gloomy Oil Market, India Pump Prices Echo $100-Plus Crude
(Bloomberg) -- Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago,...
Global Oil Demand Starts a Long, Painful and Uncertain Recovery
(Bloomberg) -- Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this...
Rare Oil-Price Dislocation Gives Asia a Profitable Arbitrage
(Bloomberg) -- China’s head-start on the path to recovery in oil demand is giving traders a rare opportunity to profit as coronavirus lockdowns continue to...
Oil Is No Longer the Nemesis of Emerging Markets
(Bloomberg) -- Time was when an oil-price rout almost certainly meant a currency meltdown in emerging markets. Now, it’s failing to cause as much as...
Oil Retreats After Sharp Rally on Doubts Over Price-War Truce
(Bloomberg) -- Oil gave up some of last week’s rally after a delay to a planned meeting of top producers to discuss output curbs and...
Oil Plummets to 17-Year Low as Broken Market Drowns in Crude
(Bloomberg) -- Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and...
The Global Oil Market Is Broken, Drowning in Crude Nobody Needs
(Bloomberg) -- The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.
Onshore tanks in many...
Shale Drillers Are Staring Down Barrel of Worst Oil Bust Yet
(Bloomberg) -- America’s shale drillers have never faced an oil bust quite like this.
The split between Russia and its one-time OPEC allies last week has ignited...
Oil Drops 31% in Worst Loss Since Gulf War as Price Fight Erupts
(Bloomberg) -- Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia...
Coronavirus Impact: IMF Could Reduce Global Economic Growth Forecast
Kristalina Georgieva, Managing Director – International Monetary Fund (IMF), has warned of serious effects on the world economy if the Wuhan coronavirus outbreak (COVID-19)...
