oil

Oil collapse wipes out profits at Total

PARIS, France (AFP) — Total said Tuesday its quarterly profit fell by 99 percent because of dropping oil prices and…

PHL gov’t starts intensive community-based clinical studies on VCO as possible cure for COVID-19

  (Eagle News) – Philippine government has started intensive clinical studies on the curative properties of virgin coconut oil on…

Australia pounces on oil glut to build strategic reserve

SYDNEY, Australia (AFP) -- Australia said Wednesday it will take advantage of record low oil prices to develop a long-needed…

Oil collapses to under $11 as world awash with crude

  by Roland JACKSON Agence France Presse US oil prices dived to 22-year lows under $11 Monday after crashing 40…

Oil prices collapse on storage fears, Asia equities mixed

HONG KONG, China (AFP) -- Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage…

US crude falls below $15 a barrel as virus throttles demand

SINGAPORE, Singapore (AFP) -- US crude crashed to below $15 a barrel on Monday, its lowest level for over two…

Oil near 18-year low on demand devastation warning

  SINGAPORE (AFP) -- Oil languished at multi-year lows on Thursday, with WTI crude remaining around $20 a barrel as…

Saudi total oil curbs could reach 19.5 million barrels

RIYADH, Saudi Arabia (AFP) -- Oil output cuts by OPEC and its allies, together with pledges from other G20 nations…

Oil prices rise as Trump flags deeper output cuts

SINGAPORE, Singapore (AFP) -- Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million…

OPEC puts heads together over oil output cuts

by Benoît PELEGRIN Agence France Presse LONDON, United Kingdom (AFP) -- Top oil producers were trying to finalize a crucial…

OPEC, allies to seek response to coronavirus pandemic

by Benoît PELEGRIN Agence France-Presse LONDON, United Kingdom (AFP) -- OPEC and its allies will meet to discuss oil production…

Saudi to raise oil exports to record levels as price war rages

by Anuj Chopra with Omar Hasan in Dubai RIYADH, Saudi Arabia (AFP) -- Saudi Arabia said on Monday it will…

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