oil

Oil prices at 17-year lows as virus ravages world

  SINGAPORE (AFP) -- Oil prices extended losses in Asian trade Monday and languished at 17-year lows, with the coronavirus…

US urges Saudis to ‘reassure’ oil and financial markets

WASHINGTON, United States (AFP) -- The United States said Wednesday it has urged Saudi Arabia to "reassure" oil and financial…

Oil rebounds from four-year lows

SINGAPORE, Singapore (AFP) -- Oil rebounded Tuesday as investors bought at bargain levels after prices plunged to four-year lows as…

Oil prices extend losses on price war, virus fallout

Singapore, Singapore (AFP) — Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown…

Saudi Aramco 2019 profit slides 20.6% on lower crude prices

by Anuj Chopra with Omar Hasan in Dubai RIYADH, Saudi Arabia (AFP) -- Saudi Aramco reported Sunday a 20.6 percent…

Oil prices fall around 6% after Trump virus address

SINGAPORE, Singapore (AFP) -- Oil prices plunged about six percent Thursday after US President Donald Trump announced a 30-day ban…

UAE ready to raise oil supply by 1 million barrels per day: state firm

ABU DHABI, United Arab Emirates (AFP) -- The UAE national oil company said on Wednesday it was ready to boost…

Saudi to boost oil output capacity by 1 million barrels per day: Aramco

RIYADH, Saudi Arabia (AFP) -- Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by…

Oil prices claw back ground after crash

  SINGAPORE (AFP) -- Oil prices surged more than six percent in Asian trade Tuesday following heavy losses a day…

Oil down about 20 percent after Saudi price cuts

SINGAPORE, Singapore (AFP) -- Oil plunged about 20 percent Monday after top exporter Saudi Arabia made deep price cuts following…

Oil plunges over 5% on OPEC reports, coronavirus

LONDON, United Kingdom (AFP) -- World oil prices, already slumping on coronavirus fears, extended losses to more than 5.0 percent…

OPEC to try to stem oil price plunge amid coronavirus slowdown

by Benoît PELEGRIN LONDON, United Kingdom (AFP) -- The OPEC club of oil-producing countries meets Thursday in Vienna as they…

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