Tag: oil

Oil lower on US-China tensions but heads for huge monthly rise

This year, oil prices have fallen more than 40% largely due to slashed fuel demand caused by efforts to limit travel and shut businesses...

Oil falls but remains set for biggest monthly gain in years

WTI is on track for a record monthly gain of 72% in May, with Brent set for a 35% increase that would represent its...

Norway raises spending from oil fund to $44bn in 2020

Before the coronavirus outbreak the government had planned to spend 243.6 billion crowns from the fund. OSLO: Norway's government has further raised its projected 2020...

Oil slides on US-China tensions, OPEC+ uncertainty

The group known as OPEC+ is cutting output by nearly 10 million barrels per day (bpd) in May and June. NEW YORK: Oil futures tumbled...

Oil prices climb as faith in supply cuts grows

Brent crude futures were up nearly 1.4pc, or 50 cents to $36.03 a barrel as of 0840 GMT. US West Texas Intermediate (WTI) crude...

U.S. shale bust slams rural economies as oil checks shrivel

He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and...

Oil drops over 5pc on China-US tensions, demand doubts

Brent crude dropped $1.96, or 5.4pc, to $34.10 a barrel at 0833 GMT, after falling to as low as $33.54. US West Texas Intermediate...

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