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Crude Oil

US Gulf oil platforms shutting as Hurricane Delta strengthens

US Gulf oil platforms shutting as Hurricane Delta strengthens

  • Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained winds of 140 miles per hour.
  • Royal Dutch Shell Plc said on Tuesday it was evacuating nonessential workers from all nine of its offshore Gulf of Mexico operations and preparing to shut production.
Published 07 Oct, 2020 01:57am
Oil falls over 3pc as virus cases mount and US debate looms
Markets

Oil falls over 3pc as virus cases mount and US debate looms

  • Global coronavirus deaths surpass 1 million -Reuters tally.
  • Positive coronavirus cases climb in New York City.
  • Top traders see tepid oil demand recovery.
  • Trump-Biden debate in focus.
  • Libya's Sarir oilfield has restarted production.
  • US crude stocks seen up last week - Reuters poll.
Published 30 Sep, 2020 01:12am
Oil prices drop as demand worries counter U.S. stimulus hopes
Markets

Oil prices drop as demand worries counter U.S. stimulus hopes

  • U.S. West Texas Intermediate (WTI) crude futures dropped 34 cents, or 0.8%, to $40.26 a barrel at 0645 GMT.
  • The more-active Brent crude futures for December fell 32 cents, or 0.8%, to $42.55 a barrel. The November contract, which expires on Wednesday, fell 27 cents to $42.16 per barrel.
Published 29 Sep, 2020 03:51pm