Tag: oil
Business
COPEC urges government to cushion oil and gas companies following lockdown
The Chamber of Petroleum Consumers (COPEC) has called on the state to also cushion Oil and Gas Companies following the challenges brought on by...
World
U.S.’s Mnuchin considers lending program for struggling oil companies
Treasury Secretary Steven Mnuchin said he is considering a government lending program for U.S. oil companies looking for federal aid as they cope with...
World
Coronavirus: Oil plunges for a second day on gloomy outlook
The UK benchmark for oil has fallen by more than 10% to around $16 (£13) a barrel.It comes the day after the price of...
World
US oil prices turn negative as demand dries up
The price of US oil has turned negative for the first time in history.That means oil producers are paying buyers to take the commodity...
World
Oil market falls too big to offset with output cuts, IEA warns
The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen...
World
Oil prices rebound on hopes for output cut deal
Oil prices rebounded Tuesday on fresh hopes an OPEC-led meeting this week will reach an agreement to reduce oversupply and shore up the market.Prices...
World
Oil crashes below $20
The great oil crash of 2020 ain't over yet.US crude plunged nearly 7% and finished at an 18-year low of $20.09 a barrel Monday...
Business
Oil price drops again to US$31, fuel prices to reduce today
Few days after bouncing back from its sharp decline in nearly two decades, oil prices have gone down once again today.This was after a...
Business
Oil price bounces back on Tuesday
A sharp bounce in the price of oil Tuesday provided some support to under-pressure stocks in early Asian trade, a day after global equities...
World
Asian stock markets tumble after oil prices crash
Asian stock markets fell sharply on Monday spooked by a major crash in oil prices and weak economic data.In Japan, the benchmark Nikkei 225...
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