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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...

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...

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...

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...

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...

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...

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...

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...

Fuel prices to remain unchanged – IES

Price of petroleum products on the local market will remain largely stable at least for the next two weeks. According to the Institute of Energy...

Cannabis oil products could be off the shelves in a year

Oils, snacks and drinks containing the cannabis extract cannabidiol (CBD) will be "taken off the shelves" next year if they do not gain regulatory...

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