Oil drops below $ 30 a barrel as coronavirus spreads, OPEC’s grudge remains high

NEW YORK (Reuters) – Oil prices fell below $ 30 a barrel on Monday after the global coronavirus epidemic worsened over the weekend, compounding fears that government blockades to contain the spread of the disease will trigger a recession. global. FILE PHOTO: an oil pump is seen immediately after sunset outside Saint-Fiacre, near Paris, France, […]

Gasoline becomes cheaper, just when Americans don’t need it

NEW YORK (Reuters) – At two petrol stations in Scarsdale, a wealthy suburb of New York City, not far from one of the nation’s worst coronavirus outbreaks, assistants revealed minutes on a rainy Friday morning in what would normally be their busiest time of the day. “We had one or two clients – that’s all,” […]

Oil prices rise 4% after the biggest one-day drop since 1991

SINGAPORE (Reuters) – Oil prices rose more than $ 1 on Tuesday after a price war by major producers in Saudi Arabia and Russia resulted in the biggest daily disruption since the 1991 Gulf War, but investors saw little chance of a rapid recovery in prices when the coronavirus cut demand. FILE PHOTO: drilling rigs […]

Oil traders hit by an unexpected collapse in diesel fuel

NEW YORK / LONDON, March 4 (Reuters) – After strong profits in 2019, oil traders were hit hard in early 2020, losing tens of millions of dollars on bets on spreads of diesel prices due to a collapse unexpected demand in January, sources familiar with the matter said. The global oil industry expected this year […]

The Venezuelan PDVSA appoints a new vice president for supplies and exchanges between shakeups, sanctions – sources – Agricultural products

February 24 (Reuters) – Venezuelan state-owned oil company Petroleos de Venezuela has appointed an army lieutenant colonel with no apparent industry experience as vice president of its supply and trade division, according to two people familiar with the appointment. The move comes after the company, known as PDVSA, asked several vice presidents to step down […]

Oil slides 4% on demand as coronavirus spreads

LONDON (Reuters) – Oil prices plunged 4% on Monday as the rapid spread of coronavirus to countries outside of China increased investor concerns over the impact on crude demand. Global equities also extended losses as concerns about the impact of the virus grew, with the number of cases increasing in Iran, Italy and South Korea. […]