Oil prices decreased 20 percent on Monday after Saudi Arabia decreased oil prices and decided to increase crude production, leading to a big loss for the US. According to an international news agency, Saudi Arabia decreased prices and decided to increase crude production in April. Prices decreased by as much as a third after which … Read more
Oil prices look to cuts on Tuesday nagging concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets. Reuters reported that Oil prices look to cuts on drawing concerns over economic impact of the coronavirus outbreak in China and its effect on oil … Read more
Oil prices on Tuesday rose more than 1% as recent sharp falls have encouraged investors holding short positions to book profits. But the market remains nervous over the Wuhan virus, which has now killed more than 1,000 in China. Brent crude LCOc1 rose 79 cents, or nearly 1.5%, to $54.06 a barrel by 0216 GMT, … Read more
Oil prices in international market continued to surge on Monday as tensions escalate between the United States and Iran. US media reported, Oil prices in international market continued to surge, the global benchmark, gained 2.4% to reach $70.24 per barrel. This is the first time prices have hit that amount in more than six months. … Read more
Oil prices fell after industry data showed an unexpected build-up of U.S. crude inventories and as investors waited to see if a fresh round of U.S. tariffs on Chinese goods would come into force on Sunday. According to details, U.S. crude stocks clocked a surprise rise in the most recent week while gasoline and distillate … Read more
During the ongoing protests in the country following the rise in fuel prices in Iran, the headquarters of the Basij Force, under the supervision of Islamic Revolutionary Guard Corps, set fire. Nine people have been killed because of police use of force during violent protests against a surge in petrol prices following the death of … Read more
Crude oil prices jumped on global markets after a wave of weekend drone attacks instantly erased half of Saudi Arabia’s oil production from two of the major oil facilities. According to details, Brent crude, the global gauge of oil prices, was 10.4% higher at $65.56 a barrel in early European trading on Monday, after initially … Read more
