Articles
S&P Ratings slashes crude oil forecast for 2020 by $10 per barrel
Demand for jet fuel, which typically accounts for 8 to 10% of global oil supply has had 'an immediate demand impact'
Oil rebounds but benchmarks remain below $30
Crude has lost more than 60% of its value from recent highs in January
Oil slips to lowest level since 2002 as economies brace for recession
High-cost shale producers 'are in trouble' if prices remain low, says analyst
Brent falls below $30 even as markets show signs of levelling off
The commodity is teetering close to the $28.94 level seen in January 2016
Oil nearing 2016 lows as global economy reels from Covid-19 impact
Brent is nearing the sub-$30 price level last seen in January 2016 which prompted the formation of the recently-dissolved Opec+ alliance
Saudi Aramco 'comfortable' with oil at $30 or lower, senior executive says
The company said it could maintain a dividend payment of at least $75bn in 2020 for five years
Spare capacity in oil market set to fall as producers ramp up supply
A capacity decline brought on by production increase is likely to be short-lived according to analysts
Oil slumps as global markets continue slide
US stocks plunged more than 7 per cent following the US announcement and the World Health Organisation declaring the coronavirus a pandemic
Opec lowers 2020 oil demand growth forecast to 60,000 bpd
The group forecast further revisions, saying downward risks outweighed positive indicators for the rest of the year
Saudi Aramco and Adnoc to raise oil supply in April
Aramco is expected to increase output capacity to 13 million bpd while Adnoc said it will accelerate its planned 5m bpd capacity target
Saudi Aramco to boost April production to 12.3 million bpd
The world's largest oil exporter is looking to claw back market share following the collapse of the Opec+ deal
Oil rebounds a little after worst decline in nearly three decades
The latest price crash has echoes of the 2016 price collapse, when oil fell below $30 prompting the formation of a Saudi-Russian alliance
Oil sinks and markets tumble after Opec deal collapses
While Russia can bear the brunt of a $40 price level, its economy cannot sustain itself if prices average in the $20 range, say analysts
Adnoc lowers selling price following collapse of Opec deal
The move mirrors similar pricing changes made by Saudi Aramco, which slashed prices on Sunday
Global oil demand to contract for the first time in more than a decade, IEA says
China, the world's largest importer of oil, accounts for 80% of global oil demand, according to the agency
