Tag: Oil Prices
Oil prices touch 9-month high as US nears $900bn relief package
Oil prices rose and hit a nine-month high, with traders positive about progress towards a US fiscal stimulus deal and China and India's record-breaking...
Saudi Aramco halts billion-dollar deals amid oil price crash
Saudi Arabia’s official oil company, Saudi Aramco is now slowing down and reviewing its multi-billion-dollar expansion projects due to lower oil prices and a...
Global Oil prices rise by 5% ahead of scheduled OPEC+ meeting...
Crude oil futures rose today boosted by a report that major oil producers will gather tomorrow to review plans for extended production cuts along...
Oil producers of the world are faced with grim choices
The oil-producing countries of the world will be looking to find a way out of the price fall caused by the global pandemic, at...
Asian nations build enormous stockpiles as Oil prices remain low
Taking advantage of the collapse in prices, most economies in Asia have been aggressively building up strategic oil reserves for emergencies.
The move...
MUFG: GCC Countries heading towards recession
Japan's Mitsubishi UFJ Financial Group Inc (MUFG) expects Gulf Cooperation Council (GCC) countries to be in deep recession this year with overall real GDP...
China ramps up crude purchase as prices collapse
World’s biggest energy consumer China is mounting up stockpiles of crude oil as global prices fall due to the coronavirus outbreak.
Imports rose 4.5% in...
