(Bloomberg) — The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies. Onshore tanks in many markets...
(Bloomberg) — The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude...
(Bloomberg) — Oil rebounded after plunging to the lowest level in 18 years as investors weigh efforts by policymakers across the globe to strengthen economies against the...
(Bloomberg) — Oil’s spectacular collapse deepened as investors weighed measures by governments and central banks to help shore up the global economy against the spreading coronavirus with...
(Bloomberg) — Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are hitting home....
(Bloomberg) — Abu Dhabi took a cue from Saudi Arabia and cut pricing for its crude as the world’s biggest producers prepare to flood oil markets in...
(Bloomberg) — Abu Dhabi National Oil Co. will boost crude supply to more than 4 million barrels a day next month as the United Arab Emirates joins...
(Bloomberg) — Oil’s rebound from its biggest crash in a generation ran out of steam on skepticism the U.S. would be able to deliver sufficient stimulus to...
(Bloomberg) — America’s shale drillers have never faced an oil bust quite like this. The split between Russia and its one-time OPEC allies last week has ignited an...
(Bloomberg) — Stocks in the Middle East nosedived as the world’s biggest crude producers failed to agree on production cuts, kicking off a price war and sending...
