Oil plummets to 18-year low as virus stokes supply glut fears – BNN Bloomberg
— Read on www.bnnbloomberg.ca/oil-plummets-to-18-year-low-as-virus-stokes-supply-glut-fears-1.1414289
Tag: Oil
Coronavirus oil crash: The US is set to lose top oil producer title, Yergin says
In America’s shale country, budgets have been slashed, capital investment put on hold, and workers laid off.
— Read on www.cnbc.com/2020/03/30/coronavirus-oil-crash-the-us-is-set-to-lose-top-oil-producer-title-yergin-says.html
Oil plummets to 17-year low as virus stokes supply glut fears – BNN Bloomberg
Oil plummets to 17-year low as virus stokes supply glut fears – BNN Bloomberg
— Read on www.bnnbloomberg.ca/oil-plummets-to-17-year-low-as-virus-stokes-supply-glut-fears-1.1414289
Gasoline Futures Plummet to 20-Year Low On Flatlining Demand
(Bloomberg) — U.S. gasoline futures settled at the lowest in more than two decades as the coronavirus pandemic crushed demand and forced local governments across the country to issue shelter-in-place orders.Nymex futures prices fell 32% on Monday. The price fallout has also forced widespread production
— Read on ca.finance.yahoo.com/news/gasoline-futures-hit-50-cents-152941105.html
How Low Can Oil Go? One Forecast Sees $5 a Barrel
(Bloomberg) — Oil traders struggling to navigate one of the biggest oil crashes in history say the worst is yet to come.Even after plunging about 60% this year to the lowest since 2003, prices will likely drop further to $20 a barrel or below, according to a survey of traders from some of the world’
— Read on ca.finance.yahoo.com/news/low-oil-one-forecast-sees-102819216.html
With oil at record low US$7.47, Canada is first price-war casualty – BNN Bloomberg
With oil at record low US$7.47, Canada is first price-war casualty – BNN Bloomberg
— Read on www.bnnbloomberg.ca/with-oil-at-record-low-us-7-47-canada-is-first-price-war-casualty-1.1408445
Oil plummets to near 18-year low, on pace for worst month ever
Oil prices dropped to their lowest level in nearly 18 years as the coronavirus outbreak saps demand.
— Read on www.cnbc.com/2020/03/18/oil-plummets-to-near-18-year-low-on-pace-for-worst-month-ever.html
Next six months likely ‘painful’ for oil, says Goldman Sachs’ Jeffrey Currie
As oil prices trade at four-year lows, Goldman Sachs head of commodities research Jeffrey Currie said there’s more pain ahead.
— Read on www.cnbc.com/2020/03/10/next-six-months-likely-painful-for-oil-says-goldman-sachs-jeffrey-currie.html
Russia, Saudi Arabia squabble over oil strategy, but the real battle is with the US
Analysts say Russia and Saudi Arabia appear to be battling each other but are really at war with the U.S. oil industry, sucker punched by a sudden 30% decline in oil prices.
— Read on www.cnbc.com/2020/03/09/russia-saudi-arabia-squabble-over-oil-strategy-but-the-real-battle-is-with-the-us.html
Oil jumps more than 7% following worst day since 1991
Oil prices saw gains early on Tuesday following the prior day’s more than 20% plunge, which saw US. West Texas Intermediate crude and benchmark Brent crude post their worst declines since 1991.
— Read on www.cnbc.com/2020/03/09/oil-sell-off-deepens-as-prices-slip-further-following-worst-day-since-1991.html