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Trump says US will help Mexico with OPEC+ oil production cuts
U.S. President Donald Trump said on Friday that the United States would "help Mexico along" with oil production cuts that it is meant to make under a global deal to shore up slumping crude oil prices, but said the details had yet to be worked out......»»
Trump says US will help Mexico with OPEC+ oil production cuts
U.S. President Donald Trump said on Friday that the United States would "help Mexico along" with oil production cuts that it is meant to make under a global deal to shore up slumping crude oil prices, but said the details had yet to be worked out......»»
Oil gives up gains even as OPEC+ hammers out supply-cut deal
Oil prices dipped on Thursday, giving back an earlier 10% surge as investors awaited details on a massive OPEC supply-cut agreement in response to the global fuel demand collapse due to the coronavirus pandemic......»»
Oil steady as U.S.-Iran tensions ease, trade deal details elusive
Oil prices steadied on Monday as investors shifted their focus away from easing Mideast tensions to this week's scheduled signing of an initial U.S.-China trade deal whose details remain to be seen......»»
Oil steady as U.S.-Iran conflict eases, trade deal details elusive
Oil prices dipped slightly on Monday as investors shift their focus away from easing Mideast tensions to this week's scheduled signing of an initial U.S.-China trade deal whose details remain to be seen......»»
OPEC is gearing up for deeper production cuts
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year......»»
OPEC is gearing up for deeper production cuts
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year......»»
OPEC gearing up for deeper oil cuts, Russia yet to agree
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year......»»
Futures Movers: Oil prices slip but hold near multiweek highs as trade, OPEC production updates loom
Oil prices pulled back Friday from multiweek highs reached a day earlier, with focus on whether Sino-U.S. trade progress at weekend G-20 meeting will support demand expectations.....»»
Stocks slip with AT&T, Discovery deal in focus and Tesla
U.S. equity markets were lower as traders digested the AT&T-Discovery mega-merger......»»
Crude Is Crashing
Crude Is Crashing After its exuberant rip on the day that the latest OPEC+ deal was announced last week, crude prices have collapsed, with WTI plunging back below $60, as reality sets in on what that supply surge really means (combi.....»»
OPEC+ officially announces a deal to gradually raise oil production starting in May
The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, announced Thursday that they've reached an agreement that would see production gradually climb from May through July. Details o.....»»
Exclusive: Wells Fargo shifts energy bankers to focus on bankruptcies
Wells Fargo & Co has revived its special group for bad energy loans in recent weeks as the bank braces for more pain from the sharp downturn in oil prices, people familiar with the matter told Reuters......»»
Market Snapshot: Stocks drop to session lows as oil prices crash, overshadowing plans to ease global lockdowns
Dow plunges 500 points to session lows Monday afternoon as focus shifts away from plans for a staggered reopening of economies all over the world to crashing oil prices in the wake of the COVID-19 pandemic......»»
Crude mixed on output deal, recession fears; shares slip
Stocks on Wall Street slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut......»»
OPEC"s biggest-ever oil cut fails to lift confidence
Asian shares fell on Monday as investors braced for more signs of economic damage from the coronavirus pandemic, although a landmark deal by OPEC and its allies to slash output helped oil prices climb in volatile trade. Libby Hogan reports.....»»
Crude gains on output deal, shares slip on recession fears
Stocks on Wall Street slid while crude prices edged higher on Monday as a global deal on record output cuts failed to quell concerns on whether the pact is enough to head off an oil glut as the coronavirus pandemic hammers economies worldwide......»»
Oil prices are flat after OPEC and allies agree to historic production cut
Oil prices were flat in overnight trading after OPEC and its allies agreed to a historic deal to cut production by a record 9.7 million barrels per day......»»
Oil gains on OPEC+ deal, stocks stymied by pandemic worries
Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its allies to cut output......»»
Goldman Sachs still sees crude prices falling after OPEC+ deal
Goldman Sachs said on Sunday that the deal between major oil producers to cut output by nearly 10 million barrels per day is 'historic yet insufficient,' adding that no deal would be enough to offset the sharp drop in demand already occurring......»»