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Futures Movers: Crude prices rebound after tapping 18-year low
U.S. oil prices rebounded sharply on Tuesday, after falling to the lowest level since 2002 amid a demand slump due to the coronavirus pandemic and a glut of supply thanks to a Russia-Saudi oil-price war......»»
LCD driver IC supply falling short of demand by over 20%
The supply of LCD driver ICs has fallen short of demand by more than 20%, prompting Taiwan-based suppliers to consider price hikes, according to industry sources......»»
Oil prices rally as producers tackle supply glut
Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply......»»
Futures Movers: U.S. oil price hovers near $11 a barrel as steep selloff continues
U.S. oil prices tumbled anew on Tuesday, on the heels of the second-lowest settlement on record for the June contract as a glut of supply and lack of storage continued to dog the market......»»
Remember the 1980s glut: Ex-BP boss Browne warns oil will stay low
The oil price will stay low for some time as supply exceeds demand and the current situation on global oil markets is reminiscent of the 1980s oil glut, former BP boss John Browne said on Tuesday......»»
Oil price crashes into negative territory for the first time in history amid pandemic
U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil......»»
Oil plunges as Saudi Arabia, Russia output deal remains elusive
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Oil climbs as Saudi Arabia, Russia reportedly agree to output cuts
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Oil spikes as Saudi Arabia, Russia move closer to output deal
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Futures Movers: Crude-oil prices post the largest quarterly percentage drop on record
Oil prices on Tuesday reveal the largest quarterly percentage declines on record, and a loss of more than half their value for the month amid a demand slump caused by the coronavirus pandemic and a glut of supply thanks to a Russia-Saudi oil-price war......»»
Futures Movers: Oil prices mixed after plunging to 4-year low
Oil futures are mixed Tuesday, a day after falling to a four-year low, as traders focused on expectations for a massive hit to demand from the global spread of COVID-19 and an increase in supply as Russia and Saudi Arabia engage in a global price war......»»
Oil slumps again as coronavirus hits demand and price war bites
Oil fell on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top producers added to a growing supply glut......»»
Samsung Electronics" second-quarter profit likely halved as Huawei woes worsen chip glut
Samsung Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip shipments to China's embattled Huawei exacerbated a price-squeezing supply glut......»»
Instant view: OPEC"s nine-month oil output curb boosts price outlook, shale
OPEC ministers on Monday agreed to extend the oil producers' group supply cuts until early 2020 to prop up crude prices and offset the risk of a market glut amid growing U.S. output and a weakening global economy......»»
Medical marijuana dispensaries" price wars causing concern in industry
As the market for medical cannabis matures, prices have been falling. But a new state law could help alleviate some of those price drops......»»
Global Supply/Demand Deficit And Falling Gold:Silver Ratio To Boost Silver Price And Selected Silver Stocks
Global Supply/Demand Deficit And Falling Gold:Silver Ratio To Boost Silver Price And Selected Silver Stocks.....»»
Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears - Wall Street Journal
Wall Street JournalTrans-Atlantic Oil-Price Spread Soars as Supply Glut DisappearsWall Street.....»»
As Oil Industry Recovers From a Glut, a Supply Crunch Might Be Looming
Crude across the globe is being used up faster than it is being replaced, raising concerns among some industry watchers of a massive price spike that could hurt businesses and consumers......»»
Seeing the bigger picture: oil price slump is part of broader Asian pullback
The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks......»»
Oil prices fall for third straight session amid supply glut worries
Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world's biggest producer, stoked worries about oversupply......»»