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Global oil demand is in freefall because of the coronavirus pandemic, a situation that is exacerbated by the price war between Saudi Arabia and Russia, the head of the International Energy Agency said......»»

The energy market is reeling after a devastating one-two blow from the COVID-19 pandemic and the oil-price war between Saudi Arabia and Russia......»»

First Russia tossed a hand grenade into global oil markets. Then Saudi Arabia dropped a bomb. After the dramatic collapse of an alliance between the OPEC oil cartel and Russia, a one-day plunge of more than 30% in oil prices sent shockwaves throu.....»»

President Donald Trump spoke with the leader of the Saudi Arabia to discuss energy prices and other issues, the White House said Tuesday, against the backdrop of a price war between the Saudis and Russia has driven prices shar.....»»

Russia's Energy Ministry will meet with the country's oil companies on Wednesday to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters......»»

Energy titan Saudi Aramco said Tuesday it will boost its supply of crude oil to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia......»»

Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector......»»

Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector......»»

If the wider spread of COVID-19 wasn't bad enough for the public and the markets, now an oil price war between Russia and Saudi Arabia is pouring salt on the wounds......»»

Goldman Sachs commodity analysts slash their forecast for crude prices on Sunday after an alliance between Saudi Arabia-led OPEC and Russia collapses, launching a new “price war” between the producers......»»

Oil in London plunged the most since 2008 on signs of a breakdown in the global producer alliance that helped engineer crude’s recovery from the worst crash in a generation......»»

Shares of Chesapeake Energy Corp. plummeted 11% toward a record low close of just below 21 cents, as Russia's rejection of Saudi Arabia-proposed production cuts sent crude oil prices reeling. Chesapeake's stock has now tumbled 25.1% over the past w.....»»

Oil headed for the biggest plunge since 2015 on signs a global producer alliance that helped engineer crude’s recovery from the worst crash in a generation is unraveling......»»

Oil futures end lower on Friday, pressured by a reported rift in the crude-production alliance between Saudi Arabia and Russia as concerns about the spread of COVID-19 in China and beyond take a toll......»»

Oil futures lose ground Friday, pressured by a reported rift in the crude-production alliance between Saudi Arabia and Russia as concerns about the spread of COVID-19 in China and beyond take a toll......»»

Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue and amid signs Saudi Arabia and Kuwait could take as much as a year to bring a major field back to full capacity......»»

Oil prices rose on Tuesday in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories......»»

Oil prices edged higher on Tuesday after Russia's energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories......»»

Russia expects a constructive meeting with OPEC producers this week, its energy minister said on Tuesday, as OPEC leader Saudi Arabia presses members and allies such as Russia to deepen output cuts to avoid a new glut next year......»»

US Surpasses Saudi Arabia, Russia To Become World's Top Oil Exporter The US has once again surpassed Saudi Arabia and Russia to reclaim the No. 1 spot as the world's largest oil exporter, according to data from the International Energy A.....»»