Saudi Arabia and Russia are at war of sorts. They had teamed up on oil production, and thus prices, in light of US shale output, but when Riyadh wanted to cut production to keep prices stable in light of a nosedive in demand, partly due ...  +

Oil refiners’ margins may draw some temporary benefits from the plunge in crude prices, but it won’t be enough to offset the coronavirus’ hit to fuel demand and new plants coming online.   Read Article  +

Oil refiners’ margins may draw some temporary benefits from the plunge in crude prices, but it won’t be enough to offset the coronavirus’ hit to fuel demand and new plants coming online.   Read Article  +

Oil crashed more than 30 per cent at the start of trading on Monday - the steepest since the Gulf War in 1991 - after the break-up of the Opec+ alliance last week, which had helped to resuscitate markets from the price slump starting in ...  +

Oil prices suffered an historic collapse Monday after Saudi Arabia shocked the market by launching a price war against onetime ally Russia.   Read Article  +

Oil prices crashed as much as 30 per cent within seconds of the market opening on Sunday evening after Saudi Arabia launched an aggressive price war over the weekend, driving crude to its lowest level in four years.   Read Article  +

Oil prices crashed as much as 30 per cent within seconds of the market opening on Sunday evening after Saudi Arabia launched an aggressive price war over the weekend, driving crude to its lowest level in four years.   Read Article  +

Oil prices suffered an historic collapse Monday after Saudi Arabia shocked the market by launching a price war against onetime ally Russia.   Read Article  +

Oil crashed more than 30 per cent at the start of trading on Monday - the steepest since the Gulf War in 1991 - after the break-up of the Opec+ alliance last week, which had helped to resuscitate markets from the price slump starting in ...  +

Saudi Arabia plans to boost oil output next month to well above 10 MMbpd, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.   Read Article  +