Canada, US seek to stabilize oil prices

Canadian Natural Resources Minister Seamus O’Regan said on Thursday after a call with U.S. Energy Secretary Dan Brouillette that Canada and the United States will work at the Group of 20 indus

OPEC and Russia to discuss record oil output cuts

Reuters news agency reported that OPEC and Russia will discuss record oil output cuts on Thursday to support prices hammered by the coronavirus crisis but talks are complicated by internal disagreem

Oil prices rise as focus swivels to OPEC, Russia meeting on output cuts

Reuters news agency reported that oil climbed on Wednesday, reversing most of the prior session’s losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producer

Oil falls on oversupply fears, but stocks jump on despair with corona virus

Oil prices fell on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronaviru

OPEC + discusses the largest oil cuts, pending American efforts

Reuters News Agency reported OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of worldwide supply in what they expect will be a global effor

Coronavirus pandemic disrupts global food supplies

In the short-term, lack of air freight and trucker shortages are disrupting deliveries of fresh food, Reuters reported. The coronavirus pandemic has disrupted global food supplies and is causing la

Oil drops on scepticism over Trump's Saudi-Russia output deal

Reuters news agency reported that oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after U.S. President Donald Trump said he had brokered a deal between Sau

Trump to discuss ways to help industry “ravaged” on coronavirus, Saudi Arabia- Russia war

Reuters news agency reported US President Donald Trump said he has invited US oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand d

Mixed crude oil prices as US inventory build-up heightens oversupply concerns

Reuters news agency reported that crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as d

Shares under pressure after biggest quarterly drop since 2008

Reuters News agency reported that Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decl

Crude oil benchmarks fall as pandemic darkens demand outlook

Reuters News Agency reported that crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as fears grew over the coronavirus pandemic eroding demand and the S

Houthis confirm their readiness to pay salaries, but on one condition

اضغط هنا لقراءة الخبر بالعربية Ansar Allah group (Houthis) announced, on Friday evening, that it is ready to pay the salaries of all employees registered in the official r

Oil prices fall posting 5th straight weekly loss despite stimulus efforts

Reuters News Agency reported that the oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymak

Mixed oil prices as demand shrinks, but stimulus hopes support

Reuters News Agency reported that oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetti

Oil gains continue as optimism over US stimulus lifts global markets

Reuters News Agency reported that oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid pac

Oil prices rise, US gasoline fall on sinking demand

Reuters news agency reported that oil prices inched higher on Monday, while U.S. gasoline prices plunged more than 30% to a record low as global restrictions on travel to slow the spread of coronavi

Brent crude continues to decline as coronavirus shutdowns sap demand

Reuters news agency reported that brent crude prices extended falls on Monday amid more action by governments to contain the global coronavirus outbreak that has slashed the demand outlook for oil a

Oil prices fall for 4th week; US crude records biggest weekly loss since 1991

Reuters News Agency reported that US crude tumbled 10.7% on Friday and posted its biggest weekly decline since the 1991 Gulf War as the coronavirus epidemic dried up global demand and as officials i