Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it.
Stocks around the world climbed on Wednesday, and the S&P 500 surged toward its first gain of what’s been a dismal week.
Malaysia’s Petronas said on Wednesday it raised $6 billion by a multi-tranche senior bond offering, the state oil company’s first such sale in five years.
LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests
The latest PMI data from S&P Global signalled a robust improvement in business conditions across Saudi Arabia’s non-oil private sector economy in June.
US Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to work together to address rising food and energy prices,
The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.
Opec expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said in its first forecast for next year, citing still robust economic growth
Oil prices fell by around 1% on Monday, extending losses of over 3% from Friday, when crude markets slipped to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears