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SINGAPORE (Reuters) - U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions, senior U.S. officials said on Thursday.
SINGAPORE: Oil rose to US$60 a barrel for the first time in almost three months after US President Donald Trump signed off on a partial trade deal with China, giving a boost to the fragile outlook for global oil demand.
BEIJING/LONDON/RIYADH: The OPEC club of oil-producing countries begins meeting on Thursday (March 5) in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the Covid-19 (coronavirus).
LONDON/DUBAI/SINGAPORE:Oil prices jumped by around 8% on Tuesday (March 10) a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and Russia signalled that talks with OPEC remained possible.
HANOI (Vietnam News/ANN): Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of the novel coronavirus, or Covid-19
HONG KONG: Asian markets fluctuated on Tuesday (March 17) after Wall Street suffered its worst day in more than three decades with the Covid-19 (coronavirus) panic sweeping the planet, though European equities enjoyed an early bounce.
SINGAPORE: Oil rose further Friday (March 20) after a dramatic rebound from multi-year lows but stayed below $30 a barrel on fears the Covid-19 (coronavirus) will push the world into recession with an oversupply. US benchmark West Texas Intermediate (WTI) was up 3.65% to US$26.14 a barrel in midday Asian trade. Brent climbed 2.14% to US$29.08 a barrel.
HONG KONG/LONDON: The price of crude oil surged again Friday (April 4) after OPEC said it would talk to non-members, notably Russia, giving investors hope that they will stop a price war which has created market chaos along with crushed demand because of the Covid-19 (coronavirus) outbreak.
HONG KONG: Asia markets fell Monday with investors cautious on news of an international deal to shore up oil prices and tentative signs of progress in efforts to combat the coronavirus pandemic. OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal on Sunday to cut production by nearly 10 million barrels per day from May.