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DUBAI/MOSCOW, April 4 (Reuters) - OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
OIL is witnessing an unprecedented, simultaneous demand and supply shock that has the potential to send prices further down as the world runs out of space to store supplies coming to a market that has seen demand crash due to the coronavirus pandemic.
ON Thursday afternoon, an interesting development took place that saw investors quickly rushing into oil and gas (O&G) stocks on Bursa Malaysia.
THE best time to buy properties is during times of crisis, such as the current environment where the Covid 19 pandemic has thrust the global economy into a tailspin.
NEW YORK: Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a global deal to cut crude supply worldwide will emerge early next week.
LONDON (Bloomberg) -- The OPEC+ coalition is pushing for other major oil producers to join it in a deep reduction of global crude output and stem the historic rout in prices, a move that sent futures sharply higher.
OIL slid back below US$25 a barrel after a record surge as doubts crept in about a deal touted on Twitter by U.S. President Donald Trump that would see deep supply cuts from producers including Saudi Arabia and Russia.
KUALA LUMPUR: A downgrade on the country's banking sector is a global trend affecting many countries including in Asia Pacific and not only limited to Malaysia. KUALA LUMPUR: A downgrade on the country's banking sector is a global trend affecting many countries including in Asia Pacific and not only limited on Malaysia.
KUALA LUMPUR: Equities turned lower on Friday as investors began cashing out on the recent surge in oil prices as doubts arose over a deal between major oil producers.
Lazy writing, torture porn, a dystopian future and needless violence – what has become of Star Trek?