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Saudi authorities lock down several Jeddah neighbourhoods
RIYADH: Saudi authorities announced a lockdown and a partial curfew in seven neighbourhoods of the Red Sea city of Jeddah, starting on Sunday (April 5), as part of measures to contain the new coronavirus outbreak, the interior ministry said in a statement.
OPEC+ meeting to be delayed on new Saudi, Russia rift
HONG KONG: The OPEC+ meeting to try to end the oil price war is unlikely to go ahead on Monday as previously expected, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices. The OPEC+ alliance needs more time for negotiations, a delegate familiar with the matter said, noting the meeting may still happen a few days later.
Palm oil futures to remain sluggish
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain sluggish next week as weaker demand continues to weigh on prices
Platts Market Insight: Oil output cuts inevitable, but at what price?
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.
Oil and gas stocks rally this week
ON Thursday afternoon, an interesting development took place that saw investors quickly rushing into oil and gas (O&G) stocks on Bursa Malaysia.
With over a million coronavirus cases, economic freefall looms
BEIJING/NEW YORK: Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the world economy nosedived.
Oil price surges more than 13% on hopes of output deal
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.
Coronavirus-free Tajikistan turns to soccer as season kicks off
(Reuters) - Tajikistan's domestic soccer season is kicking off on schedule despite almost every other soccer league around the globe having ground to a halt due to the COVID-19 pandemic.
Oil price barrels ahead as OPEC flags meeting
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.
With over a million coronavirus cases, economic freefall looms
BEIJING/NEW YORK (Reuters) - Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the world economy nosedived.