OPEC

The first wave of the coronavirus pandemic sent oil demand -- and prices -- plummeting in the spring

OPEC And Allies Strike Deal For Lower Production Hike From January

OPEC and allies strike deal for lower production hike from January

OPEC Delays Talks With Allies Until Thursday

OPEC cartel members are debating whether or not to go ahead with a planned increase in output

OPEC delays talks with allies until Thursday

OPEC+ Meeting Tuesday Will Seek To Agree On Extended Production Cuts

Oil prices may have returned to pre-pandemic levels but analysts worry that the global economy is not yet ready for OPEC and its allies to increase output as they had planned to in January

OPEC+ meeting Tuesday will seek to agree on extended production cuts

OPEC expects the number of cars on the roads in India to jump by more than five times by 2045 and, along with a similar increase in China, be one of the major drivers of rising oil demand

OPEC Doesn't See Peak Oil Demand -- Yet

OPEC doesn't see peak oil demand -- yet

More news

Oil firms are reckoning with the drop in demand and crude prices as lockdowns to contain the coronavirus have hammered economic activity

IEA Warns Global Oil Demand Will Contract More Than Expected This Year Due To Ongoing COVID Impact

IEA partly cited a weakening recovery in transport-aviation sector for its projection

South Korea's economy has been hammered by the coronavirus pandemic

S. Korea Reports Worst Economic Performance In More Than 20 Years

S. Korea reports worst economic performance in more than 20 years

China said it will retaliate after Donald Trump signed off on a bill authorising sanctions on banks over China's clampdown in Hong Kong

Stock Markets Get Boost From Vaccine Hopes

Stock markets get boost from vaccine hopes

Mexico Pemex 2

COVID-19 Is Killing Workers At Pemex, Mexico’s National Oil Company

At least 202 Pemex workers have been killed by the virus so far.

NYSE

Monday’s Stock Market Open: US Equities Rise Despite Record Spike In Covid-19 Infections In Florida

US stocks rose on Monday as the tech sector celebrated a huge merger among chipmakers

An unprecedented crash in oil prices is adding pressure to already stressed US producers, threatening key shale regions and putting vulnerable companies at risk of going under

Covid-19 Economy: U.S. Shale Oil Companies Facing Massive Losses, Bankruptcies And Consolidation

The U.S. shale oil industry allowed the country to become energy independent

NYSE

Monday’s Stock Market Open: US Equities Rise, Adding To Friday’s Rally On Optimism Over Economy Reopening

U.S. stocks jumped on Monday as OPEC agreed to extend historic output cuts

The 13-member OPEC and other oil producing nations such as Russia and Mexico are discussing a deal agreed in April to boost prices

OPEC, Allies Agree To Extend Deep Output Cuts Through July

The 13-member cartel and its allies, notably Russia, decided to extend by a month deep May and June cuts agreed in April to boost prices.

OPEC, Allies Meet To Discuss Output Cuts

OPEC, allies meet to discuss output cuts

With life slowly getting back to some form of normal in major cities including Paris, traders are hopeful for a quick global economic rebound

Stock Markets Power Ahead On Surprise US Jobs Rise

Stock markets power ahead on surprise US jobs rise

Meeting sooner than planned

Major Oil Producers To Meet Saturday About Output Cuts

Major oil producers to meet Saturday about output cuts

With demand hammered by the lockdown and producers still pumping oil, the crude market has gone into meltdown

OPEC, Russia May Extend Output Cuts To Support Crude Prices, But Timeline Uncertain

However, Saudi Arabia and Russia have not agreed on a timeline for cuts

iraq oilfield

Oil Prices: Is OPEC In A Death Spiral? Coronavirus Continues To Drain Industry

The oil cartel issued a bleak demand forecast for the remainder of the year.

Aramco was listed on the Saudi stock market in December following the world's largest initial public offering but has since been hit by a slump in world oil prices as the coronavirus pandemic has sent the world into recession

Saudi Aramco’s First Quarter Profit Plunges 25%, But Dividend Payments Remain On Track

Saudi Aramco vowed to make huge dividend payments prior to last year’s IPO

Algeria's newly inaugurated President Abdelmadjid Tebboune must now address the grievances of protesters who forced out his predecessor Abdelaziz Bouteflika in April and then boycotted his election last week in large numbers

Algeria, Reeling From Pandemic, Low Oil Prices, Rules Out Loans From IMF, World Bank

Algeria’s energy sector accounts for 20% of its GDP.

US President Donald Trump wants to help oil companies after a supply glut and shortage of storage space drove prices into the negative for the first time

Trump Orders Plan To Fund US Oil Companies

Trump orders plan to fund US oil companies

Major oil exporters have been battered by low demand as the coronavirus pandemic wreaks havoc on the global economy

Saudi Says Closely Monitoring Oil Markets, Ready To Act

Saudi says closely monitoring oil markets, ready to act

A trader wearing a face mask to protect against the coronavirus follows the market at Kuwait's stock exchange

Saudi Stocks Lead Gulf Bourses Down After Oil Slump

Saudi stocks lead Gulf bourses down after oil slump

With billions of people in lockdown, global cities have become ghost towns, though some governments are considering a slow easing of restrictions as infection and death rates ease

Devastating Oil Glut Sends Prices Into Negative, Wall Street Down

Devastating oil glut sends prices into negative, Wall Street down

The International Energy Agency still sees the global oil market still being in surplus early next year despite additional production cuts by OPEC and its allies

Oil Prices Drop To Record Low, Negative Territory Amid Coronavirus Pandemic Woes

The May contract, which expires Tuesday, settled at a negative $37.63, meaning producers might need to pay to get rid of crude.

Under pressure: the coronavirus crisis has 'historic shock' for the oil market according to OPEC

OPEC Says Oil Market Undergoing 'Historic Shock'

OPEC says oil market undergoing 'historic shock'

Tokyo's benchmark Nikkei 225 slid as a stronger yen weighed on investor sentiment

Global Stock Markets And Oil Prices Slide As Virus Impact Mounts

Global stock markets and oil prices slide as virus impact mounts

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