Oil prices fell almost 1% on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.
Oil Falls Nearly 1% On Virus Impact, Opec+ Delay
Reuters: Business News, Reuters: Business
Tue, 02/18/2020 - 9:20am
BING NEWS:
- OPEC’s Oil Production Falls in April
OPEC’s crude oil production fell in April, according to a new Reuters survey, with news of the fall likely to add support to falling oil prices.
04/30/2024 - 6:30 am | View Link - OPEC oil output falls in April led by Iran, Iraq, survey finds
OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed ...
04/30/2024 - 3:51 am | View Link - Understanding the Correlation Between Oil and Currency
It had more than one-quarter of OPEC's share of global supply as of the ... 4.3 million Economic diversity shows a greater impact on underlying currencies than absolute export numbers.
04/16/2024 - 1:01 pm | View Link - Oil Market to Get ‘Extremely Tight’ in Second Half, Citadel Says
Global oil markets are on track to be “extremely tight” in the second half, with prices rising to a level that will eventually constrain demand if OPEC doesn’t bring back more supply ...
04/8/2024 - 3:45 am | View Link - OPEC+ gets oil price to its sweet spot, the trick is keeping it there
The voluntary production cuts are led by Saudi Arabia and Russia, the top exporters in the group which brings together the Organization of the Petroleum Exporting Countries (OPEC) and allies.
04/4/2024 - 1:00 am | View Link - More
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