Oil prices experienced a wild ride in recent months as a global price-war and a slide to negative levels shook the market. The world’s most-traded commodity has mostly rebounded in May from its late-April lows, but traders still fear a prolonged demand pressure fuelled by the coronavirus. Here’s a timeline […]
A fish-farming group’s share price has mushroomed more than 2,500% in the past year. International Holdings Co. PJSC, an Abu Dhabi-based holding company, ballooned from less than $US150 million in market capitalisation to more than $US12 billion. IHC’s revenues more than doubled last year, and its net income soared 25-fold, […]
US Oil prices on Monday fell below zero dollars for the first time in history, with the price of West Texas Intermediate crude oil plummeting. As news about the negative price spread, people began to make memes about the low prices. Topics included purchasing barrels of oil with pocket change, […]
US West Texas Intermediate crude oil could plunge to negative $US100 per barrel next month, Paul Sankey of Mizuho Securities wrote in a Tuesday note. The call comes after WTI closed at a record low of about negative $US37 per barrel on Monday. It was the first time the price […]
Some OPEC members are considering cutting oil production right away instead of waiting until a historic deal begins next month, The Wall Street Journal reported Monday, citing sources familiar with the matter. The proposal comes after oil prices fell to record lows, trading below zero for the first time in […]
Oil prices plummeted to a 21-year low on Sunday evening as uncertainty mounted around storage of excess supply. The commodity has continued to fall over the past week, even after OPEC and its allies agreed to a historic production cut intended to backstop prices. WTI crude oil plunged as much […]
Russia and Saudi Arabia are prepping for a lengthy oil-price war after OPEC+ negotiations fell through and sparked an all-out sprint for market share. Saudi Arabia escalated the conflict on Tuesday, boosting production plans to a record 12.3 million barrels per day starting April 1. Russia fired back within minutes […]
Saudi Arabia, the most powerful political and...
The global appetite for oil has shrunk...
Saudi Arabia, which has taken a beating in...