Oil prices hit a five-month low on Monday following fresh virus-induced lockdowns. Read more at https://www.bbc.com/news/business-54775143
Category: Oil and gas
BP returns to profit but pandemic weighs on demand
BP returned to profit in the third quarter, but the global coronavirus crisis continued to hit…
Shell to cut up to 9,000 jobs as oil demand slumps
Royal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds…
OPEC+ is facing a ‘very delicate, fragile balancing act’ in the oil market, strategist says
OPEC and its allies need to find a balance between supporting oil prices and keeping U.S.…
Oil producers expected to increase crude output
The world’s leading oil producers are expected to announce an increase in output this week amid…
BP to cut 10,000 jobs as virus hits demand for oil
BP has announced plans to cut 10,000 jobs following a global slump in demand for oil…
Rosneft replaces sanctioned trading arm with new one – sources
MOSCOW (Reuters) – Russia’s Rosneft (ROSN.MM), which closed its oil trading arm after sanctions were imposed…
Oil producers scramble to find ‘creative’ storage options after historic price crash
An unprecedented collapse in oil demand has forced some producers to come up with “creative” measures…
Oil drops 11%, extending Monday’s 25% decline
Oil prices slid 11% during overnight trading, extending Monday’s nearly 25% decline on ongoing fears that…
US oil prices drop to 21-year low as demand dries up
The price of US oil has fallen to a level not seen since 1999, as demand…
Why is the petrol price nearing £1 a litre?
The cost of petrol in the UK is approaching £1 a litre for the first time…
Oil prices rise on hopes of a price war truce
Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to…