crude oil
Stocks Sink Under Weight of Another Collapse in Oil Prices
Stocks have fallen in early trading on Wall Street April 20, as energy stocks get hammered by the latest collapse in the price of oil.
April 20, 2020Oil Drops to 18-Year Low on Record Demand Collapse
Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.
April 15, 2020Saudi Oil Keeps Flooding Market With Output Pact Yet to Begin

Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then — swelling stockpiles for at least a few more weeks.
April 15, 2020OPEC, Oil Nations Agree to Nearly 10 Million Barrel Cut Amid Virus

OPEC, Russia and other oil-producing nations on April 12 finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.
April 13, 2020Mexico Strikes Deal With US, Paving Way for OPEC Output Cuts

Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries.
April 10, 2020Oil Soars After Trump Says Saudis and Russia Will Cut Production
Oil soared after President Trump said that he expects Saudi Arabia and Russia to cut output back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman.
April 2, 2020Oil Tanks at Vital Africa Hub Almost Full as Crude Floods Market

Oil tanks at one of the world’s largest storage hubs on Africa’s southern tip already are almost full, limiting traders’ options as a historic flood of crude hits the market.
April 2, 2020Trump: World’s Biggest Oil Producers to Meet on Market Crash

President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching a historic plunge in oil prices.
April 1, 2020Canadian Crude Now Costs More to Ship Than to Buy

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.
March 27, 2020Projections Show World Could Run Out of Places to Store Oil

The world will run out of places to store oil in as little as three months, according to an industry consultant.
March 26, 2020