Big Oil shares sink while Chevron prepares for Noble Energy takeover
Noble Energy will today approve a buyout by US oil giant Chevron, at a stock value of $4.2bn.
oil prices
What is oil contract trading, and could prices go negative again?
As the Monday deadline for the June contract nears, Offshore Technology asks whether oil contracts could once again fall into negative prices.
Oil price rises with output cuts in response to Covid-19 demand
Oil prices have gained into Thursday, with signs producers are curbing production. Fuel demand has collapsed as the coronavirus pandemic continues to impact the world's economies.
Oil prices plunge to 20-year low as coronavirus hits demand
Oil prices have declined, falling to their lowest since 1999, as the evaporation of demand caused by the coronavirus pandemic has left the market awash with excess supply.
US crude oil futures break rock bottom, close down nearly $40
US crude oil prices were trading at historic lows below $0 a barrel, after turning negative for the first time ever, sinking nearly $40 in the previous session.
Oil price sinks with Covid-19 demand as US storage facilities fill
Oil prices fell on Monday due to concerns US storage facilities would soon be filled. The Covid-19 pandemic has crushed fuel demand, leading to increasing oversupply worries. Investors are also…
Oil prices stabilise after steep losses due to rise in US stocks
Oil prices seemed to have stabilised on Thursday after incurring major losses in the previous session, followiung a record increase in US crude stocks. Brent crude LCOc1 dropped 19 cents…
Oil prices fall $28 per barrel due to oversupply worries
Oil prices have fallen by 5% to around $28 a barrel on Wednesday. Reports have suggested persistent oversupply and collapsing demand in face of coronavirus-related lockdowns across the world. According…
Oil prices steady at $32 ahead of OPEC-led talks on production cuts
Oil prices have remained steady at $32 a barrel on Wednesday, supported by hopes of an agreement between Russia and Saudi Arabia later this week. A deal would lead to…
Oil prices rise with hopes of new agreement for production cuts
Oil prices have risen with hopes Saudi Arabia and Russia will agree a deal to cut output, as the Covid-19 pandemic keeps demand low. According to Reuters, Brent crude futures…
Brent crude oil futures make sharp rise above $30 a barrel
Brent crude oil futures have increased above $30 a barrel, reversing loss in early European trading on Friday. According to Reuters, Brent crude LCOc1 futures rose by $2.10, at $32.04…
