Oil giant BP plunges into $16.8-bn quarterly loss
BP plunged into a net loss of almost $16.85 billion in the second quarter, the British oil giant announced Tuesday, as the coronavirus pandemic ravaged demand for oil, sending prices tumbling.
4 August 2020, 7:48
Saudi govt adopts austerity measures
The twin shocks of the novel coronavirus pandemic and a plunge in oil prices have prompted the government to triple its value-added tax, suspend a monthly allowance to civil servants and slash ...
12 June 2020, 9:41
Reducing oil prices would benefit economy
The prices of fuel oil have dipped to a record low due to lockdowns imposed across the world amid coronavirus outbreak. According to the latest statistics, each barrel oil is being sold at $22 to ...
13 May 2020, 21:14
Oil down in Asia after big gains last week
Oil prices were down in Asian trade Monday after big gains last week on signs of a demand revival as some governments ease coronavirus lockdown measures
11 May 2020, 3:19
Bangladesh ‘looks unable’ to take advantage of low fuel price
Bangladesh is unlikely to be able to take advantage of the declining oil price in the global market for lack of its additional storage capacity
29 April 2020, 13:35
Asian shares fall on fresh rout in crude prices
Asian shares and US stock futures dipped into the red on Tuesday, erasing earlier gains as a renewed decline in oil prices overshadowed optimism about the easing of coronavirus-related restrictions ...
28 April 2020, 3:42
Oil prices jump as US, Iran tensions rise
Oil prices soared Thursday as escalating tensions between the US and Iran in the Gulf eclipsed concerns about a coronavirus-triggered demand shock and storage facilities reaching capacity.
23 April 2020, 5:30
US oil prices jump after massive rout
US oil prices surged Wednesday after falling below zero for the first time at the start of the week as markets drown in crude due to a virus-triggered collapse in demand.
22 April 2020, 3:22
Wall Street tumbles amid oil crash
Wall Street’s major averages closed sharply lower on Monday as market sentiment was dented by a historic drop in US crude prices
21 April 2020, 3:28
Oil near 18-year lows
Oil languished at multi-year lows Thursday, with WTI crude close to its weakest level since 2002, as dire warnings about a virus-triggered demand shock overshadowed massive output cuts
16 April 2020, 3:07