Tuesday, November 24, 2020

Oil

Historic day for oil markets as WTI crude crashes below zero for first time

Oil futures collapsed to below zero for the first time as the deepening economic turmoil caused by the coronavirus crisis left traders desperate to avoid taking delivery of physical crude. HISTORIC CHART: WTI May oil futures settle at -$37.63 a...

U.S. Oil Prices Fall To $11 Per Barrel In Historic Crash

The oil market is in meltdown mode. US crude crashed an insane 41% on Monday to as low as $10.77 a barrel – the weakest level since December 1998. The latest collapse leaves oil down 83% since the January peak of...

Drastic decline in global crude price as fed cuts interest rate to zero

The Federal Reserve took yet another bold action on Sunday evening, announcing that the central bank would be slashing interest rates to zero percent. But the markets weren't impressed, with the Dow dropping over 2,000 points, and oil prices...

Corona virus threatens fuel demand, pushes oil down 2 percent

Oil prices fell two percent Thursday, due to concerns that the spread of a virus that appeared in China may reduce demand for fuel if it harms economic growth, but losses came limited after a decline in US stocks...

Oil reaches highest level in 3 months

Brent crude Oil futures rose six cents, or 0.1%, to $67.98 a barrel, after rising to $68.10, the highest level since September, and U.S. West Texas Intermediate crude futures rose 11 cents, or 0.2%, to $61.79 a barrel. Thursday's survey...

Trump: America does not need Middle East crude oil, but shipments continue

President Donald Trump has confirmed that the United States has become a major crude oil producer no longer needs oil from the Middle East amid a wave of tweets on Monday morning about the weekend attacks on two oil...

Imposition of tax on LNG to heighten energy crisis – Makda POGEE 2019 to provide many solutions of the energy crisis

The present government should resolve energy crisis prevailing in the country otherwise all efforts to lift the ailing economy could prove to be futile, this was stated by the Chief Guest and President, Karachi Chamber of Commerce and Industry...

America suspects Iran of attacks on oil tankers

America blames Iran for the alleged attacks on two oil tankers in the Gulf of Oman. "It is the US government's assessment that the Islamic Republic of Iran is responsible for the attacks that occurred in the Gulf of...

ExxonMobil announces Two new discoveries offshore Guyana

ExxonMobil said on Wednesday it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable resource...

Pakistan to get upto 8 trillion cubic feet gas besides Oil from offshore drilling

Ghulam Sarwar Khan, Federal Minister for Petroleum met Irtiza Syed, CEO, EXXON Mobil on Wednesday at his office. Irtiza briefed minister about progress at Indus G Block. Ghulam Sarwar Khan said 2019 will be good year for all of...
- Advertisement -

Latest News

Mozambique and Tanzania launches joint operations against rebels

Mozambique and Tanzania would start joint operations to fight an insurgency, under an agreement that also includes the handover...
- Advertisement -

US-based Chinese opponents support Trump’s allegation of fraudulent election

Some Chinese opposition activists in the field of human rights residing in the United States, who support Donald Trump's hard-line stance towards Beijing, have...

Systems Limited Wins Forbes Asia’s Best Under A Billion Award 2020

Systems Limited – a next-generation global technology company enabling enterprises to reimagine their businesses through information technology (IT) and business process outsourcing (BPO) services...

Global tax evasion hits $ 427 billion annually

Governments around the world lose about $ 427 billion annually due to fraud and tax evasion as companies and wealthy people divert their money...

Australian special forces involved in murder of 39 Afghan civilians, war crimes report alleges

According to the results of the years-long Canberra investigation into the conduct of Australian Special Forces personnel in Afghanistan between 2005 and 2016, the...