Thursday, October 28, 2021

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...
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Protests in Tokyo against the marriage of Princess Mako with a commoner

The protest took place in the Japanese capital, Tokyo, in conjunction with the wedding of Japanese Princess Mako with...
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