economies

Oil market is re-balancing, but path to ‘next normal’ not a straight line, says energy CEO

May 15, 2020

CNBC Oil markets are re-balancing after a collapse in demand following the coronavirus outbreak but the pathway to “the next normal” is still very uncertain, the CEO of Abu Dhabi’s National Oil Company (ADNOC) said Thursday. “There are good signs that the market has tightened in recent weeks and the OPEC++ agreement, voluntary cuts outside of OPEC and the production shut-ins are working together

Oil Gains About 3%; Records Loss for Week After Trump Tariff Threat

August 2, 2019

From Reuters Oil prices gained about 3% on Friday a day after recording their biggest daily drop in several years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports. For the week, crude oil benchmarks recorded a loss. Washington’s new tariffs on China, due to take effect on Sept. 1, intensify the trade war between the

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

August 1, 2019

From Reuters Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1. The drop in Brent crude was the steepest in more than three years, undoing a fragile oil rally built on steady drawdowns

Oil market is re-balancing, but path to ‘next normal’ not a straight line, says energy CEO

Oil Gains About 3%; Records Loss for Week After Trump Tariff Threat

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

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