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  • Oil selloff pauses, but outlook shaky on surging coronavirus cases, supply woes Oct 27, 2020 07:44 AM IST

    Oil selloff pauses, but outlook shaky on surging coronavirus cases, supply woes

    In early Asia, Brent crude was up 12 cents, or 0.3%, at $40.58 a barrel by 0039 GMT, having dropped more than 3% overnight. U.S. oil was up 13 cents, or 03%, at $38.69 a barrel, after also declining more than 3% on Monday.

  • OPEC chief says rising infections may delay oil recovery Oct 26, 2020 08:29 PM IST

    OPEC chief says rising infections may delay oil recovery

    OPEC's Mohammad Barkindo, asked at the virtual India Energy Forum by CERAWeek if the second wave of the virus required any changes to OPEC+ strategy, said hopes earlier this year of a demand rebound had been disappointed.

  • Oil falls as COVID-19 case surge stokes demand concerns Oct 26, 2020 09:56 AM IST

    Oil falls as COVID-19 case surge stokes demand concerns

    Brent crude was down 70 cents, or 1.7%, at $41.07 by 0353 GMT. U.S. West Texas Intermediate (WTI) dropped 69 cents, or 1.7%, to $39.16, having fallen more than a dollar shortly after the start of trading.

  • Oil falls more than 1% as surging COVID-19 cases stoke demand fears Oct 26, 2020 07:06 AM IST

    Oil falls more than 1% as surging COVID-19 cases stoke demand fears

    Brent crude was down by 53 cents, or 1.3%, at $41.24 by 0052 GMT. U.S. West Texas Intermediate (WTI) dropped 53 cents, or 1.3%, to $39.32, having fallen more than a dollar shortly after the start of trading.

  • Oil falls after US inventory build feeds oversupply fears Oct 21, 2020 08:07 AM IST

    Oil falls after US inventory build feeds oversupply fears

    Brent crude futures for December delivery were at $42.94 a barrel, down 22 cents, or 0.5%, as of 0035 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 23 cents, or 0.7%, to $41.47 a barrel.

  • Oil prices drop for fourth day as COVID-19 second wave worries intensify Oct 20, 2020 07:54 AM IST

    Oil prices drop for fourth day as COVID-19 second wave worries intensify

    Brent crude futures fell 30 cents, or 0.7%, to $42.32 a barrel by 0149 GMT, after falling 31 cents on Monday.

  • OPEC+ to discuss weakening oil demand outlook Oct 19, 2020 02:40 PM IST

    OPEC+ to discuss weakening oil demand outlook

    The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, have been reducing output since January 2017 in an effort to balance the market, support prices and reduce inventories.

  • OPEC+ fears second virus wave could lead to oil surplus in 2021 Oct 16, 2020 08:21 PM IST

    OPEC+ fears second virus wave could lead to oil surplus in 2021

    The document presented scenarios that included a base case that still showed a deficit in 2021 of 1.9 million barrels per day (bpd) on average, albeit less than the deficit of 2.7 million bpd forecast in the previous month's base case.

  • OPEC cuts 2021 oil demand forecast again as coronavirus cases rise Oct 13, 2020 07:26 PM IST

    OPEC cuts 2021 oil demand forecast again as coronavirus cases rise

    A further weakening of demand could threaten plans by OPEC and allies to taper in 2021 the record oil output cuts they made this year.

  • Oil prices steady amid return of supply, while COVID-19 lockdowns tighten Oct 13, 2020 07:50 AM IST

    Oil prices steady amid return of supply, while COVID-19 lockdowns tighten

    The return of supply comes as resurgent COVID-19 infections in the U.S. Midwest and Europe raise worries about fuel demand growth, posing a challenge for the Organization of Petroleum Exporting Countries and its allies, together called OPEC+.

  • Oil prices extend losses as US producers restore output post-hurricane Oct 12, 2020 07:16 AM IST

    Oil prices extend losses as US producers restore output post-hurricane

    Brent crude for December fell 55 cents, or 1.3%, to $42.30 a barrel by 0023 GMT and U.S. West Texas Intermediate for November was at $40.08 a barrel, down 52 cents, or 1.3%.

  • Oil prices slide as Donald Trump cancels aid talks, US crude stocks expand Oct 07, 2020 07:30 AM IST

    Oil prices slide as Donald Trump cancels aid talks, US crude stocks expand

    U.S. West Texas Intermediate (WTI) crude oil futures fell 87 cents, or 2.1%, to $39.80 a barrel by 0104 GMT while Brent crude futures fell by 74 cents, or 1.7%, to $41.91 a barrel.

  • Oil falls further as Donald Trump tests positive for COVID-19 Oct 02, 2020 11:15 AM IST

    Oil falls further as Donald Trump tests positive for COVID-19

    Brent crude slipped on the news and was down 78 cents, or 1.9%, at $40.53 a barrel at 0516 GMT. U.S. oil was 79 cents, or 2%, lower at $37.93.

  • Oil drops for second day as worsening pandemic threatens demand drop Oct 02, 2020 07:53 AM IST

    Oil drops for second day as worsening pandemic threatens demand drop

    Brent crude was down 36 cents, or 0.9%, at $40.57 a barrel at 0055 GMT, after falling more than 3% on Thursday. U.S. oil was also 36 cents, or 0.9%, lower at $38.36, having fallen nearly 4% in the previous session.

  • Oil holds steady on hopes for US stimulus agreement Oct 01, 2020 08:47 AM IST

    Oil holds steady on hopes for US stimulus agreement

    But demand worries remain. Concerns are growing in New York, where COVID-19 infection rates continued to climb

  • Oil drops second day as surging coronavirus cases prompt demand worries Sep 30, 2020 07:56 AM IST

    Oil drops second day as surging coronavirus cases prompt demand worries

    Brent crude dropped 23 cents, or 0.6%, to $41.03 per barrel by 0048 GMT. West Texas Intermediate fell 26 cents, or 0.7%, to $39.29.

  • Oil slips as demand worries offset hopes for stimulus Sep 29, 2020 08:29 AM IST

    Oil slips as demand worries offset hopes for stimulus

    U.S. West Texas Intermediate (WTI) crude futures slipped 17 cents, or 0.4%, to $40.43 at 0120 GMT, while Brent crude futures also fell 17 cents, or 0.4%, to $42.26 a barrel. Both benchmarks rose about 1% on Monday.

  • Oil slips as surge in virus cases cloud demand recovery Sep 28, 2020 11:38 AM IST

    Oil slips as surge in virus cases cloud demand recovery

    Brent crude fell 23 cents, or 0.6%, to $41.69 a barrel by 0243 GMT after dropping 2.9% last week. U.S. West Texas Intermediate was at $40.04 a barrel, down 21 cents or 0.5%, following a 2.1% decline last week.

  • Oil steady as market eyes coronavirus hit to demand Sep 25, 2020 07:14 AM IST

    Oil steady as market eyes coronavirus hit to demand

    Brent crude was down 2 cents at $41.92 a barrel by 0113 GMT, while U.S. West Texas Intermediate (WTI) crude was 3 cents firmer at $40.34.

  • Oil falls on fuel demand growth concerns as coronavirus lingers Sep 24, 2020 08:15 AM IST

    Oil falls on fuel demand growth concerns as coronavirus lingers

    Those fears prompted a rally in the dollar as investors turned to safer assets, adding pressure to oil prices. A stronger dollar makes oil, priced in U.S. dollars, less attractive to global buyers.

  • Oil-trading bribery probe widens with new US charges, guilty pleas Sep 24, 2020 08:00 AM IST

    Oil-trading bribery probe widens with new US charges, guilty pleas

    Authorities in the United States and Brazil are investigating improper payments to officials at Petrobras, Brazil's state-run oil company, as part of Brazil's far-reaching corruption probe, known as Car Wash. The latest U.S. court filings shed new light on the role of energy traders in a scheme that has led to charges against hundreds of powerful business leaders and politicians.

  • Oil rises as US storm eases, but demand worries linger Sep 22, 2020 08:20 AM IST

    Oil rises as US storm eases, but demand worries linger

    U.S. West Texas Intermediate (WTI) crude futures for October, due to expire on Tuesday, rose 26 cents, or 0.7%, to $39.57 a barrel at 0224 GMT. The more active November contract rose 15 cents, or 0.4%, to $39.69.

  • Oil prices slip on potential Libyan oil return; Gulf storm supports Sep 21, 2020 07:20 AM IST

    Oil prices slip on potential Libyan oil return; Gulf storm supports

    Brent crude was down 20 cents, or 0.5%, at $42.95 a barrel by 0039 GMT, while U.S. crude fell by 27 cents, or 0.7%, to $40.84 a barrel.

  • Oil eases as US production returns after storm Sep 18, 2020 07:53 AM IST

    Oil eases as US production returns after storm

    Brent crude was down 6 cents at $43.24 a barrel by 0112 GMT, while U.S. oil futures dropped 6 cents to $40.91 a barrel. Both contracts have risen sharply this week as Hurricane Sally cut U.S. production and are on track for a weekly gain of around 9%, the first in three weeks.

  • Oil steady as demand worries revive, crews return to US Gulf rigs Sep 17, 2020 07:55 AM IST

    Oil steady as demand worries revive, crews return to US Gulf rigs

    U.S. West Texas Intermediate (WTI) crude futures were flat at $40.16 a barrel at 0118 GMT, after jumping 4.9% on Wednesday.

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