Tag Archives: Oil Price

Oil markets are likely to take a hit from China’s deadly coronavirus. with aviation fuel suffering the most. if the SARS epidemic in 2003 is any guide. according to Goldman Sachs Group Inc.

Brian Gilvary will be succeeded by Murray Auchinchloss. who is currently the CFO of BP’s Upstream segment.

Crude oil output from OPEC would dip to 29.6 million barrels per day in 2020.

Saudi Aramco’s status as an oil-producing behemoth always marked it as likely to suffer bouts of volatility.

Mexico’s government hedged oil exports for this year at an average $49 a barrel. locking in protection against low crude prices.

Saudi Aramco shares extended their losses for a fourth session. reversing about half the gains accumulated from the rally following the company’s historic trading debut.

JP Morgan Research expects the oil price to peak in the first three months of 2020.

Iran is currently under sanctions and consequently its oil production has faced with restrictions. But Minister Zangeneh said Iran’s known oil and gas reserves should not be ignored in the mid and long-term.

A drop in US crude inventories helped oil prices to stay near three-month highs.

Oil prices are struggling to extend their gains as investors await further details regarding the U.S.-China ‘Phase One’ trade deal.