Edition:
India

Devika Krishna Kumar

Oil rallies past 8-month high on U.S. crude inventory draw, vaccine hopes

26 Nov 2020

NEW YORK Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.

Pipe dreams leave U.S. energy firms caught in climate trap

24 Nov 2020

By Stephanie Kelly, Devika Krishna Kumar and Jessica Resnick-Ault

U.S. regulator issues report on negative oil prices

24 Nov 2020

NEW YORK A U.S. regulator on Monday issued a report detailing events that led up to U.S. crude futures' historic collapse into negative territory in April, but did not delve into the actions by individuals or firms that may have profited on the day.

Pipe dreams leave U.S. energy firms caught in climate trap

23 Nov 2020

By Stephanie Kelly, Devika Krishna Kumar and Jessica Resnick-Ault

Global crude market finds support mainly from China demand

19 Nov 2020

NEW YORK/MOSCOW/LONDON China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place.

Global crude market finds support mainly from China demand

19 Nov 2020

NEW YORK/MOSCOW/LONDON, Nov 19 China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place.

Oil gains 1% on potential OPEC+ rethink and vaccine hopes

19 Nov 2020

NEW YORK Oil prices firmed by about 1% on Wednesday on hopes OPEC and its allies will delay a planned increase in oil output and after Pfizer said its COVID-19 vaccine was more effective than previously reported.

Oil falls on rising Libya output, coronavirus surge

14 Nov 2020

NEW YORK Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand. | Video

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