Oil Price War
Oil Prices Hit Levels Last Seen in March on Vaccine ...
Oil rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal, which took prices to levels last seen when an oil price war erupted in early March between Russia and Saudi...
July 21, 2020
12:51 pm By Neha Mule
Saudi Triples VAT Rate in Austerity Drive Against Oi...
Saudi Arabia will triple its value added tax rate and suspend a cost of living allowance for state workers, it said on Monday, seeking to shield finances hit by low oil prices and a slump in demand for its lif...
May 11, 2020
11:03 am By Neha Mule
Oil Gains on OPEC+ Deal, Stocks Stymied by Pandemic ...
Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its alli...
April 13, 2020
12:15 pm By Neha Mule
Oil Prices Rise on Hopes OPEC+ Will Agree Supply Cut...
Oil prices rose on Thursday on expectations the world’s leading crude producers will overcome obstacles at a meeting later in the day that have so far prevented a deal to cut output in response to a collapse...
April 9, 2020
12:05 pm By Neha Mule
President Trump to Host Big Oil Executives to Discus...
U.S. President Donald Trump will meet with oil company executives at the White House on Friday to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a S...
April 3, 2020
12:54 pm By Neha Mule
Trump Expects Deal With Saudi Arabia & Russia to End...
Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their price war.
The cost of crude had fallen to 18-year lows as the two countries sl...
April 2, 2020
1:44 pm By Neha Mule