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Oil prices slump as concerns of immediate OPEC+ action to cut output are quashed
Vicky Price: 'Gone are days Scotland benefitted from oil prices' We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The price of oil tumbled […]
China’s top container ports unclog backlog as virus curbs ease
By Muyu Xu and Shivani Singh BEIJING (Reuters) – China’s top container ports are loosening the backlog of cargoes on their docks as workers return to their jobs after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased. The flu-like epidemic, which originated in the city of Wuhan, […]
Saudi Aramco drops 10% after kingdom triggers oil price fall
DUBAI (Reuters) – Saudi Aramco <2222.SE> shares fell 10% on Monday after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices. Shares in Aramco were trading at 27 riyals ($7.20), 15.6% below its initial public offering […]