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February 22, 2020
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Oil falls 2% on renewed uncertainties over coronavirus outbreak

Reuters
LONDON (Reuters) – Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian economic data fuelled uncertainty about the economic outlook and as major crude producers showed no rush to cut output. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February......
Reuters - Business

Oil falls as coronavirus spread beyond China heightens demand fears

Reuters
TOKYO (Reuters) – Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February......
Reuters - Business

Oil firms on supply threats and easing demand woes

Reuters
LONDON (Reuters) – Oil prices rose on Thursday supported by China’s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick......
Reuters - Business

Oil prices gain on supply threats; demand concerns from coronavirus ease

Reuters
SINGAPORE (Reuters) – Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicenter of the outbreak. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S.,......
Reuters - Business

Oil rises on supply woes; demand concerns from coronavirus ease

Reuters
SINGAPORE (Reuters) – Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicenter of the outbreak. FILE PHOTO: Pump jacks operate at sunset in Midland,......
Reuters - Business

Oil rises on supply worries, while virus-led demand concerns ease

Reuters
SINGAPORE (Reuters) – Oil prices rose nearly 1% on Thursday, extending big gains from a day earlier, as the market worried about crude supply disruptions and demand concerns were cushioned after a sharp drop in new coronavirus cases at the epicenter of the outbreak. FILE PHOTO: Pump jacks operate at......
Reuters - Business

Oil up on slowing pace of coronavirus, Venezuela sanctions

Reuters
LONDON (Reuters) – Oil prices rose on Wednesday, with Brent gaining for a seventh straight day, after a slowing of new coronavirus cases in China eased demand worries and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market. FILE PHOTO: Pump jacks operate at......
Reuters - Business

Oil gains as optimism grows economic impact of coronavirus outbreak may be brief

Reuters
TOKYO (Reuters) – Oil prices gained 1% on Wednesday, with Brent rising a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market. FILE PHOTO: Pump......
Reuters - Business

Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak

Reuters
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo TOKYO (Reuters) – Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a......
Reuters - Business

Oil near flat; virus impact offsets Libya supply disruptions

Reuters
NEW YORK (Reuters) – Oil prices were near flat on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China, but prices drew support from a reduction in supply from Libya. FILE PHOTO: Pump jacks operate in front of a drilling rig in an......
Reuters - Business

Oil dips on virus impact, OPEC+ delay

Reuters
NEW YORK (Reuters) – Oil prices edged lower on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a drilling......
Reuters - Business

Oil falls nearly 1% on virus impact, OPEC+ delay

Reuters
NEW YORK (Reuters) – Oil prices fell almost 1% on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a......
Reuters - Business

Oil falls below $57 on virus impact, OPEC+ delay

Reuters
LONDON (Reuters) – Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a......
Reuters - Business

Oil drops below $57 on coronavirus impact and OPEC+ delay

Reuters
LONDON (Reuters) – Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. FILE PHOTO: Pump jacks operate in front of a......
Reuters - Business

China to grant tariff exemptions on 696 U.S. goods to support purchases

Reuters
BEIJING (Reuters) – China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States. FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote......
Reuters - Business

China to grant tariff exemptions on additional U.S. goods

Reuters
FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote and a Chinese 100 yuan banknote with late Chinese Chairman Mao Zedong are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – China said on Tuesday it would accept applications for new tariff......
Reuters - Business

Oil prices slip as coronavirus concerns linger

Reuters
SINGAPORE (Reuters) – Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas......
Reuters - Business

Oil edges up as output cut hopes offset coronavirus concern

Reuters
NEW YORK/LONDON (Reuters) – Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply. FILE PHOTO: A oil pump is seen at sunset outside Scheibenhard, near......
Reuters - Business

Oil prices slip ahead of data pointers on impact of coronavirus on demand

Reuters
SINGAPORE (Reuters) – Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand. FILE PHOTO: A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6,......
Reuters - Business

From wind power to cow manure: oil traders seek new profit recipe

Reuters
LONDON (Reuters) – The world’s largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects – including wind farms, cow manure plants and blue hydrogen – as they seek to match the profits they make from trading oil. FILE PHOTO: A wind farm is shown in Movave,......

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