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July 13, 2020
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Oil prices rise 3% on signs of U.S. economic recovery

Reuters
NEW YORK (Reuters) – Oil prices rose 3% in volatile trade on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. FILE PHOTO: The sun is seen behind......
Reuters - Business

Oil prices rise on supply cuts, improving demand

Reuters
LONDON (Reuters) – Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel, as the IEA increased its oil demand forecast for 2020 and as record supply cuts supported. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving......
Reuters - Business

Oil prices edge higher as supply cut hopes outweigh coronavirus resurgence fears

Reuters
TOKYO/SINGAPORE (Reuters) – Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of concerns that a resurgence of new coronavirus infections around the world could hamper fuel demand. FILE PHOTO: The sun is seen behind......
Reuters - Business

Exclusive: Chesapeake Energy to file for bankruptcy as soon as this week: sources

Reuters
Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, April 17, 2012. From a single 6,000-square-foot building in 1989, the multi-building complex today contains almost one million square feet of office space and includes employee perks like on-site Botox treatments at the headquarters. Chesapeake Energy Corp. CEO......
Reuters - Business

Oil prices rise 2% on optimism around OPEC+ output pact

Reuters
NEW YORK (Reuters) – Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy. FILE PHOTO: The sun is seen behind a crude......
Reuters - Business

Oil falls on growing fears of coronavirus second wave

Reuters
LONDON (Reuters) – Oil prices fell on Monday as new coronavirus infections hit China, Japan and the United States, adding to concerns that a resurgence of the virus could hamper a recovery in fuel demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian......
Reuters - Business

Oil drops as new coronavirus outbreaks raise fuel demand concerns

Reuters
TOKYO (Reuters) – Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand. FILE PHOTO: The sun is seen behind a......
Reuters - Business

Oil prices drop as rising U.S. coronavirus cases stoke fears of weak fuel demand

Reuters
FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol SEOUL (Reuters) – Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a......
Reuters - Business

Oil prices see weekly loss on virus resurgence fears

Reuters
NEW YORK (Reuters) – Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France......
Reuters - Business

Oil on track for weekly loss on virus resurgence fears

Reuters
NEW YORK (Reuters) – Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris,......
Reuters - Business

Oil prices extend slump as U.S. coronavirus cases climb

Reuters
TOKYO (Reuters) – Oil prices slid early on Friday, extending heavy overnight losses on a surge in U.S. coronavirus cases this week that has raised the prospect of a second wave of the outbreak slamming demand in the world’s biggest consumer of crude and fuel. FILE PHOTO: The sun sets......
Reuters - Business

Oil prices slump 8% as virus-related demand concerns resurface

Reuters
NEW YORK (Reuters) – Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States. FILE PHOTO: The sun is seen behind a crude oil pump jack......
Reuters - Business

ConcoPhillips CEO says surprised by swift recovery in oil prices

Reuters
FILE PHOTO: ConocoPhillips CEO Ryan Lance attends Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai (Reuters) – ConocoPhillips (COP.N) Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative......
Reuters - Business

Oil falls towards $40 as U.S. inventory rise revives glut worries

Reuters
LONDON (Reuters) – Oil fell more than 2% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand due to the coronavirus crisis. FILE PHOTO: A pump jack operates at a well site leased......
Reuters - Business

Oil rises as production curbs face renewed demand fears

Reuters
NEW YORK (Reuters) – Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File......
Reuters - Business

Oil down on stronger dollar, oversupply concerns

Reuters
LONDON (Reuters) – Oil prices fell on Tuesday weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11,......
Reuters - Business

Oil prices climb as easing of lockdowns fuels hopes for recovery in fuel demand

Reuters
MELBOURNE/SINGAPORE (Reuters) – Oil prices rose on Tuesday, boosted by hopes for a swift recovery in fuel demand as coronavirus lockdown measures are eased across the globe, but gains were capped by the spectre of persistent oversupply in the market. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas,......
Reuters - Business

Oil prices rise as easing of lockdowns spurs fuel demand hopes

Reuters
MELBOURNE/SINGAPORE (Reuters) – Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversupply in the market. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas,......
Reuters - Business

Rosneft says no change to dividend policy despite lower state stake

Reuters
FILE PHOTO: The logo of Russia’s oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City, Vietnam April 26, 2018. REUTERS/Maxim Shemetov MOSCOW (Reuters) – Russia’s largest oil producer Rosneft (ROSN.MM) said on Sunday it planned to maintain a dividend policy of paying out half......
Reuters - Business

OPEC and allies to agree one-month extension to output cuts

Reuters
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo BAGHDAD (Reuters) – OPEC and its allies led by Russia are “most likely” to agree on a one-month extension to an oil production cuts......

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