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Oil prices slide on shattered demand, stocks mostly rise

Agence France-Presse
Posted at Mar 31 08:21 AM

Oil prices plunged Monday to an 18-year low as the number of novel coronavirus cases worldwide surged past 750,000, reinforcing worries about the impact of the pandemic on the global economy. Read more »

Trump, Putin discuss oil price plunge, coronavirus

Sebastian Smith, Agence France-Presse
Posted at Mar 31 06:50 AM

President Donald Trump and his Russian counterpart Vladimir Putin discussed plunging oil prices and the coronavirus pandemic Monday, as Trump said Moscow is pressing for an end to US sanctions.  Read more »

Oil crash compounds coronavirus hit for cash-strapped OPEC states

Libby George, Reuters
Posted at Mar 30 09:55 PM

Collapsing oil prices are costing some OPEC members not only lost revenue when they most need it to tackle the coronavirus crisis, but also market share they may never recoup.   Read more »

Oil prices at 17-year lows as virus ravages world

Agence France-Presse
Posted at Mar 30 01:53 PM

Oil prices extended losses in Asian trade Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world and no end in sight to a vicious price war.   Read more »

Bawas-presyo sa petrolyo simula Martes, Marso 31

ABS-CBN News
Updated as of Mar 30 03:26 PM

Magkakaroon ng panibagong bawas presyo sa mga produktong petrolyo simula Marso 31, ayon sa anunsiyo ng mga kumpanya ng langis ngayong Lunes.  Read more »

ALAMIN: Bawas-presyo sa petrolyo simula Marso 30

ABS-CBN News
Posted at Mar 29 01:33 PM

Nag-anunsiyo ang mga kompanya ng langis na muli silang magpapatupad ng bawas-presyo sa kanilang mga produkto simula Lunes, Marso 30. Read more »

Oil storage buckles as virus saps demand

Benoît Pelegrin, Agence France-Presse
Posted at Mar 27 01:04 PM

Global oil storage capacity is under intense pressure because of booming output from Saudi Arabia and the United States while the coronavirus outbreak slams the world economy and crude demand. Read more »

Global stock markets rally on Fed boost

Roland Jackson, Agence France-Presse
Posted at Mar 24 08:54 PM

World stock and oil markets rallied Tuesday after the US Federal Reserve launched an unprecedented bond-buying plan, the latest salvo in a global fightback against the fallout from the deadly coronavirus outbreak. Read more »

Presyo ng petrolyo may malaking rollback sa Martes

ABS-CBN News
Updated as of Mar 23 06:59 PM

Nag-anunsiyo ang mga kompanya ng langis na magpapatupad sila ng malaking rollback sa presyo ng produktong petrolyo simula Martes, Marso 24.   Read more »

Oil crash piles pressure on virus-hit Saudi economy

Anuj Chopra, Agence France-Presse
Posted at Mar 18 01:53 PM

Huge losses are expected after the Arab world's biggest economy shut down cinemas, malls and restaurants, halted flights, suspended the year-round umrah pilgrimage and locked down eastern Qatif region -- home to around 500,000 -- in a bid to contain the deadly virus. Read more »

Global stocks, oil plunge as Fed virus move fails to ease fears

Agence France-Presse
Posted at Mar 16 10:33 PM

Stock markets and oil prices went into freefall Monday as interest rate cuts and fresh stimulus measures by central banks failed to lift confidence. Read more »

Oil subdued after heavy falls on price war

Agence France-Presse 
Posted at Mar 12 09:21 AM

Oil prices were subdued in early Asian trade Thursday following sharp falls overnight, after Saudi Arabia and the UAE escalated a price war by vowing to pump millions more barrels of crude.   Read more »

Saudi to hike April crude supply to 12.3 million bpd -Aramco CEO

Reuters
Posted at Mar 10 05:54 PM

Saudi Aramco will raise its crude supply, which includes oil to its customers inside the kingdom and abroad, to 12.3 million barrels per day (bpd) in April, CEO Amin Nasser said on Tuesday. Read more »

Oil jumps 5 percent on stimulus hopes, slowing virus in China

Jessica Jaganathan, Reuters
Posted at Mar 10 05:20 PM

Oil prices jumped by 5 percent on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus. Read more »

Why the Philippine peso is defying global rout due to COVID 19

Michelle Ong, ABS-CBN News
Posted at Mar 10 12:11 PM

The Philippine peso stood its ground against the dollar Tuesday, defying a global equities tailspin on the back of cheaper oil imports and as investors spooked by the COVID-19 outbreak seek safer, higher yield assets, analysts said. Read more »

Presyo ng langis, bumaba bunsod ng COVID-19

ABS-CBN News
Posted at Mar 10 08:32 AM

Bumaba ang konsumo sa langis sa buong mundo dulot ng pagkalat ng novel coronavirus at hindi pagkakasundo ng kartel at Russia na bawasan ang produksyon ng langis para mapigilan ang pagbaba ng presyo.  Read more »

Oil crashes after Saudi Arabia launches price war

Agence France-Presse
Updated as of Mar 09 10:32 AM

The two main contracts were both down about 20 percent in morning Asian trade, with West Texas Intermediate sliding to around $32 a barrel and Brent crude to some $36 a barrel. Read more »

Saudis to hike oil output above 10-M bpd in April after OPEC+ deal collapse

Rania El Gamal, Reuters
Updated as of Mar 09 08:16 AM

Saudi Arabia, the world's top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of the OPEC supply cut agreement with Russia, two sources told Reuters on Sunday. Read more »

As demand crunch deepens, how far can oil plummet?

Daniel Hoffman, Agence France-Presse
Posted at Mar 08 09:07 AM

Oil prices have plummeted by more than 30 percent since the start of the year but for producers the worst may be yet to come, warn experts, as the coronavirus epidemic weighs heavily on demand. Read more »

Saudi risks fallout with coronavirus curbs on holy sites

Anuj Chopra, Agence France-Presse
Posted at Mar 06 09:35 AM

Saudi Arabia is treading a tightrope as it bars Muslim pilgrims from Islam's holiest sites to contain the coronavirus, rolling out restrictions that while essential could prove both expensive and politically perilous. Read more »