oil

Hopes Washington will soon reach deal on $2tr coronavirus aid package also lends support

Crude market faces double shock of coronavirus pandemic and Saudi Arabia-Russia price feud

Drop will be much higher if the virus prompts widespread lockdowns in US

Finance Division working on hedging options to take advantage of low crude prices

Analysts say gains are likely to be temporary due to tumbling demand, collapse of OPEC+ deal

Plunge comes as fuel demand darkens with travel, social lockdowns

US, other countries plan to take advantage of low oil prices to fill storage tanks

Targets big refiners of Russian oil in Europe, Asia as fight with Moscow escalates

Official says OMCs' reluctance to lift oil may also lead to gas crisis

Coronavirus outbreak threatens demand, crude producers promise more supply

Two main benchmarks are down about 50% from highs reached in January

Prices climbed $2 earlier on hopes that spending cuts by North American producers would lead to a drop in output

Deals at low crude prices will ease pressure on country’s foreign currency reserves

Trump says he will be taking major steps to gird US economy against the impact of spreading coronavirus

Lower oil prices can help decelerate inflation, curtail import bill and cut interest rates

Market rout surprised investors and did not give them enough opportunity to exit Aramco

After Russia balked at making a further steep output cut proposed by OPEC to stabilise oil markets

Moscow will not back OPEC's call for extra reduction in oil production: source

OPEC agreed to cut output by an extra 1.5m bpd in the second quarter of 2020

Saudi Arabia wants OPEC and allies to cut 1 million to 1.5 million bpd for second quarter

Saudi Arabia, other OPEC members are seeking to persuade Russia to join them in large additional production cuts

Both benchmarks rebound in past two days after sliding more than 20% from their January peaks

Investors worried about economic slowdown due to global spread of coronavirus

No major discoveries made for a long time; govt has yet to auction new blocks

A rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy

Number of new coronavirus infections outside China exceeds new Chinese cases

Oil-producing countries in Middle East report new coronavirus cases

Crude fell almost 4% on Monday on concern the coronavirus outbreak could turn into a pandemic

Global shares also extend losses with number of infections jumping in Iran, Italy and South Korea

Finance leaders from G20 meet in Saudi Arabia at weekend to discuss risks to global economy

China's reduction in lending rate helped ease worries about slowing demand

Reduction in taxes on imports under consideration

S&P Global Ratings expects coronavirus to deliver short-term blow to economic growth in China

Forecasters including IEA have cut 2020 oil demand estimates because of the virus

Commodity remains vulnerable to excess supply, virus-induced economic slowdown in China and other parts of Asia

Investors bet economic impact of coronavirus will be short-lived

Oil demand in China, world's second-largest crude consumer, has plunged because of travel restrictions and quarantines

Says output fell sharply in January as producers implemented a new supply-limiting pact

Investors hope fuel demand in world's second-largest oil consumer, China, may begin to recover from the epidemic

Investors remain wary China's oil demand can take a further hit if coronavirus cannot be contained

Commodity has dropped over 20% from its peak in January after the spreading virus hit demand

Russian energy minister says Moscow needs to analyse market, will clarify position next week

He has been named in cases pertaining to the alleged abduction of the driver of an oil tanker, theft of oil

OPEC+ agrees to recommend provisional additional cut in oil output of 600,000 bpd

Aims to slash taxes, link locally produced LPG with 90% of Saudi Aramco contract price

Further support lent by news of allies considering output cuts

Blame authorities’ mismanagement for sprawling crisis

Independent refineries in China's Shandong province cut output by 30-50% in little more than a week

Markets attempt to assess economic damage of coronavirus that has spread to around 20 countries

Suggests increase of Rs2.47 per litre in price of diesel