OPEC

Fears of second wave of coronavirus, worsening US-China ties weigh on market

Saudi Arabia considers extending output cuts until end of 2020

Benchmarks extend losses over uncertainty about Russia’s commitment for deeper output cuts

Gloomy forecasts over economic impact of pandemic weighs on crude prices

OPEC+ set to meet in June to discuss maintaining supply cuts to shore up prices

China is set to impose new security legislation on Hong Kong, prompting warning from Trump

Surge comes on back of support from lower US crude inventories, OPEC-led supply cuts and recovering demand

Worries over economic fallout from coronavirus, weak refining margins capped gains

As more countries ease out of curbs imposed to counter coronavirus, economy needs fuel to restart

Signs show demand for crude pick up as China reports increased refinery runs

Brent hovers around $30 per barrel as weak demand picture curbs gains

New outbreaks have been reported in South Korea and China

Global oil demand slumps about 30% as crisis hits hard

UAE, Kuwait also announce production cut by a total 180,000 bpd

Concern over persistent glut cancels out support from supply cuts by biggest producers

More countries move ahead with plans to relax economic and social lockdowns

US output cuts, slow return of some activity in Europe lend further support

Brent crude price almost doubles since hitting 21-year low on April 22

Glut created over months in oil storage facilities will loom over markets

Brent crude hit near 21-year low last month as pandemic squeezed demand

Brent crude collapses 60% in 2020, hitting 21-year low last month

Threat to upend 75-year alliance was central to US pressure campaign that led to landmark deal to slash oil supply

Chinese firm says its daily sales of refined oil products have climbed

Moscow says alliance should shift strategy once demand recovers

Traders hiring expensive vessels to store gasoline or ship fuel overseas

Since the start of the year, Brent has fallen more than 65% while WTI has dropped around 75%

Glut has been building since OPEC+ failed to renew output cuts last month

Brent crude also falls sharply as demand collapses following reduced economic activity

US crude futures contract hits lowest level since 1999

Both oil benchmarks heading for second consecutive week of losses

Both Brent, WTI contracts are poised for weekly losses of around 10%

Measures by OPEC+, others to cut output should allow demand to start exceeding supply

US crude stocks surge by 19m barrels in highest one-week increase

Slumping demand due to coronavirus-related lockdowns also fuels decline

Predicted plunge in US shale output provides some support

Investors await signs that the world is winning the battle against the disease

Concerns loom that production cuts may be insufficient to reduce glut

Key to survival is not just relief package but also willingness for a paradigm shift

Leaders discuss novel coronavirus, global energy markets, White House says

Meeting is expected to seal the deal more widely with non-OPEC countries in the group

There's not enough room to even store it, says Trump of the surplus oil around the world

Move aimed at lending support to prices hammered by coronavirus crisis

OPEC+ will meet later in the day with expectations growing it will agree to reduce output

Moscow, Riyadh, others need to agree baseline for new output cuts

Support comes on hopes of output cuts to shore up prices that have collapsed

Main oil producers expected to agree on output cut of 10m bpd on Thursday

OPEC+ is working on a deal to cut production by about 10% of world supply

Amid pressure from Trump for OPEC+ countries to urgently stabilise global oil markets

Delay comes amid pressure from US to urgently stabilise global oil markets

Says Russia first to declare all participants absolved from commitments