OPEC

Oil prices have tumbled in recent weeks over the new coronavirus pandemic

OPEC, allies working on production cut equivalent to 10% of global supply

Rumours China will speed up its crude purchases lend further support

Slide in demand due to coronavirus outbreak has hammered market

Analysts say it is becoming unprofitable for many oil firms to remain active

Demand for oil products falling worldwide as more govts announce nationwide lockdowns

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

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

Emergency rate cuts by US Federal Reserve, global counterparts fail to tame markets

Coronavirus outbreak threatens demand, crude producers promise more supply

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

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

Currency loses Rs2.34 to close at Rs156.58 in inter-bank market

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

Kingdom of Saudi Arabia sets plan for a big increase in crude production in April

Oil plunges 9% as the development revives fears of a 2014 price crash

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

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

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

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

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

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

Market considers possibility of an early OPEC meeting as well

Oil rises as markets wait for virus impact, US stocks fall

Beijing is world's second-largest oil consumer; slowdown in travel will show up on demand forecasts

More than 460 protesters have been killed since the rallies first erupted in October

Price decreases on expectations a well-supplied market will absorb disruptions

Two large production bases in Libya began shutting down amid military blockade

International Energy Agency expects oil production to outstrip demand

Signing of initial US-China deal can boost economic growth and demand