May.08 — Bloomberg’s Alix Steel speaks to major players in the energy industry about the impact of the coronavirus pandemic, which has contributed to a glut in supply and a plunge in demand for crude oil. Chevron CEO Mike Wirth, BP CEO Bernard Looney, ConocoPhillips Chairman and CEO Ryan Lance, and Icahn Enterprises Holdings Chairman … Read more Coronavirus Special Report: Crude Gets Crushed
The price of crude oil has been on a roller coaster in the past few weeks. It even shocked the world with an unprecedented dip. But that doesn’t really concern ordinary consumers. What they want to know is how these ups and downs in crude oil will affect the price of gasoline. So, how does … Read more How does crude oil affect the price you pay at the pump?
This is the second instalments on our series examining the falling oil price. We’ve already looked at why the price of crude has dropped so sharply in recent weeks: https://youtu.be/mkhjar-XWHE Now Phil Lasker takes us through how that translates at the pump and in some cases why it doesn’t. Read more here: https://www.abc.net.au/news/2020-05-04/petrol-prices-fall-across-canberra-after-threat-to-cap-profits/12210154 For more … Read more Explained: If crude oil is so cheap, why is my petrol still expensive? | ABC News
The outbreak of COVID-19 and the collapse of global oil prices have hit both supply and demand sides of the oil and natural gas markets. The unprecedented crude oil price collapse on the global market brings pains and gains to different countries, related industries, and people’s daily lives. Subscribe to us on YouTube: https://goo.gl/lP12gA Download … Read more How the oil price slump could reshape the oil industries in major economies
With the global economy grinding to a sudden halt because of the Covid-19 pandemic, oil prices going through the floor with suppliers fast running out of room to store the stuff. That’s terrible news for oil producers the world over, particularly in countries who rely on hydrocarbon handouts to keep regimes afloat. But if you’re … Read more How low can it go? The collapse of crude oil prices
U.S. crude oil futures collapsed below zero U.S. dollars on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus 37.63 U.S. dollars a barrel. Meanwhile, offshore oil storage has also increased significantly. What do negative oil prices mean for consumers? Are we heading to a … Read more Facts Tell: What does it mean when oil prices are negative?
Worries about the level of demand and lack of available storage capacity pushed the price of benchmark US crude oil prices below zero. The move has hit traders, companies and oil-producing nations. FT markets editor Katie Martin explains the causes of the crash and the fallout. Read more at https://on.ft.com/2Vs8sfC. See if you get the … Read more How the US oil price fell below zero | FT
The price of a barrel of Brent crude oil has slumped to a 21-year low while in the US the price has turned negative for the first time. Paul Kelso looks at what the effects will be on the economy. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like … Read more Coronavirus: How will the oil slump hit the economy?
For the first time in history, oil prices in the United States crashed below $0 into negative territory on Monday. US crude has rebounded in Asian markets to above $1 a barrel The global coronavirus crisis has slashed demand for crude oil, despite a deal to slash production. The main oil-producing countries are now running … Read more Crash! US crude futures turn negative for first time in history
The Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to reduce crude oil production by 10 million barrels a day until early June to counter the slump in demand caused by the coronavirus pandemic sweeping the world. A tussle for market share that started in early March resulted in a surplus … Read more OPEC+ agrees to 10 million bpd oil cut for May and June
This video is sponsored by Newsvoice. Download Newsvoice for free: https://newsvoice.com/visualpolitik Let’s fix the news. Together! During the first three months of the year, the price of oil has plummeted by more than 60%. At the time of making this video, the price of crude oil was at the same level as in 2002. This … Read more RUSSIANS vs SAUDIS: CORONAVIRUS and the new OIL WAR – VisualPolitik EN
Crude oil prices have fallen sharply as virus lockdowns cut demand. Insights via @CMEGroup: https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at email@example.com QuickTake by Bloomberg is a global news … Read more Global oil market in crisis amid virus lockdowns