Tuesday, May 19, 2026
Today's Print

Tag: OPEC

Oil falls on storage woes in virus-hit market

Singapore - US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing output...

Oil extends gains, but still under pressure from virus

Singapore - Oil extended gains Thursday after a massive rebound overnight, but prices remain under pressure as the coronavirus strangles demand and storage facilities...

Brent plummets to 2-decade low as WTI recovers

Hong Kong—Brent hit a two-decade low Wednesday as oil resumed its painful retreat and extended a rout that has torn through energy markets, though...

 Brent crude drops below $18 a barrel, down more than 8% 

Singapore - Brent crude fell more than eight percent to below $18 a barrel Wednesday while US oil struggled to hold on to early gains...

US oil prices jump after massive rout

Singapore - US oil prices surged Wednesday after falling below zero for the first time at the start of the week as markets drown in...

US oil bounces after crash but Asia stocks suffer big losses

US crude prices bounced back into positive territory Tuesday, a day after crashing below $0.00 for the first time owing to crippled demand and...

US crude falls below $15 a barrel as virus throttles demand

US crude crashed to below $15 a barrel on Monday, its lowest level for over two decades, as concerns about a virus-triggered demand shock...

Oil price strikes 2002 low, as demand set to crash

Oil prices extended their slump Wednesday, with WTI hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a...

Top oil producers agree ‘historic’ cuts, prices soar

Top oil-producing countries agreed on “historic” output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude...

OPEC, allies fail to reach deal on oil output cuts

Vienna, Austria­—The Organization of Petroleum Exporting Countries (OPEC) and its allies failed to reach a deal on oil production cuts Friday, after Moscow refused...

Libya export blockade helping OPEC meet oil production cuts – analysts

London, United Kingdom"•Libya’s almost total retreat from the world oil market as unrest blocks its vital terminals, is helping OPEC meet production cuts, analysts...

Oil firms hike pump prices by P1.15/l today, Dec. 24

Consumers have to brace for higher pump prices of as much as P1.15 per liter effective 6 a.m. Tuesday to reflect the movement of...

OPEC considers deeper production cut

VIENNA"•Faced with slowing global economic growth and abundant reserves putting pressure on oil prices, the OPEC group and its partners could seek to deepen...

Pump prices resume upswing

Consumers will have to brace for higher fuel prices next week of up to P1 per liter due to the movement of prices in...
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