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Dow drops 140 points as doubts grow over Trump’s promise of an oil price deal between Saudi Arabia and Russia Wall Street stocks opened down on Friday after rising 2% the day prior Doubts returned over whether a Saudi-Russia deal on oil prices would occur Their price war has sent oil prices plummeting amid plunge in … Read more
FTSE drops 1% by 54 points to 5,426 this morning as doubts grow over oil price deal between Saudi Arabia and Russia FTSE 100 index of Britain’s biggest firms falls 1% or 54 points to 5,426 today Doubts grew over an oil price deal that Donald Trump says he has brokered Coronavirus pandemic continues to … Read more
Wall Street rallied on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to coronavirus-led lockdowns. At the closing bell, The Dow Jones Industrial Average was up 469.93 points, … Read more
Oil soars 20% after Trump claims Saudi Arabia and Russia are close to ending price war By Francesca Washtell For The Daily Mail Published: 22:05 BST, 2 April 2020 | Updated: 22:05 BST, 2 April 2020 Oil surged more than 20 per cent after President by Francesca Washtell Trump claimed Saudi Arabia and Russia were … Read more
Oil slump forces BP to slash spending but it insists no employees will be laid off during the next three months By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 April 2020 | Updated: 21:51 BST, 1 April 2020 BP said it is acting quickly after oil prices plummeted in the face of the … Read more
Lockdown in luxury: Billionaire Russian oil baron’s superyacht worth £140million and measuring 272ft in length is spotted moored off Dorset with those on board ‘self-isolating’ It is not known whether the owner, Alexander Dzhaparidze, is on board the yacht in Poole Quay, Dorset The 272ft vessel does have people on board and they are said … Read more
Oil prices fall to 18-year lows of under $21 a barrel as coronavirus outbreak hits demand By Francesca Washtell For The Daily Mail Published: 22:09 BST, 30 March 2020 | Updated: 22:09 BST, 30 March 2020 Oil prices fell to 18-year lows of under $21 a barrel yesterday as the coronavirus outbreak hit demand. Fears … Read more
A cannabis-oil maker has been jailed for more than eight years after causing an explosion that ripped through his block of flats and forced a woman to jump on to a trampoline to escape. James Toogood, 36, had been using butane gas to produce cannabis hash oil at the home he shared with his girlfriend … Read more
After two weeks of watching the oil price in free fall, investors now want to know what the repercussions will be. Global giants such as Saudi Aramco, Chevron and BP have said they will need to cut spending. But traders’ eyes turned to the North Sea yesterday, after industry body Oil & Gas UK warned … Read more
Oil companies were hammered as the price of crude slumped below $30 a barrel. Shares in Shell and BP – two of the largest firms listed on the London Stock Exchange – slid as oil prices edged towards lows they last touched during a major commodity crisis four years ago. The oil market had already … Read more