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OPEC's latest report reflects the lasting impact of the coronavirus crisis on the economy and consumer habits

OPEC says oil demand to plateau in late 2030s

Business • 08 Oct

Gazprom Neft said it still planned to pay an interim dividend later this year as profits improve

Gazprom Neft's second quarter profit slumps 80%

Business • 21 Aug

The price of Brent oil has more than doubled since falling to a 21-year low below $16 in April

Oil falls as US inventory rise revives glut worries

Business • 10 Jun

Oil prices have ticked up in the last two weeks as some countries relaxed Covid-19 restrictions and lockdowns to allow factories and shops to reopen

Oil prices rise on dip in US crude stockpiles, IEA data

Business • 14 May

The price of Brent crude is headed for a 23% loss this week

Oil heads for steep weekly slide after Covid-19 turmoil

Business • 24 Apr

Worldwide oil supply looks set to overwhelm demand for months to come and current production cuts fall far short of offsetting that glut

Oil hits lowest this century as virus hits demand

Business • 22 Apr

Oil prices are being pressured by persistent oversupply and collapsing demand due to global coronavirus-related lockdowns

Oil falls 4% towards $28 on oversupply concerns

Business • 15 Apr

Global fuel demand has plunged by around 30 million barrels per day

Plans to cut oil output gather momentum

Business • 10 Apr

Oil is higher today on expectations the world's largest oil producers would agree to cut production

Oil rises on hopes OPEC+ meeting will result in cuts

Business • 09 Apr

Oil up on hopes that the world's biggest producers will agree to cut output

Oil rises as hopes build for global production cut

Business • 07 Apr

The production cut is aimed at coping with the disastrous effect of the coronavirus on fuel demand

OPEC+ set to agree to cut production if US joins effort

Business • 07 Apr

US benchmark WTI plunged 54% during March and 66% for the first quarter, while Brent slumped by 66% in the first quarter and 55% in March

Oil ends March with biggest monthly & quarterly losses

Business • 01 Apr

Both Brent and WTI prices are down about 60% this year

Oil falls as sinking demand outweighs stimulus hopes

Business • 26 Mar

Oil prices bounced nearly 7% today after three days of heavy losses

Oil jumps after three-day slump but virus still weighs

Business • 19 Mar

Travel and social lockdowns sparked by the coronavirus epidemic have knocked the outlook for oil demand

US crude hits 18-year low as lockdowns spread

Business • 18 Mar

Brent's premium to WTI has narrowed to less than $1, making US crude oil uncompetitive in international markets

Brent falls 10%, WTI below $30 as coronavirus spreads

Business • 16 Mar

Brent is set to fall around 24% this week, the biggest weekly decline since December 2008

Oil rises 2% but set for biggest weekly drop since 2008

Business • 13 Mar

Saudi Arabia has slashed its official selling prices and set plans for a dramatic increase in crude production next month

Oil prices down 30% on Saudi moves, virus fears

Business • 09 Mar

A rise in new coronavirus cases outside China fuelled fears of a pandemic that could dent demand for crude

Oil prices fall for fifth day to lowest level in a year

Business • 27 Feb

Oil is off over 20% from peaks struck in January after the coronavirus hit demand in the world's largest oil importer

Oil edges down as traders assess China's oil demand

Business • 10 Feb

The death toll from China's coronavirus rose and more businesses have been forced to shut down, fuelling expectations of slowing oil demand

Oil drops below $60 as China virus stokes demand fears

Business • 27 Jan

OPEC and other producers agreed in November to extend and deepen output curbs in place since 2017

Oil rises in quiet Christmas trade amid supply cuts

Business • 24 Dec 19

Big oil producers are evacuating rigs in the Gulf of Mexico ahead of a major storm

Oil gains after US stockpiles drop, rigs evacuated

Business • 10 Jul 19

Analysts said oil was under pressure because fears over future demand amid trade disputes threatening global economic growth

Crude oil prices fall 1% on fears for global economy

Business • 05 Jul 19

Oil prices remain pressured by worries demand could ease amid hints of a slowdown in the global economy

Oil dips on demand worries despite OPEC cut extension

Business • 02 Jul 19

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