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The IEA said it expects demand in the first quarter of this year to be 0.6 million barrels a day less than previously forecast

IEA trims 2021 global oil demand forecast

Business • 22 hrs

US crude stocks dropped and fuel inventories rose, the Energy Information Administration said yesterday

Oil hits new 11-month highs after US inventory fall

Business • 07 Jan

Saudi Arabia has agreed to reduce output more than expected in a meeting with allied producers

Oil extends gains after surprise Saudi output cut

Business • 06 Jan

OPEC+ decided to increase production by 0.5 million bpd from January

Lockdowns depress demand for oil

Business • 04 Jan

Global crude oil markets have lost about a fifth of their value in 2020

Oil set for 20% drop in 2020 due to lockdowns impact

Business • 31 Dec 20

Oil prices could gain more strength as vaccination programmes around the world begin next year

Oil up on hopes of demand recovery, lower US stocks

Business • 30 Dec 20

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 20

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 20

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 20

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 20

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 20

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 20

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 20

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

Plans to cut oil output gather momentum

Business • 10 Apr 20

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 20

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 20

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 20

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 20

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

Oil falls as sinking demand outweighs stimulus hopes

Business • 26 Mar 20

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 20

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 20

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 20

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 20

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 20

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 20

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