oil prices

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OPEC+ meeting to be held on April 6

The meeting of the OPEC+ group of oil producers is planned for April 6, Azerbaijan’s energy ministry said. "Azerbaijan has been invited to take part in the meeting that will be dedicated to finding the ways of …

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OPEC+ talks to be held next week?

OPEC started preparations for negotiations within the OPEC+ framework, initiated by Saudi Arabia. The meeting may take place next week, a source taking part in the preparations said. "The meeting may take place next week. We …

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China starts buying oil for state reserves - media

China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, Bloomberg reported citing people with knowledge of the matter. "The world’s biggest importer is taking advantage of a 60% …

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Brent and WTI oil rise more than 12% 

Oil surged more than 12% as China planned to start buying up cheap crude for its strategic reserves, adding to tentative signs of growing risk appetite across financial markets that’s propelling prices higher. Brent crude for June …

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Saudi Aramco weighs pipeline stake sale

Saudi Aramc is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people familiar with the matter. Aramco may need to raise cash this year as it confronts a historic rout in …

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Oil for $1.75 a barrel?

The long-term ramifications of the COVID-19 outbreak on the oil industry could be significant and long-lasting

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Brent price down below $23 per barrel

The price of futures contracts of Brent crude oil for May 2020 delivery plunged by 8.54% to $22.79 per barrel on London's ICE on Monday, according to the trading data as of 10:53 am Moscow time. U.S. West Texas Intermediate (WTI) …

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Oil prices fall to record low

Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as fears grew over the coronavirus pandemic eroding demand and the Saudi Arabia-Russia price war threatened to overload the market. Brent …

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U.S. oil market reaches negative prices

In an obscure corner of the American physical oil market, crude prices have turned negative -- producers are actually paying consumers to take away the black stuff. As Bloomberg …

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Brent oil price rises by 3.5%

The cost of futures for Brent crude oil with settlement in May 2020 increased by 3.5% to $28.1 per barrel in the course of trading on the ICE Exchange in London, according to the data of the trading site as of 04:28 Moscow time. At …

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