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Market Extra: The world is running out of tanks to store oil as coronavirus and price war lead to flood of crude

A flood of crude is threatening to overwhelm the infrastructure of the world’s refining system......»»

Category: topSource: marketwatchMar 26th, 2020

Crude nears end of worst week in a decade, hit by coronavirus and price war eruption

Oil prices were on track for their worst week since the 2008 global financial crisis after the coronavirus outbreak rocked the world economy while top exporter Saudi Arabia and its allies stepped up plans to flood the market with record levels of supply......»»

Category: topSource: reutersMar 13th, 2020

Futures Movers: U.S. oil falls to a nearly 18-year low as rout continues on coronavirus fears, price war

Oil futures extend their plunge as countries lock down to slow the spread of COVID-19, while Saudi Arabia and Russia remain on track to flood the world with crude in a global price war......»»

Category: topSource: marketwatchMar 18th, 2020

Futures Movers: U.S. oil falls to 17-year low as rout continues on coronavirus fears, price war

Oil futures extend their plunge as countries lock down to slow the spread of COVID-19, while Saudi Arabia and Russia remain on track to flood the world with crude in a global price war......»»

Category: topSource: marketwatchMar 18th, 2020

Factbox: Global oil, gas producers slash spending after price rout

Oil and gas companies around the world are planning to slash spending in the face of a plunge in oil prices caused by the spread of the coronavirus and a push by Saudi Arabia and Russia to flood the market with supply......»»

Category: topSource: reutersMar 17th, 2020

Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war

Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply......»»

Category: topSource: reutersMar 13th, 2020

Crude posts worst week in a decade, hit by coronavirus and price war eruption

Oil prices on Friday posted their worst week since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply......»»

Category: topSource: reutersMar 13th, 2020

These Cincinnati stocks are getting hammered as market tanks, trading halts

The stock market got slammed again Monday morning as coronavirus fears and a potential crude oil price war sent stocks plummeting 7%, prompting the market to halt trading within four minutes of opening. The S&P 500 dropped 7% by 9:34 a.m., triggeri.....»»

Category: topSource: bizjournalsMar 9th, 2020

Market Extra: The MarketWatch PetroCurrency Index offers a timely window into the toll of coronavirus and oil-price war

Market Extra: The MarketWatch PetroCurrency Index offers a timely window into the toll of coronavirus and oil-price war.....»»

Category: topSource: marketwatchMar 24th, 2020

Economy week ahead: Judging the economic damage of the pandemic

Economies around the world will start to get a sense of the damage wrought by the coronavirus this week, as global central banks and governments continue their running battle to allay market fears over the scale of their response......»»

Category: topSource: moneycentralMar 22nd, 2020

Commodities Corner: Dismal oil demand outlook, Saudi-Russian price war lead to ‘atomic bomb’-like environment for oil

Oil futures trade near their lowest levels in 20 years with the plunge in prices expected to continue, fed by a weak oil demand outlook tied to the spread of COVID-19 and a price war between two of some of the biggest crude producers in the world......»»

Category: topSource: marketwatchMar 18th, 2020

IKEA closes all U.S. stores, China back up except for Wuhan store

IKEA, the world's biggest furniture brand, is temporarily closing more stores as the coronavirus spreads, including all 50 in its second-biggest market the United States......»»

Category: topSource: reutersMar 18th, 2020

Global oil, gas producers slash spending after crude price rout

Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output......»»

Category: topSource: reutersMar 18th, 2020

Factbox: Global oil, gas producers slash spending after crude price rout

Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output. [O/R].....»»

Category: topSource: reutersMar 18th, 2020

Aramco 2019 profits dip 20% as Saudis prepare to flood oil market

Oil giant Saudi Aramco is witnessing a decline in profit while the war on oil price wages on amid the coronavirus pandemic......»»

Category: topSource: foxnewsMar 15th, 2020

Market Extra: Why an ‘oil shock’ sent the Dow down 2,000 points and upended global financial markets

Oil plunges Monday as Saudi Arabia and Russia prepare for a global price war, sending shock waves through global financial markets. Here’s why a big drop in crude prices is a problem......»»

Category: topSource: marketwatchMar 9th, 2020

These Central Ohio stocks got hammered as market suffers record loss

The stock market got slammed again Monday with a record-setting loss as coronavirus fears and a potential crude oil price war sent stocks plummeting nearly 8%, prompting the market to halt trading within four minutes of opening. The S&P 500 dropp.....»»

Category: topSource: bizjournalsMar 9th, 2020

Here"s how far Philadelphia stocks tumbled in Monday"s market collapse

Virtually all of Philadelphia’s publicly-traded companies plummeted Monday morning as coronavirus fears and a potential crude oil price war sent stocks tumbling and forced a brief halt to trading......»»

Category: topSource: bizjournalsMar 9th, 2020

Local stocks being hit hard by COVID-19 spread as markets plunge

The stock market was hit hard again Monday morning as coronavirus fears and a potential crude oil price war sent stocks plummeting 7%, prompting the market to halt trading within four minutes of opening. Milwaukee-area stocks have been dropping stead.....»»

Category: topSource: bizjournalsMar 9th, 2020

Market Snapshot: Dow futures fall maximum amount allowed, poised to plunge 1,300 points at the open as oil prices deliver a punishing blow to Wall Street

U.S. stock futures and crude oil prices were down sharply Monday, as fears of a global oil-price war combined with coronavirus fears to rattle traders......»»

Category: topSource: marketwatchMar 9th, 2020

Coronavirus shock and oil price fall pummel world stocks

Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen......»»

Category: topSource: reutersMar 9th, 2020