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Oil tumbles 4 percent on fear of faltering demand

Oil prices sank by 4% Wednesday, with losses accelerating into the settlement after government data earlier showed a large increase in U.S. crude stockpiles for the second week in a row......»»

Category: topSource: moneycentralJun 12th, 2019

Oil struggles to find footing after 7 percent slump, sentiment stays weak

Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the specter of faltering demand keeping investors on edge......»»

Category: topSource: reutersNov 13th, 2018

Oil extends slide from 7 percent slump the day before as outlook darkens

Oil markets slipped again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors......»»

Category: topSource: reutersNov 14th, 2018

Oil extends 7 percent slide as outlook darkens

Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors......»»

Category: topSource: reutersNov 14th, 2018

Oil struggles to find footing after 7 percent slide as outlook darkens

Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors......»»

Category: topSource: reutersNov 14th, 2018

Twitter tumbles on fear of conservative backlash

Shares of Twitter Inc tumbled 6 percent on Thursday after reports that Fox News had not tweeted for three weeks sparked fears of a backlash by conservatives protesting a perceived liberal bias by the company......»»

Category: topSource: reutersNov 29th, 2018

Oil plunges more than 7 percent on oversupply concerns

Oil prices plunged more than 7 percent to a 15-month low Tuesday as the United States and Russia continued to pump at record levels even as analysts warn that signs of faltering demand are emerging......»»

Category: topSource: moneycentralDec 18th, 2018

United Airlines adding about 25,000 flights in August

United Airlines is adding nearly 25,000 domestic and international flights in August as travel demand slowly starts to pick up, although the number of flights is down 40 percent from where it was last year. The Chicago-based airline said its s.....»»

Category: topSource: bizjournalsJul 4th, 2020

Oil dives 7% as investors fear a second wave of coronavirus and the US reports surging crude inventories

Reuters Oil prices fell sharply Thursday as fears that a second wave of coronavirus could stunt economic activity and commodity demand gripped investors, a.....»»

Category: topSource: businessinsiderJun 11th, 2020

Oil rises as production curbs offset renewed demand fear

Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns that a resurgence in coronavirus cases could hurt fuel demand......»»

Category: topSource: reutersJun 9th, 2020

Half of consumers say they"re ready to return to stores

Nearly half of people are at the point this week when they say they’re willing to visit a store, and retailers are bracing to meet pent-up demand while enforcing social distancing and other safety measures. Forty-seven percent of people in a May 24 re.....»»

Category: topSource: bizjournalsJun 6th, 2020

U.S. stock futures, Chinese shares slip amid Sino-U.S. tensions, oil falters

Shares struggled and the yen gained on Wednesday, with markets in China faltering on their return from a long holiday as investors fretted over Sino-U.S. tensions, while oil ended an extended winning streak on oversupply risks amid weak demand......»»

Category: topSource: reutersMay 6th, 2020

The coronavirus effect on North Dakota shale oilfields: "Like watching a train wreck"

With businesses locked down and billions of people staying at home, demand for oil to fuel cars, planes and industry has dropped around 30 percent worldwide......»»

Category: topSource: foxnewsMay 4th, 2020

Exxon, Chevron slam brakes on shale as oil demand tumbles

Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude prices and fuel demand......»»

Category: topSource: reutersMay 1st, 2020

BP"s profit tumbles, debt climbs as virus crisis hammers oil demand

BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead. Ciara Lee reports.....»»

Category: videoSource: reutersApr 28th, 2020

BP"s profit tumbles, debt climbs as coronavirus crisis hammers oil demand

BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead......»»

Category: topSource: reutersApr 28th, 2020

Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand

South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit demand in China and due to losses at its financial business......»»

Category: topSource: reutersApr 23rd, 2020

Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams car demand

South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade as the spreading coronavirus outbreak hit demand for cars worldwide......»»

Category: topSource: reutersApr 23rd, 2020

Global oil prices could "chase" US crude below $0 if demand for fuel doesn"t pick up, analysts fear

Getty Brent crude slid below $20 a barrel to $16.59 on Tuesday morning, after US oil caused immense confusion around the world as to how and why prices could go negative. "If globa.....»»

Category: topSource: businessinsiderApr 21st, 2020

Coronavirus causes "unprecedented" drop in fuel demand

Americans pumped 9 percent fewer gallons of gasoline during the first three months of the year when compared with the same period last year......»»

Category: topSource: foxnewsApr 15th, 2020

Toyota to cut production in Japan in May as coronavirus squeezes demand

Toyota Motor Corp on Wednesday said it will cut production of finished vehicles by 40 percent in Japan in May as demand shrinks around the world because of the coronavirus pandemic......»»

Category: topSource: reutersApr 15th, 2020