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Oil retreats to below US$52 on stronger dollar

Oil retreated as the dollar strengthened, with the steam coming out of a recent rally, even as President-elect Joe Biden proposed a huge US stimulus package and China’s economic recovery gathered p

Oil

Oil refiners reel from Saudi Arabia's pledge to curb supplies even as demand eases

Several oil refiners in Asia were taken aback by Saudi Arabia’s pledge to curb 1 million barrels a day of supplies from next month even as they planned for maintenance that will trim demand.

Oil

Wrong-way bet on Covid is changing the oil-trading industry forever

In January, as a mysterious illness ripped through the Chinese city of Wuhan, global oil prices plunged.

Bank of China sues Hin Leong's Lim family, BP for US$313 mil on oil deals - THE EDGE SINGAPORE

Oil

Bank of China sues Hin Leong's Lim family, BP for US$313 mil on oil deals

Bank of China has sued BP Plc in Singapore over its alleged role in fabricating oil deals with collapsed trader Hin Leong, in the latest effort by a creditor to recover losses after one of the bigg

Oil

OPEC faces seismic demand split as cartel plots next move

As OPEC+ ministers gather virtually this week, the city that traditionally hosts their meetings will be locked down.

Oil

Oil climbs toward US$38 and gold gains for third day after Biden win

Oil rose toward US$38 ($51.22) a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into the White House even as Donald Trump rejected the outcome of the US

Oil

Mega-refiner buying oil a bright spot for constrained market

A Chinese mega-refiner is snapping up barrels of Middle Eastern crude in a rare bright spot for a market hampered by dwindling import quotas after a buying spree earlier in the year.

Oil

Oil extends losses after Trump tests positive for Covid-19

Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agrrement on a U.S.

Oil

Hurricane impact and falling US stockpiles drives oil prices up 4%

Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut.

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