Brent oil price falls below $38 per barrel at ICE in London MOSCOW. KAZINFORM - The cost of an August futures for Brent crude oil on the ICE Exchange in London accelerated the decline and fell to $37.94 per barrel, which is 9.1% down since the closure of the previous trading session. This is according to the data as of 7:29 pm Moscow time.
Global oil consumption to fall by $1 trillion in 2020 due to pandemic, experts say MOSCOW. KAZINFORM Consumers’ oil expenses will drop by $1 trillion in 2020 to $2.5 trillion as a result of the pandemic-related quarantine measures globally, the International Energy Agency (IEA) wrote in its report on energy investment on Wednesday.
Barrel of US oil nosedives below $0 in historical first WASHINGTON. KAZINFORM - The price for a barrel of West Texas Intermediate crude oil sharply curtailed Monday, falling into negative territory for the first time in history as demand continues to collapse on measures meant to keep individuals at home amid the coronavirus pandemic.
Oil price after OPEC+ deal to stay within $30-40 per barrel - Lukoil vice-president MOSCOW. KAZINFORM - Lukoil hails the results of the oil production cuts deal between OPEC+ and a number of other nations, the company’s vice -president and co-owner, Leonid Fedun, said on Saturday. Kazinform has learnt from TASS.
Mexican president says US to help Mexico meet required oil production cuts MEXICO CITY. KAZINFORM - Mexican President Andres Manuel Lopez Obrador announced on Friday that U.S. President Donald Trump has agreed to help Mexico comply with cuts to oil production required by the Organization of Petroleum Exporting Countries (OPEC).