OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output into July or August
03 Jun 2020 11:35 AM
The Oil Fund had sold its contracts due to expire in June to move into longer-dated holdings amid fears about storage space
29 Apr 2020 8:40 AM
The main concern is that there is nowhere to store all the oil that is not being consumed due to the drop in global economic activity
28 Apr 2020 8:40 AM
Crude had surged more than 15 per cent in the four sessions since the November 30 OPEC meeting.
07 Dec 2016 7:43 AM