Concerns about growth outlook, commodities, debt servicing will weigh on near-term risk appetite: IIF. The global financial rout triggered by the COVID-19 pandemic wiped $18 trillion off global equity markets in the year to date-- and emerging markets, in particular, have been beaten down relative to the rest of the world. Data from the Institute for International Finance shows that the discount emerging markets hold relative to U.S. equities now stands at 65%, the largest ever.
Oil prices fell on Monday after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help to reduce global oversupply as the coronavirus pandemic pummels demand. Brent crude fell more than $3 when Asian markets opened but recovered some ground, with traders hopeful a deal between the top producers was still within reach.
SYDNEY--Origin Energy Ltd. (OGFGF) said the steep fall in the Australian dollar is mitigating the impact of lower oil prices, while announcing new targets to reduce capital expenditure. Origin said Monday it continues to expect total cash distributions from its flagship Australia Pacific liquified natural gas project of between 1.1 billion Australian dollars and A $1.3 billion in the year through June. It said cost cutting had lowered the breakeven mark for distributions to an...
Global benchmark oil prices traded as much as $3 a barrel lower as the market opened for Monday's trading session, reflecting fears of oversupply after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production.
The Saudi-led Organization of the Petroleum Exporting Countries will convene a virtual meeting on Thursday with other oil-producing nations including Canada and Russia, aiming to negotiate a truce in a Saudi-Russia fight for market share that has cratered oil prices over the past month. Saudi Arabia has delayed pricing its crude for May delivery as it awaits the result of the meeting. The move represents a cease-fire in a price war that has contributed to a 70% drop in oil...
Warring factions in Yemen accused each other on Sunday of attacking an oil pipeline pumping station in the central province of Marib, where clashes have raged for weeks and displaced tens of thousands of civilians.
OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to "protect" U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share.
U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to "protect" U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share.
President Donald Trump said on Saturday he would put tariffs on imports of crude oil or take other measures if he has to protect energy workers from the oil price crash.
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