U.S. cash crude prices plunged on Monday, with popular export grades sliding to ...
NEW YORK - U.S. cash crude prices plunged on Monday, with popular export grades sliding to their weakest levels in more than a year and a half, following a collapse in benchmark futures in the biggest daily price rout since the 1991 Gulf War.
Saudi Arabia and Russia have launched a global price war, and signalled they would hike output in a market already awash in crude. “We have to let markets calm down a bit to see if exports can still find a home. My guess is U.S. crude has nowhere else to go, so it will be priced to clear in Europe or Asia,” said Sandy Fielden, director of oil and products research, Morningstar in Austin, Texas.
U.S. crude’s discount to Brent futures at one point on Monday narrowed to as little as $1.40 a barrel, the smallest since November 2016, traders said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Dow futures tumble as Saudi-Russia oil price war adds to coronavirus stressSaudi Arabia slashed official crude selling prices for April, in a sudden U-turn from previous attempts to support the oil market as global demand declines.
続きを読む »
Oil stocks tumble across the board amid Saudi/Russia price war, energy ETF down 16%Shares of oil companies tumbled in premarket trade Monday, as crude prices fell 20% amid a price war between Russia and Saudi Arabia. The Energy Select SPDR...
続きを読む »
Oil prices plunge, hit by erupting Saudi-Russia oil price warOil prices plummet after Saudi Arabia slashes its official selling prices and sets plans for a dramatic increase in crude production next month. More here:
続きを読む »
What's behind Russia-Saudi Arabia oil price war that's sent markets plunging?“The main reason why coronavirus is a threat to oil prices is that China is the main new consumer of oil in the world,” economist Cailin Birch said.
続きを読む »
Oil prices crash as the Saudi-Russia alliance collapsesThe two unlikely partners are now engaged in a price war
続きを読む »
Crude Prices Collapse After Saudi Pledge to Boost OutputOil prices lost a fifth of their value, a historic fall, as a clash between oil giants Saudi Arabia and Russia threatened to flood a world already hobbled by the coronavirus outbreak with a glut of crude.
続きを読む »