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Oil tumbles 8% below $65 as China retaliates with tariffs on US

April 04, 2025 6:14 pm

Nations around the world have readied retaliation after Trump raised tariff barriers to their highest in more than a century, leading to a plunge in world financial markets.

Oil prices dive as Saudi Arabia takes aim at Russian production

March 09, 2020 1:43 pm

Saudi Arabia is the world’s largest oil exporter and has been producing about 9.7 million barrels a day, well under its roughly 12 million-barrel-a-day capacity. Falling prices are a huge problem for Saudi Arabia and other oil-dependent nations.

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Goldman cuts Brent forecasts to $30 on price war, coronavirus impact

March 09, 2020 10:20 am

Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the virus outbreak.

Crude oil prices, Multi Commodity Exchange, crude oil prices rise, rise in crude oil prices rise, Business news, World crude oil market, international business news

Kurd Referendum: Oil markets take a breather after jump the day before

September 26, 2017 9:02 am

Turkish President Tayyip Erdogan threatened on Monday to cut off the pipeline that carries oil from northern Iraq to the outside world, intensifying pressure on the Kurdish autonomous region over its independence referendum.