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Commodity News
WoodMac: Oil price rout: which supply is most at risk of shut-in?
The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. Read more
Mar 27, 2020
Oil market volatility is at an all-time high
Crude oil prices have fallen significantly since the beginning of 2020, largely driven by the economic contraction caused by the 2019 novel coronavirus disease. Read more
Mar 27, 2020
Oil falls as demands fears outweigh stimulus efforts
Oil prices fell on Friday as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world and as the United States faced the prospect of becoming the next global epicenter of the pandemic. Read more
Mar 27, 2020
