International

Oil Jumps in Early Asia Trading After Two Days of Huge Selloffs

Published on : 2020-04-22

Oil surged 10% in early Asia trading after two days of historic routs.


West Texas Intermediate for June delivery gained $1.16 to $12.73 a barrel at 6:04 p.m. in New York. That stemmed a massive selloff over the past two days that took the May contract below zero. A relentless rout this year has shifted the entire forward curve for oil, after the Covid-19 pandemic caused demand to crater, forming a huge global glut.

Related Articles

QatarEnergy awards $6bln EPC contracts for Al Shaheen field

Under this, Project Ruya will see the development of more than 550mln barrels of oil within a five-year period with the first oil expected in 2027

Read More

Saudi Arabia mulls additional Aramco stake sale

The Saudi government is mulling a follow-on offering of Saudi Aramco as early as February

Read More

Eni Completes Acquisition of Neptune Energy: Advancing Low-Carbon Energy Solutions

Eni acquisition of Neptune Energy accelerates low-carbon solutions, reinforcing its global presence in natural gas and advancing carbon capture initiatives.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumbergerhttps://www.shell.com/GascoCPCAlmansoori