Oil prices slide on concerns of sharp economic slowdown

Philippines News News

Oil prices slide on concerns of sharp economic slowdown
Philippines Latest News,Philippines Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Oil prices kicked off the week's trading with losses as concerns of a sharp...

FILE PHOTO: FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo

Brent crude oil futures were at $66.79 per barrel at 0022 GMT, down 29 cents, or 0.4 percent, from their last close.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oman oil minister says excited to be part of Sri Lanka oil refinery projectOman oil minister says excited to be part of Sri Lanka oil refinery projectOman oil minister Mohammed bin Hamad Al Rumhy said on Sunday he was excited to b...
Read more »

Oman oil minister excited to be part of Sri Lanka oil refinery projectOman oil minister excited to be part of Sri Lanka oil refinery projectOman's oil minister said on Sunday he was excited to be part of a Sri Lanka...
Read more »

Venezuela may divert U.S.-bound oil to Russia, says Jose generator back onlineVenezuela may divert U.S.-bound oil to Russia, says Jose generator back onlineVenezuela's oil minister and president of state-run oil company PDVSA, Manu...
Read more »

Oil eases on economic worries, but OPEC-led cuts supportOil eases on economic worries, but OPEC-led cuts supportOil prices dipped on Monday amid concerns that an economic downturn may dent fue...
Read more »

Saudi's Falih: OPEC may cancel April meet, but hold steady on oil outputSaudi's Falih: OPEC may cancel April meet, but hold steady on oil outputOPEC and its non-OPEC partners need to reconsider if there is a need for a meeti...
Read more »

The US is set to become the world's biggest oil exporter thanks to the fracking revolutionThe US is set to become the world's biggest oil exporter thanks to the fracking revolutionThe US shale boom has made it one of the world's largest energy producers and potentially the largest oil exporter globally in five years.
Read more »

$60-$70 oil is the 'pain threshold' for the US and OPEC, JPMorgan says$60-$70 oil is the 'pain threshold' for the US and OPEC, JPMorgan saysAn oil price of between $60 and $70 per barrel is both a 'sweet spot' and 'pain threshold' for rival oil producers in the U.S. and OPEC according to the head of EMEA Oil & Gas Research at JPMorgan.
Read more »

OPEC cancels April meeting, leaving price-boosting oil output cuts in place through JuneOPEC cancels April meeting, leaving price-boosting oil output cuts in place through JuneOPEC and its allies will not make a decision to extend production cuts in April, giving the group more time to assess the oil market.
Read more »

Oil edges above $67 as OPEC-led supply cuts supportOil edges above $67 as OPEC-led supply cuts supportOil edged further above $67 a barrel on Monday, supported by the prospect of pro...
Read more »

Oil slips on economic slowdown, but OPEC-led cuts still supportOil slips on economic slowdown, but OPEC-led cuts still supportOil prices dipped on Monday amid concerns that an economic downturn may dent fue...
Read more »



Render Time: 2025-08-28 22:16:23