Local petroleum firms forecast plunging revenue in 2020

Local petroleum firms forecast plunging revenue in 2020

Pressed by COVID-19 and the oil price war between Russia and the OPEC, local petroleum manufacturers expect great plunges in revenue.
Oil price skids on oversupply fears and weak world economy

Oil price skids on oversupply fears and weak world economy

World oil prices tumbled on Tuesday (Dec 18) to strike their lowest levels in more than a year, hit by fears over the outlook for the global economy and doubts over producers' resolve to cut output.
Brent crude closes above $103 a barrel

Brent crude closes above $103 a barrel

Oil prices were mixed Monday, as crude fell in New York but surged above $104 a barrel in London to fresh two-year highs on growing concern that Egypt-style unrest could spread in the Middle East.