COVID-19 hit stock markets as it spread from country to country

As Covid-19 spread around the world, stock markets in individual countries took a major hit—yet stock markets in China where the disease first struck avoided significant falls—researchers at Lero, the Science Foundation ...

US oil price plummets: What does it mean?

U.S. oil prices plummeted below zero at the close of market Monday, a historic first for the commodity. As dwindling demand caused by COVID-19 shutdowns pushed storage facilities to their brink, the price per a barrel dropped ...

Satellites map the global flow of oil

Demand for oil has collapsed due to the coronavirus pandemic just as supply is about to strengthen because of a dispute between Russia and Saudi Arabia. As a result, oil prices have sunk to levels not seen since 2002.

Oil-rich Norway struggles to beat its 'petroholism'

For climate reasons as much as economic prudence, Norway is trying to cut its dependence on oil, a godsend that has made the small Scandinavian country rich beyond its dreams—which is exactly what makes it hard to pass ...

Germany's BASF 'cautious' after challenging 2016

German chemicals giant BASF on Friday said it expected higher oil prices to push up earnings this year after a challenging 2016, when its main Ludwigshafen plant was hit by a deadly explosion.

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