Prices
Coronavirus latest: US crude oil prices crash below $15 a barrel
US crude oil prices crash below $15 a barrel David Sheppard in London US crude oil prices fell more than 20 per cent as trading reopened on Monday, crashing below $15 a barrel for the first time since 1999. The latest slump, which has seen US oil prices hit a succession of lows, comes as …
Coronavirus collapse pulls down U.S. consumer prices in March
The numbers: The consumer-price index dipped 0.4% last month, the biggest decline in five years, the Labor Department said Friday. The drop was in line with the forecast of economists surveyed by MarketWatch. Core inflation, minus food and energy, prices fell 0.1% in March, the first decline in 10 years. The rate of inflation over …
Oil prices could plunge below $20 a barrel in Q2 as demand craters: CNBC survey
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images The oil price bust may not be over. A historic demand shock sparked by the coronavirus pandemic is set to worsen in the current quarter, undermining any …
Oil Prices Fall in Asia After Thursday Surge: Live Updates
Global stocks fall as Wall Street’s rally fades. Stocks fell modestly in Asia and Europe on Friday, setting the stage for a downbeat end to a turbulent week in financial markets. European markets opened mildly lower. Futures markets suggested Wall Street would open lower as well. Wall Street stocks jumped on Thursday after President Trump …
Oil prices rise 4% after biggest one-day fall since 1991
SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. FILE PHOTO: Drilling rigs operate at sunset …
US crude prices plunge after OPEC deal failure sparks price war
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war. U.S. West Texas Intermediate crude dropped 29.48% to $29.11 per barrel as of 05:50 GMT Monday, having …
Saudi Arabia, in Move Aimed at Russia, Cuts Oil Prices and May Raise Production
Saudi Arabia slashed its export oil prices over the weekend in what is likely to be the start of a price war aimed at Russia but with potentially devastating repercussions for Russia’s ally Venezuela, Saudi Arabia’s enemy Iran and even American oil companies. The Saudi decision to cut prices by nearly 10 percent on Saturday …
Electric vehicle maker Rivian: expect prices lower than previously announced
MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. The Rivian R1T all-electric truck is pictured at an event, held by …
Oil prices jump after Iran military leader killed in US strike
Futures for Brent crude, a global benchmark, jumped 2.9% to $68.16 per barrel during Asian trading hours on Friday. US oil futures gained 2.8%, reaching $62.86 per barrel. That puts both on pace right now for their biggest daily gains in about a month, according to Refinitiv data. The Pentagon confirmed in a statement that …
Xpeng In-House Autonomous Vehicle Technology Keeps Prices Down
December 21st, 2019 by Nicolas Zart I recently met with Dr. Xinzhou Wu, Vice President of Autonomous Driving at Xpeng Motors, to learn more about the company’s autonomous vehicle (AV) bottom-up approach, part of its long-term strategic plan. Dr. Wu is in charge of overall strategy …
