Tag: crude production

• Thursday, March 18th 2021 - 08:53 UTC

  YPF hikes fuel prices 7% to help finance an ambitious investment plan to boost crude production

  

  YPF, the biggest oil producer in Argentina, said on March 16 that it hiked diesel and gasoline pump prices by 7%, helping to finance a US$2.7 billion investment plan to boost crude output.

• Tuesday, March 10th 2020 - 08:15 UTC

  Black Monday cocktail: oil price war and coronavirus trigger market panic

  

  World oil prices crashed on Monday, fuelling a vicious selloff on stock markets that were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30% at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.

• Friday, October 17th 2014 - 06:53 UTC

  Russia's Gazprom forecasts oil at 70 dollars a barrel in the short term

  

  The global oil market slump looks likely to continue, with prices possibly nearing 70 dollars a barrel in the short term, an official of Russian gas producer Gazprom said. Crude fell more than on dollar a barrel on Thursday to a four-year low below 83 a barrel as growing concerns over the global economy stretched a four-month rout.

• Friday, October 3rd 2014 - 07:11 UTC

  Oil at its lowest point in more than two years as Saudis defend market share

  

  Price cuts by key exporter Saudi Arabia helped send global crude prices to their lowest point in more than two years Thursday before they recovered in late trade.