Energy markets

FILE - In this Friday, March 13, 2020, file photo, a trader walks on the floor of the New York Stock Exchange during President Donald Trump's televised speech from the White House, in New York. Stock markets are set for another week of turbulent trading as U.S. index futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society. (AP Photo/Mark Lennihan, File)
March 15, 2020 - 10:21 pm
BEIJING (AP) — Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. Sydney's benchmark plunged 7% and Hong Kong's Hang Seng...
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FILE - In this Dec. 11, 2019, file photo, Saudi Arabia's state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia. Saudi Arabia's oil company Aramco said Wednesday, march 11, 2020, it will increase production capacity to 13 million barrels per day, up from 12 million per day, part of a strategy to dominate market share amid a slowdown in demand due to the outbreak of a new virus. (AP Photo/Amr Nabil, File)
March 15, 2020 - 3:41 am
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic. The announcement by the firm formally known...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 13, 2020. Shares have plunged in Asia, with Japan’s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Eugene Hoshiko)
March 13, 2020 - 4:23 am
BANGKOK (AP) — European markets were mostly higher Friday after a turbulent trading session in Asia. Shares rose in Paris and London but fell 6.1% in Japan following Wall Street's biggest drop since the 1987 Black Monday crash. Friday the 13th brought wild swings for some markets as governments...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 13, 2020. Shares have plunged in Asia, with Japan’s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Eugene Hoshiko)
March 12, 2020 - 11:30 pm
BANGKOK (AP) — Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and...
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Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange, Wednesday, March 11, 2020. Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus. (AP Photo/Richard Drew)
March 12, 2020 - 4:57 am
TOKYO (AP) — Global shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. France's CAC 40 slipped 6.6% to 4,307.17, while Germany's DAX lost 6.8% to 9,732.75. Britain's FTSE 100 plunged 5.7% to 5,542.17. The future contract for...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 4:20 am
TOKYO (AP) — European markets opened higher Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France's CAC 40 gained 2.5% to 4,750.03, while Germany's DAX rose 2.3% to 10,712.97. Britain's FTSE 100 added 1.4% to 6,043.49...
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A woman wearing a protective face mask walks by the investment icon bull statue on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 10, 2020 - 2:32 am
BEIJING (AP) — Asian stock markets rebounded Tuesday from record-setting declines after U.S. futures rose following President Donald Trump's announcement he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. Oil prices also recovered some of...
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A woman wearing a protective face mask walks by the investment icon bull statue on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 10, 2020 - 1:42 am
BEIJING (AP) — Asian stock markets rebounded Tuesday from record-setting declines after U.S. futures rose following President Donald Trump's announcement he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. Oil prices also recovered some of...
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Empty chairs and tables are lined up outside a restaurant in St. Mark's Square in Venice, Italy, Monday, March 9, 2020. Italy took a page from China’s playbook Sunday, attempting to lock down 16 million people — more than a quarter of its population — for nearly a month to halt the relentless march of the new coronavirus across Europe. Italian Premier Giuseppe Conte signed a quarantine decree early Sunday for the country’s prosperous north. Areas under lockdown include Milan, Italy’s financial hub and the main city in Lombardy, and Venice, the main city in the neighboring Veneto region. (Anteo Marinoni/LaPresse via AP)
March 09, 2020 - 12:37 pm
NEW YORK (AP) — U.S. companies buffeted by supply chain chaos and a growing awareness of the scope of a viral outbreak are facing new threats to begin the week. An oil war between Saudi Arabia and Russia sent the price for a barrel of U.S. crude below $34. Typically, falling energy prices are good...
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A woman's image is reflected in the window at the Australian Stock Exchange in Sydney, Monday, March 9, 2020. Asian stock markets plunged Monday after oil prices nosedived on worries a global economy weakened by a virus outbreak might be awash in too much crude. (AP Photo/Rick Rycroft)
March 09, 2020 - 7:21 am
BEIJING (AP) — Global stock markets and oil prices plunged Monday after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak. The main stock indexes in Britain and Germany were down by almost 7%. Japan's benchmark closed...
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