Commodities & Futures

Commodities

Global oil prices continued to plunge, while the pain spread to currencies of major exporters and shares in energy producers. The most actively traded U.S. crude benchmark plummeted by over a third.

WSJ News Exclusive

Saudi Arabia’s oil-price war with Russia flooded the market with crude. Now, with demand having dried up and buyers hard to find, the kingdom is resorting to storing much of it at sea.

Gas Markets

When natural gas became as cheap as coal in the U.S., it spawned an energy transformation that drove many companies out of business while generating opportunities for others. East Asia’s biggest economies are now going through the same upheaval.

Commodities

U.S. crude prices slid to a new 18-year low, recording another big weekly drop with the coronavirus pandemic erasing demand for fuel and pressuring energy producers.

Commodities

As inventories of oil rapidly accumulate, producers could soon be forced to pay consumers to take it off their hands, effectively pushing prices below zero.

Markets

Occidental Petroleum has elected to pay a quarterly $200 million payment it owes Warren Buffett’s Berkshire Hathaway in shares, a sign of the financial strain the company is facing as the coronavirus erodes demand for oil.

World

Twenty-three countries committed to withhold 9.7 million barrels a day of oil collectively from global markets. The deal, designed to address a mounting glut, came as President Trump intervened to help resolve a Saudi-Mexico standoff.

Politics

The administration is turning toward the most well-worn pages of its global playbook—tariffs and threats—as it tries to stop an oil-price war from crippling dozens of U.S. companies

Commodities

The price of Dated Brent, a key gauge of the market for oil cargoes in the North Sea, has been at least $5 a barrel lower than the price of Brent-crude futures since March 24.

Commodities

Investors say the world could run out of storage for its excess oil in just a few months, and energy companies are starting to file for bankruptcy.

Commodities

Hopes for a truce in the global oil-price war powered the biggest one-day jump on record for crude prices, with investors betting an ease in tensions would alleviate some of the pressure from the coronavirus crisis.

Commodities

Saudi Arabia says it is willing to consider massive oil-supply curbs as long as other nations join the effort.