Korean shipbuilders nervous as oil prices turn negative
(Yonhap) via The Korea Herald SEOUL — Jitters are being felt among Korean shipbuilders as the price of US oil turned negative for the first time in history this week,…
Negative oil futures price reflects shock of COVID-19 pandemic
A line handler helps dock the oil tanker, Texas Voyager, as it pulls into its mooring to offload its crude oil at Port Everglades in Fort Lauderdale, Florida,on April 21,…
Shares skid after oil prices dip into negative territory
BANGKOK — Asian shares skidded on Tuesday after U.S. oil futures plunged below zero with storage for crude nearly full as demand collapses due to the pandemic. A man wearing…
Oil price goes negative as demand collapses; stocks dip
NEW YORK — Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. Aramco refinery at Ras…
Prolonged COVID-19 lockdown fallout: Zero or negative growth, says Dominguez
The Duterte administration’s chief economic manager on Wednesday (April 8) said the extension of the enhanced community quarantine in Luzon will result in “zero to possibly negative 0.8-percent” Philippine economic…