California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images California Gov. Gavin Newsom is issuing an executive order that seeks to eliminate sales of new gasoline-powered cars in his state by 2035. Why it matters: California
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Oil prices slip as growing stockpiles signal bumpy fuel demand recovery
MELBOURNE (Reuters) – Oil futures fell in early trade on Thursday, paring overnight gains, on worries about fuel demand after data showed U.S. crude stockpiles rose last week, rather than dropping as expected, and COVID-19
Read moreOil falls further amid growing alarm over coronavirus second wave
TOKYO (Reuters) – Oil futures fell further on Wednesday after big declines the previous session with Brent sliding below $40 a barrel for the first time since June as COVID-19 cases rebounded in several countries.
Read moreOil prices fall as fuel demand concerns grow after end of U.S. summer driving season
MELBOURNE/SINGAPORE (Reuters) – Oil prices fell on Tuesday amid concerns that a possible rise in COVID-19 cases following the U.S. Labor Day long weekend, which also marks the end of the peak U.S. driving season,
Read moreOil skids after Saudi price cuts, demand optimism fades
SINGAPORE (Reuters) – Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while
Read moreOil drops more than $1 after Saudi price cuts, demand optimism fades
SINGAPORE (Reuters) – Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as
Read moreOil holds above $44, heads for weekly drop on demand concerns
LONDON (Reuters) – Oil held above $44 a barrel on Friday and was on course for its biggest weekly decline since June as weak demand figures added to concern over a slow recovery from the
Read moreOil rises in shift to risk assets as U.S. dollar slides
MELBOURNE (Reuters) – Oil prices rose in early trade on Tuesday, reversing overnight losses, as investors shifted to risk assets and out of the safe-haven U.S. dollar, which slid to a more than two-year low.
Read moreOil rises on stimulus support and China data, set for monthly gains
SINGAPORE (Reuters) – Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels
Read moreSteady oil price belies weakening physical market
LONDON (Reuters) – The oil price is holding steady close to $45 a barrel, but prices further forward and in the physical market are showing new signs of weakness mainly due to a fall in
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