Oklahoma wants Trump to declare coronavirus an ‘act of God’ to help oil producers

Oklahoma’s governor has called on U.S. President Donald Trump to declare the coronavirus pandemic an “act of God,” a step to assistance oil-developing states contend with a crude glut that caused futures rates to shut under $ very last 7 days for the initially time.

“More than-production of oil continues to threaten the economic climate,” Governor J. Kevin Stitt claimed in a letter to Trump that Stitt posted on Twitter late on Saturday.

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OPEC and oil nations agree to cut nearly 10M barrels per day

DUBAI, United Arab Emirates — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.

The cartel and other nations agreed to allow Mexico to cut only 100,000 barrels a month, a sticking point for an accord initially reached Friday after a marathon video conference between 23 nations. They reached the deal just hours before Asian markets reopen Monday as international benchmark Brent crude traded at just over $31 a

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Petrol, diesel to get cheaper as crude oil falls to 13-mth low, Auto News, ET Auto

In Delhi, petrol was priced at 71.96 and diesel 64.65 a litre on Thursday.
In Delhi, petrol was priced at seventy one.ninety six and diesel 64.sixty five a litre on Thursday.

New Delhi: Domestic premiums of petrol and diesel, down about 4 a litre due to the fact mid-January, are established to decrease even further as crude oil slumped to a 13-thirty day period reduced on Thursday to about $52/barrel on fears that the Covid-19 outbreak may well choose a hefty toll on international economic progress and oil demand from customers.

Petrol is down three.seventy four a litre and diesel 4.41 a litre due to the fact mid-January. In Delhi, petrol was priced at

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