About: http://data.cimple.eu/news-article/984146997644cb28cb875be88ef7fe68f11a73a0c87f3da2695d386a

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About: http://data.cimple.eu/news-article/984146997644cb28cb875be88ef7fe68f11a73a0c87f3da2695d386a Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Oil plunged about 20 percent Monday after top exporter Saudi Arabia made deep price cuts following a failure by OPEC and its allies to strike a deal to support energy markets. The two main contracts were both down about 20 percent in morning Asian trade, with West Texas Intermediate sliding to around $32 a barrel and Brent crude to some $36 a barrel. Bloomberg News reported on Sunday that Saudi Arabia had begun an all-out oil war after making the biggest cut in its oil prices in the last 20 years. The Gulf powerhouse cut its price for April delivery by $4-6 a barrel to Asia and $7 to the United States, with Aramco selling its Arabian Light at an unprecedented $10.25 a barrel less than Brent to Europe, Bloomberg said. The Saudi cuts were in response to a failure by OPEC and its allies to clinch a deal on production cuts. The OPEC+ meeting was expected to agree to deeper cuts of 1.5 million barrels per day to counter the effects of the novel coronavirus, but Moscow refused to tighten supply. sr/je
schema:headline	Oil down about 20 percent after Saudi price cuts
schema:mentions	Bloomberg News OPEC Bloomberg L.P. World energy consumption Saudi Aramco Barrel Asia Moscow Saudi Arabia European Union United States Coronavirus Oil war Brent Crude West Texas Intermediate
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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