About: http://data.cimple.eu/news-article/1d1f81ef42498af306dac1278ee4d52f329226198b51b9d4734387b3     Goto   Sponge   NotDistinct   Permalink

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

AttributesValues
rdf:type
schema:articleBody
  • Oil prices slipped Friday as doubts grew over US President Donald Trump's claim that Russia and Saudi Arabia planned to end their price war, a day after posting their biggest ever percent increase. US benchmark West Texas Intermediate was down 5.7 percent at $23.88 a barrel while Brent crude, the international benchmark, was off 2.7 percent at $29.11 a barrel. On Thursday, Brent had soared almost 46 percent a barrel while WTI jumped around 35 percent after Trump tweeted that Saudi Arabia and Russia could slash production by up to 15 million barrels to end a vicious price war. Oil markets have been in turmoil for weeks after top producer Riyadh cut prices amid a row with Moscow, and then demand all but evaporated due to lockdowns and travel restrictions to fight the spread of the coronavirus. Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, who he claimed had spoken with Russian President Vladimir Putin. "I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!" said Trump. "Could be as high as 15 Million Barrels," he added in a subsequent post. But doubts began to grow after the Kremlin denied Putin had spoken to the crown prince, Saudi Arabia did though call for a meeting of the OPEC+ oil producers to "stabilise the oil market", just one day after the kingdom boosted supplies to record levels. Riyadh is the kingpin of the OPEC cartel. Some analysts were sceptical such a major deal was within reach, while Bloomberg News cited a person familiar with the situation as saying Trump's goal was purely aspirational. "This could of course be a very substantial development, even in view of the massive oversupply of 25 million barrels a day that the market is currently facing," Magnus Nysveen, head of analysis at industry consultant Rystad Energy, told Bloomberg. The deal "sounds too good to be true," he added. sr/rma
schema:headline
  • Oil slips amid doubts price war will end soon
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software