HONG KONG: Oil prices plunged in Asia Monday, sending energy firms and regional stock markets tumbling after the collapse of talks among the world’s top oil producers intended to ease a global supply glut.

Hopes that the talks in Doha on Sunday would result in an output cap helped the black gold climb to 2016 highs last week, having approached 13-year lows just months ago.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details