Oil on the rise under coronavirus concern
Oil surged to $ 41 on Tuesday as some oil companies halted U.S. Gulf of Mexico oil production due to […]
Oil is on the rise, but coronavirus is still the major concern
Oil prices soared on Tuesday after recent sharp losses, but the market is worried as global COVID-19 cases are rising,
Virus cases and Libya production increase, oil falls
Increasing coronavirus cases in the US and Europe raise concerns about energy demand, while Libya’s rapidly growing production is also
Possibility of extension of OPEC +’s cuts balances anxiety
Demand concerns arising from rising coronavirus cases in the US and Europe seem to be compensated in anticipation of an
Renewable energy
Renewable energy is energy obtained from naturally renewable sources such as solar energy, wind energy, hydraulic energy (water, rain, tide,
Oil backed by incentive prospects
Oil prices soared on Thursday with the prospect of a United States economic stimulus package. However, as US gasoline stocks
Oil trying to recover after high U.S. gasoline stocks
Oil prices icked up on Thursday, but struggled to fully recover from previous session losses as high U.S. gasoline stocks
Oil drops due to inventory data expressing demand weakness
Oil prices plummeted Wednesday after US inventory showed demand for refined products was weakening as global COVID-19 cases increased. The
U.S. oil stock inventory points to abundance of supply, prices are down
Oil prices continued to soften on Wednesday as the surprising increase in U.S. crude oil stocks raised concerns over global
Drilling Rig
The drilling rig is an integrated system that drills wells such as oil or water wells underground. Drilling rigs can