Oil surged to $ 41 on Tuesday as some oil companies halted U.S. Gulf of Mexico oil production due to the hurricane …
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Energy | PetroleumNews
Oil is on the rise, but coronavirus is still the major concern
by BUNKERISTby BUNKERISTOil prices soared on Tuesday after recent sharp losses, but the market is worried as global COVID-19 cases are rising, and demand …
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Energy | PetroleumNews
Virus cases and Libya production increase, oil falls
by BUNKERISTby BUNKERISTIncreasing coronavirus cases in the US and Europe raise concerns about energy demand, while Libya’s rapidly growing production is also putting pressure …
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Energy | PetroleumNews
Possibility of extension of OPEC +’s cuts balances anxiety
by BUNKERISTby BUNKERISTDemand concerns arising from rising coronavirus cases in the US and Europe seem to be compensated in anticipation of an extension of …
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Oil prices soared on Thursday with the prospect of a United States economic stimulus package. However, as US gasoline stocks and the …
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Energy | PetroleumNews
Oil trying to recover after high U.S. gasoline stocks
by BUNKERISTby BUNKERISTOil prices icked up on Thursday, but struggled to fully recover from previous session losses as high U.S. gasoline stocks signaled a …
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Energy | PetroleumNews
Oil drops due to inventory data expressing demand weakness
by BUNKERISTby BUNKERISTOil prices plummeted Wednesday after US inventory showed demand for refined products was weakening as global COVID-19 cases increased. The market is …
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Energy | PetroleumNews
U.S. oil stock inventory points to abundance of supply, prices are down
by BUNKERISTby BUNKERISTOil prices continued to soften on Wednesday as the surprising increase in U.S. crude oil stocks raised concerns over global supply abundance, …
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