Petroleum prices decreased to the lowest level of two weeks on Thursday Thursday with China’s state oil reserves releasing strategy. The U.S.…
Category:
Energy | Petroleum
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Energy | PetroleumNews
WTI and Brent crude prices rebound, supported by lower US production
by BUNKERISTby BUNKERISTOil prices rose in the second session on Thursday and rebounded their previous losses, as a drop in US Gulf of Mexico…
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Energy | PetroleumNews
Oil steady on Hurricane Ida, strong dollar and demand concerns
by BUNKERISTby BUNKERISTOil prices were little changed on Wednesday following overnight losses from strong dollar and demand concerns as production slowly resumes in the…
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Energy | PetroleumNews
Oil prices mixed, deep price cuts sign that consumption remains stagnant which irritates the market
by BUNKERISTby BUNKERISTMore than 80% of oil production in the Gulf of Mexico remains shut in after Hurricane Ida, a U.S. regulator said on…
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Energy | PetroleumNews
State oil giant Saudi Aramco will cut its October official selling prices (OSPs – Offical Selling Prices) by at least $1
by BUNKERISTby BUNKERISTOil prices extended their losses, falling nearly $1 on Monday after the world’s largest exporter, Saudi Arabia, lowered its crude oil contract…
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Energy | PetroleumNews
Oil prices fell after weaker-than-expected US jobs report, which meant lower demand and economic recovery
by BUNKERISTby BUNKERISTOil and gas production in the US Gulf of Mexico was largely halted in the wake of Hurricane Ida, with 1.7 million…
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Energy | PetroleumNews
Oil prices mixed on Friday after weak US dollar, and slumps and increase in crude inventories
by BUNKERISTby BUNKERISTOil prices were mixed on Friday with a strong move after the weak dollar in the previous session and the drop in…
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Energy | PetroleumNews
OPEC+ continues its policy of gradually returning to market
by BUNKERISTby BUNKERISTThe Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, agreed on Wednesday to continue a policy of phasing…
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Energy | PetroleumNews
Oil rises ahead of OPEC+ meeting and Wednesday’s EIA data
by BUNKERISTby BUNKERISTOil prices rebounded on Wednesday after US crude inventories fell more-than-expected last week and stabilized after overnight losses from Hurricane Ida’s impact…
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Oil prices slumped on Tuesday on concerns that demand for crude oil will decline as Hurricane Ida causes power outages and flooding…
