Saudi Arabia made its deepest monthly price cut for supply to Asia in five months, and optimism about the recovery in demand …
Category:
Energy | Petroleum
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Oil prices fell more than 3% on Friday. Concerns of a slow economic recovery due to the COVID-19 pandemic has raised concerns …
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Energy | PetroleumNews
Oil on track for biggest weekly drop since June due to demand
by BUNKERISTby BUNKERISTPrices on both sides of the Atlantic are heading for their biggest weekly declines since June. Weak demand and abundant fuel supplies …
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Energy | PetroleumNews
Oil prices at their lowest in several weeks due to demand concerns
by BUNKERISTby BUNKERISTOil hovers at several week lows on Thursday amid concerns that the economic recovery from the COVID-19 pandemic is stagnating, and falling …
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After a higher-than-expected pull in US crude oil stocks, the optimism of the recovery of the epidemic, and strong factory activities in …
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Energy | PetroleumNews
Oil prices are down while trying to overcome demand uncertainty
by BUNKERISTby BUNKERISTOil prices fell on Monday. Brent fell from a five-month high, global demand remained below pre-COVID-19 levels and U.S. production soared. Brent …
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Hurricane Laura affected Louisiana and Texas, but causing no any widespread damage to the US oil industry. Prices dropped on Friday as …
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Energy | PetroleumNews
Oil prices dropped due to the possibility of a short hurricane effect
by BUNKERISTby BUNKERISTOil prices eased on Thursday as the market expected a rapid recovery for production platforms after hurricane Laura that hit the Gulf …
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Energy | PetroleumNews
Oil prices remain stable despite Hurricane Laura accelerates
by BUNKERISTby BUNKERISTOil prices remain stable on Thursday as the hurricane in the Gulf of Mexico affected the US oil industry, forcing oil rigs …
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US producers stopped most offshore production in the Gulf of Mexico before Hurricane Laura. Rising coronavirus cases in Asia and Europe continue …
