It is estimated that if fuel consumption is reduced in line with plans to limit global warming, oil prices could fall to …
Energy | Petroleum
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Vaccine applications brighten the outlook for global oil demand. But while the underlying principles seem stronger, increased cases in countries consuming some …
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On Tuesday, OPEC raised its forecast for growth in world oil demand this year on expectations that the epidemic would subside, and …
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Energy | PetroleumNews
Oil margins decrease in supply balance and demand outlook
by BUNKERISTby BUNKERISTOil prices plunged in limited trade on Friday amid concerns over increased supplies from major producers and the impact of the COVID-19 …
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Strong economic data from China and the US helped oil prices soar 1% on Tuesday, recouping some of the losses from the …
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Oil prices soared on Tuesday, backed by strong economic data from China and the US. Compensated for some of the losses from …
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Energy | PetroleumNews
Oil fell 2% due to new lockdowns and demand concerns
by BUNKERISTby BUNKERISTA pessimistic demand outlook emerged as new lockdowns in Europe raised fuel consumption concerns ahead of the meeting between OPEC and its …
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Energy | PetroleumNews
Suez Canal opened, dollar rising, oil falling and eyes on OPEC + meeting
by BUNKERISTby BUNKERISTOn Tuesday, oil prices fell more than 1% as the Suez Canal opened for traffic and the US dollar rose. Investors focused …
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Energy | PetroleumNews
Oil rises in anticipation of continued production cuts
by BUNKERISTby BUNKERISTOil prices soared on Monday after Russia announced it would support steady oil production ahead of the meeting this week. Earlier in …
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Oil fell on Monday as the Suez Canal partially reopened, which was blocked by a container ship for about a week. Hopes …