Oil rose on Monday after major producers reached an agreement on record production cuts in July, and China’s crude oil imports reached …
Energy | Petroleum
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Energy | PetroleumNews
OPEC and Russia extend record oil cuts to end of July
by BUNKERISTby BUNKERISTOPEC decided to extend record oil production cuts by the end of July, after Russia and its allies pulled almost 10% of …
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Energy | PetroleumNews
Oil rises 5% amid lower US unemployment rate and OPEC + meeting hopes
by BUNKERISTby BUNKERISTOil prices rose on Friday following the unexpected drop in the US unemployment rate recorded in May and OPEC’s expectation of whether …
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Energy | PetroleumNews
Oil rises as traders wait for OPEC + meeting to extend supply cuts
by BUNKERISTby BUNKERISTOil rose on Friday while investors are waiting for clues from this weekend meeting, where major oil producers will discuss whether to …
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Energy | PetroleumNews
Oil falls due to production cuts and US stock inventory
by BUNKERISTby BUNKERISTOil prices fell on Thursday with doubts about the concerns with major crude oil producing countries’ ability to agree to extend the …
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Energy | PetroleumNews
Oil increased by more than 3% before OPEC + meeting
by BUNKERISTby BUNKERISTThe probable decision to extend the production cuts to be taken by major crude oil producer countries at a video conference meeting …
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Oil futures continued on Monday, driven by increasing US-China tensions. Prices have received support from news that OPEC and Russia are close …
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Energy | PetroleumNews
Oil prices changed slightly on Monday before the upcoming OPEC + meeting
by BUNKERISTby BUNKERISTThe Organization of the Petroleum Exporting Countries (OPEC) is considering meeting this week as soon as possible to discuss whether to extend …
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Energy | PetroleumNews
Tankers from Saudi Arabia inflate US crude oil stocks
by BUNKERISTby BUNKERISTUS oil stocks rose sharply over the past week as the tanker fleet from Saudi Arabia, which was sent on the days …
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Energy | PetroleumNews
Oil drops while the highest monthly increase in production cuts
by BUNKERISTby BUNKERISTUS inventory data express the inadequacy of fuel demand in the world’s largest oil consumer. On top of it, oil prices dropped …