The administration of US President Joe Biden has started talks with the utilities and automobile sectors on reducing greenhouse gas emissions. The …
Energy | Petroleum
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Major producers roughly comply with their production throttling commitments. As a result, oil increased by 2%, reaching a 12-month high. OPEC production …
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Oil prices soared by more than 1% on Tuesday after major crude oil producers showed they were roughly curtailing production according to …
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Energy | PetroleumNews
Oil prices rise as stocks fall and demand increases
by BUNKERISTby BUNKERISTOil prices on Monday were revived by falling stocks and hopes for a rapid global economic recovery. However, slowing vaccination practices and …
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Energy | PetroleumNews
Oil industry’s combat against electric vehicle agenda
by BUNKERISTby BUNKERISTThe oil industry is trying to ally with farmers and biofuel producers against initiatives in electric vehicles. The effort to promote liquid …
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Oil prices rose slightly on Friday, but traded in a narrow range. Prices are rising due to voluntary cuts in Saudi Arabia’s …
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Energy | PetroleumNews
Oil falls due to the demand concerns and stronger dollar
by BUNKERISTby BUNKERISTOil fell in Asian morning trade on Thursday, despite the massive drop in US crude oil inventory. The increase in the US …
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Energy | PetroleumNews
Virus deaths increased, demand concerns continue, oil prices stable
by BUNKERISTby BUNKERISTOil prices changed little on Tuesday as rising coronavirus deaths raised concerns about the global demand outlook. News of the explosion in …
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Energy | PetroleumNews
Concerns about pace of recovery in demand lower the oil
by BUNKERISTby BUNKERISTOil prices plummeted Tuesday as the U.S.’s new economic recovery package was approved and hopes for an increase in new coronavirus cases …