Oil prices plummeted on Monday as renewed COVID-19 lockdowns raised new concerns about global fuel demand. Brent crude futures for March fell …
Energy | Petroleum
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Energy | PetroleumNews
Oil drops due to increased COVID-19 cases in China and high US oil stocks
by BUNKERISTby BUNKERISTOil prices dropped to a lower level on Friday. There are concerns that increasing US crude oil stocks and increasing restrictions in …
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Oil rose on Wednesday on expectations that the US President Joe Biden’s administration would increase fuel demand, implement policies to shrink crude …
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Oil prices soared on US stock exchanges before Joe Biden become US president on Tuesday. The optimism that global economic growth may …
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Energy | PetroleumNews
Strong dollar and coronavirus concerns lower the oil price
by BUNKERISTby BUNKERISTOil prices drop slightly on Monday, with a strengthening dollar. Fears of rising COVID-19 cases worldwide and the slow pace of vaccination …
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Energy | PetroleumNews
Oil steady as strong China data offset coronavirus concerns
by BUNKERISTby BUNKERISTThere is a better-than-expected last quarter recovery for the Chinese economy. Despite rising COVID-19 cases worldwide, economic growth and tight restrictions that …
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Energy | PetroleumNews
Oil and gas methane emissions decreased by 10% in 2020 as production fell
by BUNKERISTby BUNKERISTA report by the International Energy Agency (IEA) said last year oil and gas operations released over 70 million tonnes of methane, …
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Energy | PetroleumNews
Oil prices soar on high Chinese datas and weak dollar
by BUNKERISTby BUNKERISTOil prices rose on Thursday amid bullish signals from the weak dollar and Chinese import data. However, renewed concerns about global oil …
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Although coronavirus cases limited gains, oil prices soared on Thursday after strong data in China showing an increase in imports and the …
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Expectations for tighter supply and a decline in U.S. oil stocks offset concerns about rising coronavirus cases globally, with oil hitting an …