Oil futures rallied on Friday, reversing early losses, after OPEC sources said it expects limited growth in US oil production this year …
Category:
Energy | Petroleum
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Energy | PetroleumNews
Strong dollar drives price down, demand image still bullish
by BUNKERISTby BUNKERISTOil prices, which are on their way to end the week slightly behind most-year highs, fell for the second time on Friday …
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Energy | PetroleumNews
Oil, that hits multi-year highs, slumps as the US dollar strengthens
by BUNKERISTby BUNKERISTRegarding EIA crude oil inventories fell 7.4 million barrels in the previous week, refining performance rose to 92.6%, the highest level since …
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Oil prices rose on Wednesday and Brent rose for the fifth consecutive session as falling stocks and a recovery in demand encouraged …
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Energy | PetroleumNews
Oil rises as risk of Iranian supply start-up diminishes
by BUNKERISTby BUNKERISTOil prices rose on Tuesday. Brent rose for the fourth consecutive session as the US and Tehran talks on the nuclear deal …
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Energy | PetroleumNews
Oil prices rise as supply shrinks and demand outlook improves
by BUNKERISTby BUNKERISTOil extended its three-week gains and rallied on Monday, supported by the improving outlook for fuel demand as increased COVID-19 vaccines helped …
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Oil prices hit multi-year highs on Friday. As rising COVID-19 vaccination rates helped lift pandemic restrictions, it closed the third consecutive week …
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Oil prices fell on Friday, but headed for a third week increase on expectations of a recovery in fuel demand in Europe, …
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Energy | PetroleumNews
Oil skids as US summer inventory data fails to meet demand expectations
by BUNKERISTby BUNKERISTAs the US enters its busy summer driving season, the market’s forecast regarding demand was optimistic. Oil prices fell, however, on Thursday …
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The likelihood of a return of Iran’s supply dwindled after the US secretary of state said that lifting sanctions on Tehran was …
