Oil prices fell to their lowest level in the last eighteen years in March as governments call people to stay home due …
Category:
Energy | Petroleum
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Petrol recovered after a two-day drop on Wednesday, hoping that a video conference meeting between Russia and OPEC members and allied producers …
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Energy | PetroleumNews
Oil rises with the increasing hopes of global production cuts
by BUNKERISTby BUNKERISTOil prices are experiencing a day when they hope to reduce the fear that a global recession may be deeper than expected …
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Energy | PetroleumNews
An overall production cut-off likely to happen among big producers
by BUNKERISTby BUNKERISTThe oil producers group, known as OPEC +, including Saudi Arabia and Russia, is expected to agree to cut production at the …
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Energy | PetroleumNews
Oil falls after Saudi Arabia’s and Russia’s meeting putting off
by BUNKERISTby BUNKERISTPrices had risen at the end of last week, both WTI and Brent contracts set a record with their weekly highest percentage …
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Energy | PetroleumNews
Oil industry debates biggest-ever oil cut with U.S.’s participation
by BUNKERISTby BUNKERISTThe oil market collapsed, and as a result of the coronavirus pandemic, prices fell from $ 65 to $ 34 in 2020. …
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Oil, which recorded the biggest gains of one day in the previous session, fell on Friday, looking skeptical to the rhetoric of …
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While Oil prices dropped on Wednesday in accordance with the US raw inventories rising the most since last week, gasoline demand also …
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Energy | PetroleumNews
Increasing US inventory raises concerns about excess supply
by BUNKERISTby BUNKERISTGlobal crude oil prices fell further Wednesday, as a larger-than-expected increase in US inventories and a rising trend in OPEC increased fear …
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Energy | PetroleumNews
Freight increase is profitable for oil traders despite contango
by BUNKERISTby BUNKERISTIn accordance with a jump in freight rates, even though Brent futures extended to the widest level of contango in the first …
