As globally resurgent coronavirus cases suppress a promising rebound in fuel demand, Libya’s increased production is contributing to the surplus. Oil prices …
Energy | Petroleum
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Oil prices dropped on Monday after China’s third-quarter growth was weaker than expected. The concerns increased that the world’s largest oil importer …
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Energy | PetroleumNews
Oil is down with resurgence of COVID-19 and supply concerns
by BUNKERISTby BUNKERISTOil prices fell on Friday amid concerns over a decline in demand in the two most fuel-consuming regions of the world, driven …
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Energy | PetroleumNews
Oil falls due to restart of COVID-19 and strong dollar
by BUNKERISTby BUNKERISTWhile oil has been falling amid concerns that the increase in COVID-19 cases in Europe and the United States is reducing demand …
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Energy | PetroleumNews
Oil plummets as new lockdowns raise concerns about fuel demand
by BUNKERISTby BUNKERISTOil prices eased on Thursday as new restrictions to halt the rise in COVID-19 infections dampened the outlook for economic growth and …
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Energy | PetroleumNews
Oil increased by 2% on adaptation to production cuts
by BUNKERISTby BUNKERISTOil prices strengthened on Wednesday as OPEC and its allies complied with the agreement to cut oil supplies in September, as there …
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Energy | PetroleumNews
Oil prices dropped amid growing coronavirus concern
by BUNKERISTby BUNKERISTOil prices fell on Wednesday amid concerns that increased coronavirus cases in Europe and the United States, the world’s largest oil consumer, …
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Energy | PetroleumNews
Prices drop by 3% as U.S., Libya and Norway oil supplies resume
by BUNKERISTby BUNKERISTOil prices dropped nearly 3% on Monday as the force majeure in Libya’s oil field was lifted, the Norwegian strike ended, and …
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Energy | PetroleumNews
Oil prices fell 1% as production started after hurricane and strike
by BUNKERISTby BUNKERISTOil prices dropped 1% on Monday as US producers started production after Hurricane Delta, and the Norwegian workers’ strike ended. Brent crude …
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Energy | PetroleumNews
Norwegian oil workers strike ends, oil prices fall over 1%
by BUNKERISTby BUNKERISTOil prices fell more than 1% on Friday after the oil workers’ strike in Norway ended. The end of the Norwegian strike …