Increased oil prices, sourced by the risk of up to 25% cut in supply from Norway due to the oil workers’ strike, …
Energy | Petroleum
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Energy | PetroleumNews
Oil climbed above $ 42 in hopes of a reduction in supply and a US stimulus package.
by BUNKERISTby BUNKERISTOil surged to over $ 42 a barrel on Thursday, backed by U.S. production cuts in the Gulf of Mexico, the possibility …
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Energy | PetroleumNews
Stimulus deadlock and increased US crude stocks drop oil prices
by BUNKERISTby BUNKERISTOil prices plummeted on Wednesday after the President of the US shattered hopes of a fourth stimulus package to boost the economy …
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Energy | PetroleumNews
Oil prices soar after president returns to White House
by BUNKERISTby BUNKERISTOil prices, which rose more than 5% after the President of the United States dropped when he was being treated for COVID-19 …
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Oil prices soared by more than 2% on Monday, with comments suggesting that U.S. President might be discharged from the hospital Monday, …
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Energy | PetroleumNews
US President’s coronavirus result upsets economies and oil lost 4%
by BUNKERISTby BUNKERISTThe US President’s positive test for COVID-19 made risky assets nervous and caused sales in stock markets around the world. Oil prices …
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The US President’s virus test is said to appear positive, oil fell 3% on Friday. In addition, the rejection of the US …
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Energy | PetroleumNews
Oil in decline due to low demand and high OPEC supplies
by BUNKERISTby BUNKERISTOil prices fell on Thursday as the demand outlook was weakened by rising coronavirus cases and price pressure from the rise in …
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Rising new coronavirus cases are causing the pace of demand recovery to remain low and supply not being able to increase. Oil …
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Energy | PetroleumNews
Oil fell over 3% due to demand, US elections and Nagorno-Karabakh tensions
by BUNKERISTby BUNKERISTAs Europe and the United States grapple with the rise in new coronavirus infections, oil prices fell more than 3% on Tuesday …