Oil prices rose more than 2% on Tuesday as the hurricane in the United States supported supply cuts. However, predicting a slower-than-expected …
Energy | Petroleum
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Global fuel demand under pressure due to the coronavirus outbreak is performing a cumbersome recovery. Oil prices plummeted on Tuesday, amid this …
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Libya signaled that it will continue production and supply will increase after ending the blockade that lasted for months. Oil fell on …
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Energy | PetroleumNews
Stocks increased, demand weakened and oil closed second week with decline
by BUNKERISTby BUNKERISTOil prices changed little on Friday. Oil posted its second-week losses as stocks across the globe increased and fuel demand struggled to …
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Energy | PetroleumNews
High oil stocks and weak US stock market lower oil prices
by BUNKERISTby BUNKERISTOil prices fell further on Friday. Oil is on its way to a second-week downturn, after the US stock markets turned upside …
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Oil prices fell on Thursday after data showed that US crude inventories rose unexpectedly. As coronavirus cases continue to increase in many …
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Oil futures continued to decline on Wednesday after a sharp drop with the previous session, as COVID-19 cases in some countries undermined …
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Energy | PetroleumNews
Oil plummets after Saudis cut prices and Chinese imports slow
by BUNKERISTby BUNKERISTOil prices fell on Monday after Saudi Arabia’s deep monthly price cuts for Asian sales and demand uncertainty in China overshadowed the …
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Saudi Arabia made its deepest monthly price cut for supply to Asia in five months, and optimism about the recovery in demand …
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Oil prices fell more than 3% on Friday. Concerns of a slow economic recovery due to the COVID-19 pandemic has raised concerns …