Prices on both sides of the Atlantic are heading for their biggest weekly declines since June. Weak demand and abundant fuel supplies …
Energy | Petroleum
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Energy | PetroleumNews
Oil prices at their lowest in several weeks due to demand concerns
by BUNKERISTby BUNKERISTOil hovers at several week lows on Thursday amid concerns that the economic recovery from the COVID-19 pandemic is stagnating, and falling …
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After a higher-than-expected pull in US crude oil stocks, the optimism of the recovery of the epidemic, and strong factory activities in …
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Energy | PetroleumNews
Oil prices are down while trying to overcome demand uncertainty
by BUNKERISTby BUNKERISTOil prices fell on Monday. Brent fell from a five-month high, global demand remained below pre-COVID-19 levels and U.S. production soared. Brent …
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Hurricane Laura affected Louisiana and Texas, but causing no any widespread damage to the US oil industry. Prices dropped on Friday as …
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Energy | PetroleumNews
Oil prices dropped due to the possibility of a short hurricane effect
by BUNKERISTby BUNKERISTOil prices eased on Thursday as the market expected a rapid recovery for production platforms after hurricane Laura that hit the Gulf …
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Energy | PetroleumNews
Oil prices remain stable despite Hurricane Laura accelerates
by BUNKERISTby BUNKERISTOil prices remain stable on Thursday as the hurricane in the Gulf of Mexico affected the US oil industry, forcing oil rigs …
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US producers stopped most offshore production in the Gulf of Mexico before Hurricane Laura. Rising coronavirus cases in Asia and Europe continue …
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Energy | PetroleumNews
Oil prices are fluctuated by storm-induced production cuts and rising COVID-19 cases
by BUNKERISTby BUNKERISTCrude oil prices fluctuated on Tuesday while traders watched rising coronavirus cases in Asia and Europe and the production cuts that caused …
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Energy | PetroleumNews
Oil prices remain stable as Gulf of Mexico grapples with storms
by BUNKERISTby BUNKERISTCrude oil prices remained stable on Monday after the storms in the Gulf of Mexico, halting more than half of oil production …