US coronavirus cases have increased this week, and the second wave probability for the COVID-19 outbreak has increased in the world’s largest …
Energy | Petroleum
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Energy | PetroleumNews
Oil prices are high despite high US inventory and demand concerns
by BUNKERISTby BUNKERISTAlthough US crude oil stocks have risen to a record high and revive a permanent anxiety due to weak demand, oil rebounded …
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With an increase in crude stocks in the US, oil fell below $ 41 on Wednesday, with more than 1% drop and …
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Energy | PetroleumNews
Oil rises as production cuts balance demand concerns
by BUNKERISTby BUNKERISTOil prices are rising due to optimism regarding the latest commitments of major oil producers to cut production. However, there is concern …
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Energy | PetroleumNews
Oil prices rise with recovery in rising fuel demand as crashes ease
by BUNKERISTby BUNKERISTHope for a rapid recovery in fuel demand and as coronavirus deadlocks were eased, oil prices rose on Tuesday, however, gains are …
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Energy | PetroleumNews
Oil prices rise with OPEC + cuts and record Chinese imports
by BUNKERISTby BUNKERISTOil rose on Monday after major producers reached an agreement on record production cuts in July, and China’s crude oil imports reached …
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Energy | PetroleumNews
OPEC and Russia extend record oil cuts to end of July
by BUNKERISTby BUNKERISTOPEC decided to extend record oil production cuts by the end of July, after Russia and its allies pulled almost 10% of …
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Energy | PetroleumNews
Oil rises 5% amid lower US unemployment rate and OPEC + meeting hopes
by BUNKERISTby BUNKERISTOil prices rose on Friday following the unexpected drop in the US unemployment rate recorded in May and OPEC’s expectation of whether …
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Energy | PetroleumNews
Oil rises as traders wait for OPEC + meeting to extend supply cuts
by BUNKERISTby BUNKERISTOil rose on Friday while investors are waiting for clues from this weekend meeting, where major oil producers will discuss whether to …
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Energy | PetroleumNews
Oil falls due to production cuts and US stock inventory
by BUNKERISTby BUNKERISTOil prices fell on Thursday with doubts about the concerns with major crude oil producing countries’ ability to agree to extend the …