Brent crude fell below $ 20 a barrel and US crude fell 25%. Fuel demand has decreased by 30% worldwide. Storage is …
Energy | Petroleum
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Oil prices dropped on Monday, and oil storage areas around the world are rapidly filling. Concerns have been raised that production cuts …
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Oil prices rose on Friday and ended a week with a loss that WTI faced minus forty. Prices have been on tremendously …
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Energy | PetroleumNews
Oil falls on Friday within a historical turmoil week
by BUNKERISTby BUNKERISTOil prices dropped on Friday and turned to third weekly losses as production restrictions could not yet keep pace with the declining …
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Energy | PetroleumNews
Oil rally as OPEC countries accelerate production cuts
by BUNKERISTby BUNKERISTOil rose on Thursday, and oil-producing countries increased the recovery rate after they said they would speed up planned cuts to tackle …
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Energy | PetroleumNews
China’s fuel demand expected to increase in the second quarter of the year
by BUNKERISTby BUNKERISTIt is estimated that the biggest economy of the world will recover in the second quarter with the coronavirus epidemic being taken …
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Energy | PetroleumNews
Brent crude rose after hitting the lowest level of this century
by BUNKERISTby BUNKERISTBrent crude rose on Wednesday after falling below $ 16 to the lowest level since 1999. OPEC + adopted new oil production …
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Energy | PetroleumNews
Petroleum traders seek to create alternative storage facilities
by BUNKERISTby BUNKERISTOil traders are in difficulty to find enough vessels, wagons, caves and pipelines to store fuel while storage facilities are overflowing due …
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With the collapse in US crude oil prices, a reliable commodity has turned less than worthless. Alarm bells are ringing for global …
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Energy | PetroleumNews
WTI crude oil futures turned to positive after falling, Brent falls
by BUNKERISTby BUNKERISTThe US economy is recovering slower than expected. US oil prices returned to the positive zone on Tuesday after falling below $ …