Traders stored an estimated 160 million barrels of oil on board due to the situation caused by the collapse of demand caused …
Energy | Petroleum
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Oil prices changed little on Thursday, when OPEC lowered its global demand forecast for 2020 after some Europen countries saying they would …
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Oil rose further on Thursday, following sharp losses from the previous session. With official data showing that US stocks broke the most …
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Energy | PetroleumNews
Petroleum reserves purchasing expectation encourages
by BUNKERISTby BUNKERISTOil prices, backed by investors’ enthusiasm on having a satisfactory deal and the hopes that countries would full up their committed strategic …
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Oil prices rose more than 1%, after estimates that shale oil production in the world’s largest crude producer will fall record in …
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Oil prices rose on Monday after major producers accepted the largest production cuts ever. However, gains were limited due to concerns that …
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Energy | PetroleumNews
Tensions flare with Mexico as it may cut only a quarter of what is claimed
by BUNKERISTby BUNKERISTTop oil countries struggled to conclude record cuts in G20 talks Friday to boost prices hit by the coronavirus crisis, due to …
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OPEC, Russia and other allies have set plans to cut oil production by more than a fifth on Thursday and mentioned they …
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Oil prices fell to their lowest level in the last eighteen years in March as governments call people to stay home due …
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Petrol recovered after a two-day drop on Wednesday, hoping that a video conference meeting between Russia and OPEC members and allied producers …