Oil prices rose more than 2% on Friday after the increase in 2020 demand forecasts, although new coronavirus incidents in the US…
Category:
Energy | Petroleum
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Energy | PetroleumNews
Oil price drops, due to increased virus cases and oversupply
by BUNKERISTby BUNKERISTOil prices dropped on Friday as inventories rose. Oil fell to weekly declines as record-breaking new coronavirus incidents in the United States…
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Energy | PetroleumNews
Oil remains steady as the coronavirus balances increasing gasoline demand
by BUNKERISTby BUNKERISTDespite concerns about renewed coronavirus lockdowns in the United States, signs of improvement in gasoline demand keep oil price in balance. The…
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Energy | PetroleumNews
Economic data overshadow coronavirus concerns, oil steady
by BUNKERISTby BUNKERISTThe new volatility and demand concerns in coronavirus cases changed the oil prices very little on Tuesday. Brent crude LCOc1 futures settled…
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Energy | PetroleumNews
Increase in coronavirus cases reduces oil demand and prices
by BUNKERISTby BUNKERISTOil prices dropped on Tuesday amid concerns that the increase in coronavirus incidents in the US, the world’s largest oil consumer, would…
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Energy | PetroleumNews
Oil prices are unstable, with an increase in the number of coronavirus cases and a drop in US demand
by BUNKERISTby BUNKERISTOil prices presented a mixed market outlook on Monday, Brent crude oil was supported by limited supplies, US WTI futures fell worried…
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Energy | PetroleumNews
Oil drops below $ 43, there is still hope for weekly earnings
by BUNKERISTby BUNKERISTOil fell below $ 43 on Friday, as coronavirus cases raised concerns that may lower fuel demand, but crude oil still moves…
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Energy | PetroleumNews
Marine fuel market becomes tougher as supply increases
by BUNKERISTby BUNKERISTGlobal supply of fuel used by ships and power plants is expected to grow in the third quarter, while shipping demand to…
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Energy | PetroleumNews
Crude oil and petroleum products stored in floating warehouses at sea play expected role
by BUNKERISTby BUNKERISTAccording to shipping sources, tens of millions of barrels of crude oil and petroleum products stored on tankers at sea due to…
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Energy | PetroleumNews
Rising coronavirus incidents and Libyan oil supply prospects lower oil price
by BUNKERISTby BUNKERISTInvestors are worried about, the rising COVID-19 incidents may hurt demand and Libyan oil production’s revival which has been slowing down since…
