Travel and industry activity around the world has narrowed to prevent the spread of the coronavirus. Oil prices continued to decline. Brent …
Energy | Petroleum
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During the week, the crazy actions at the end of each day shook the oil market. The oil market had a roller …
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Energy | PetroleumNews
Intervene expectation increases oil price more than 2 dollars
by BUNKERISTby BUNKERISTOil prices rose more than $ 2 on Friday right after US President Donald Trump implied that he might intervene in the …
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Energy | PetroleumNews
Discourse to intervene in Saudi-Russian price war may support oil prices
by BUNKERISTby BUNKERISTAfter the idea of intervening in the oil market by increasing the strategic reserves of the USA, a surprising recovery was observed …
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Energy | PetroleumNews
Despite oil tanker rates drop, storage demand remains stable
by BUNKERISTby BUNKERISTAfter a crazy week of Saudi oil spread around the world, crude oil prices dropped, crude freight rates increased. Then we entered …
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Energy | PetroleumNews
Global storage capacity can be completed in months in case the petroleum industry increases the abundance
by BUNKERISTby BUNKERISTWhile the coronavirus has eliminated demand, the oil market is heading for a record surplus in April, due to production appetites that …
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While Saudi Arabia and Russia continue to fight for market share, crude oil prices fell below $ 30 a barrel on Tuesday …
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Oil surged more than $ 1 on Tuesday as a result of bargaining opportunities following recent sharp declines due to the coronavirus …
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Energy | PetroleumNews
Oil drops again due to ongoing low demand and price war
by BUNKERISTby BUNKERISTOil losses increased on Monday, while price war continues among top producers. Meanwhile global financial markets are in panic due to the …
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Energy | PetroleumNews
Oil prices announce the biggest weekly loss since 2008 global financial crisis
by BUNKERISTby BUNKERISTA rare combination of severe shocks on both supply and demand pushed producers into an unexpected oil abundance and caused the crude …