After a crazy week of Saudi oil spread around the world, crude oil prices dropped, crude freight rates increased. Then we entered …
Category:
Energy | Petroleum
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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 …
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Energy | PetroleumNews
Tanker rates increased while Saudis triggering oil price war
by BUNKERISTby BUNKERISTSaudi Arabia was not bluffing when it said it would focus on its crude oil market share. Extremely high rates of new …
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Brent crude fell by 7% on Thursday, as World Health Organization identified the coronavirus as an outbreak and accordingly Trump’s ban of …
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Oil price fell on Thursday after the U.S. announced the World Health Organization’s decision to announce an outbreak of coronavirus and accordingly …
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Energy | PetroleumNews
Oil price rises with the hopes as US to cut crude oil outputs
by BUNKERISTby BUNKERISTOil prices rose on the second day today in accordance with the hopes that US producers would cut production. However, the gains …
