The oil industry is trying to ally with farmers and biofuel producers against initiatives in electric vehicles. The effort to promote liquid …
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Oil prices rose slightly on Friday, but traded in a narrow range. Prices are rising due to voluntary cuts in Saudi Arabia’s …
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Energy | PetroleumNews
Oil falls due to the demand concerns and stronger dollar
by BUNKERISTby BUNKERISTOil fell in Asian morning trade on Thursday, despite the massive drop in US crude oil inventory. The increase in the US …
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Energy | PetroleumNews
Virus deaths increased, demand concerns continue, oil prices stable
by BUNKERISTby BUNKERISTOil prices changed little on Tuesday as rising coronavirus deaths raised concerns about the global demand outlook. News of the explosion in …
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Energy | PetroleumNews
Concerns about pace of recovery in demand lower the oil
by BUNKERISTby BUNKERISTOil prices plummeted Tuesday as the U.S.’s new economic recovery package was approved and hopes for an increase in new coronavirus cases …
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Energy | PetroleumNews
Oil prices plummet as concerns overshadow demand expectations
by BUNKERISTby BUNKERISTOil prices plummeted on Monday as renewed COVID-19 lockdowns raised new concerns about global fuel demand. Brent crude futures for March fell …
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Energy | PetroleumNews
Oil drops due to increased COVID-19 cases in China and high US oil stocks
by BUNKERISTby BUNKERISTOil prices dropped to a lower level on Friday. There are concerns that increasing US crude oil stocks and increasing restrictions in …
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Oil rose on Wednesday on expectations that the US President Joe Biden’s administration would increase fuel demand, implement policies to shrink crude …
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Oil prices soared on US stock exchanges before Joe Biden become US president on Tuesday. The optimism that global economic growth may …
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Energy | PetroleumNews
Strong dollar and coronavirus concerns lower the oil price
by BUNKERISTby BUNKERISTOil prices drop slightly on Monday, with a strengthening dollar. Fears of rising COVID-19 cases worldwide and the slow pace of vaccination …