Early gains due to strong economic news in China and the continuing supply constraints of major oil producers have retreated partially. Crude …
News
-
-
Energy | PetroleumNews
Brent rises to $ 70 as China energy demand outlook gets clear
by BUNKERISTby BUNKERISTOil prices rose on Monday. Brent rose to $ 70 a barrel in accordance with the economic recovery in China and the …
-
Energy | PetroleumNews
Oil approaches $ 70 in anticipation of increased demand
by BUNKERISTby BUNKERISTOil approached $ 70 a barrel on Friday, backed by the optimism of major oil producers’ disciplined production cuts and a recovery …
-
Energy | PetroleumNews
Brent crude is softening but demand stays near $ 70 with optimism
by BUNKERISTby BUNKERISTBrent crude oil prices declined on Friday, but hover around $ 70 a barrel due to the supply constraints from major oil …
-
Energy | PetroleumNews
Oil rises with a decline in stocks and recovery in economic Outlook
by BUNKERISTby BUNKERISTThe cold in Texas last month limited the increase in crude oil stocks. Crude oil prices soared on Thursday as vaccine practices …
-
Investors are looking for signs of where prices will go next, waiting for US oil stocks data to be released later in …
-
The US Senate’s approval of the $ 1.9 trillion incentive bill and a possible decline in crude oil inventories in the United …
-
Energy | PetroleumNews
Brent surpasses $ 70 for the first time in a long time
by BUNKERISTby BUNKERISTBrent crude futures climbed above $ 70 a barrel on Monday for the first time since the start of the COVID-19 pandemic. …
-
Energy | PetroleumNews
Oil fluctuates with OPEC + cuts, strong U.S. employment data and money
by BUNKERISTby BUNKERISTAfter OPEC and its allies decided not to increase supply in April, oil prices rose nearly 3% on Friday coupled with a …
-
Energy | PetroleumNews
OPEC + expands oil production cuts, Saudis continue voluntary cuts
by BUNKERISTby BUNKERISTAfter OPEC and its allies decided that the recovery in demand was still fragile despite the recent oil price rally, they agreed …