Tag: oil market
Oil demand will continue to climb says analyst, sees 50-year window...
Following the devastating effects of the coronavirus pandemic on the oil industry, multiple stakeholders have posited that the sector would never see pre-2019 oil...
Crude oil futures rise, ICE Brent March contract settles above $57/b
(S&P Global Platts) Crude oil futures rose in mid-morning trade in Asia Jan. 13 on a larger-than-expected draw in US crude inventories and a...
Oil holds close to 11-month high, edges above $56
(Reuters) - Oil rose above $56 a barrel on Tuesday and stayed close to an 11-month high, as tighter supply and expectations of a...
Brent climbs above US$54 as crude hits 11-month high
(S&P Global) Crude oil futures settled at 11-month highs on Wednesday after a larger-than-expected US crude inventory draw tightened supply outlooks and prospects for...
Traders accelerate oil sales from floating storage
(Reuters) - Traders have accelerated crude oil sales from floating storage in December to meet higher demand in Asia as the region’s refineries throttled...
Oil prices touch multi-month highs
(Reuters) -Oil prices touched multi-month highs on Monday on expectations OPEC and allied producers may cap output at current levels in February and on...
Russian annual oil output falls for the first time since 2008
(Reuters) - Oil production in Russia declined last year for the first time since 2008 and reached its lowest level since 2011 following a...
Crude oil markets lost a fifth of their value in 2020...
(Reuters) - Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the...
Guyana delivered, global exploration picked up…then the pandemic struck
A Wood Mackenzie analysis from Andrew Latham, Kristina Beadle, and David Parkinson The global exploration industry was in a good place at the start of 2020, having recovered...
This year was like no other for oil prices
(Reuters) Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility....