Tag: Oil Price
Oil falls below $40 on doubts early OPEC+ meeting will go...
(Reuters) Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some...
Tankers queue off China’s coast as demand for oil rebounds
(AlJazeera) Queues of tankers have formed off China's busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping...
Hong Kong tensions unnerve world stock markets, oil tumbles
(Reuters) - Oil prices tumbled, and global equity markets wavered on Friday as China’s move to impose a new security law on Hong Kong...
Chinese oil demand has reportedly almost rebounded to pre-pandemic levels
Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries, Bloomberg reported...
Brent at one-month high, U.S. oil tops $30 as restrictions ease
(Reuters) - Oil prices climbed by more than $1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping...
Sharp oil price pullback unlikely as demand improves: Goldman
(Reuters) - The risk of a sharp pull-back in oil prices has decreased as the rebalancing of the crude market gathers pace, Goldman Sachs...
Struggling oil market finally stabilized but recovery will take up to...
Global oil demand remains at historic lows as inventory vastly outpaces storage, but JPMorgan analysts think the worst of the commodity-market carnage is over,...
Oil prices fall as rising U.S. inventories reassert supply concerns
Oil prices fell on Wednesday, ending a multi-day streak of gains, as investors focused on oversupply risks after U.S. crude inventories rose more than...
Oil demand is beginning a slow and fragile recovery worldwide
(Bloomberg) --Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this...
Global oil glut reducing but just 400 million barrels of storage...
The global imbalance between oil supply and demand, which has built to 26.4 million barrels per day (bpd) in April due to the Covid-19...