Russia recorded 5,642 new coronavirus cases in the last 24 hours, bringing its nationwide tally to 52,763, the Russian coronavirus crisis response center said on Tuesday. Fifty-one people with the Continue Reading
The world’s biggest independent oil storage company said that space for traders to store crude and refined fuels has all but run out as a result of the fast-expanding glut Continue Reading
The increasingly close relationship on multiple levels between Russia and China became obvious to anyone with an interest in such matters last July when the two countries staged their first Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Monday as oversupply concerns and doubts of demand recovery take center stage again. At 10:15 am Singapore time (0215 GMT), Continue Reading
US oil prices tumbled to their lowest level in more than two decades as the global demand hit from the coronavirus pandemic raised concerns the world is becoming awash with Continue Reading
U.S. oil prices fell to their lowest level in over 20 years on Monday, according to a comparison by the Financial Times, amid a global decline in demand because of the Continue Reading
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades. U.S. benchmark, West Continue Reading
Oil prices fell on Monday, depressed by concerns U.S. storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies prepare to report their worst Continue Reading
Oil in New York is heading for an extra dose of unpredictability over the next two days as the current contract nears expiration, adding extra volatility to a market that’s Continue Reading
This week began with a bang for the oil markets. On Sunday the members of OPEC+ struck a historic deal to slash production by a whopping 9.7 million barrels in Continue Reading
