British Airways raised $750 million in secured loans through a credit facility arranged by Citibank and backed by 48 aircraft as collateral. The unit of IAG SA pledged 40 Airbus SE narrow-body jets and eight Boeing Co. wide-bodies as part Continue Reading
Oil extended declines after a industry report showed U.S. crude inventories swelled for the first time in three weeks. Futures fell 1.4% in New York, following Wednesday’s 4.5% decrease. The American Continue Reading
Crude oil futures traded lower in mid-morning trade in Asia Thursday as mixed supply-side signals from OPEC+ emerged. At 09:55 am Singapore time (0135 GMT), ICE Brent July crude futures Continue Reading
Crude futures fell Wednesday as the focus turned to a lack of consensus among OPEC+ members ahead of the group’s next meeting on June 8-10. Receive daily email alerts, subscriber Continue Reading
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build, of 8.731 million barrels for the week ending May 22. Analysts had predicted an inventory draw Continue Reading
Oil extended losses after an industry report showed a surprise jump in U.S. crude stockpiles last week. West Texas Intermediate crude futures fell as much as 3.2% after the close in Continue Reading
Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic Market euphoria continues to push financial markets Continue Reading
Two months ago, Russia said no to Saudi Arabia’s proposal for deeper oil production cuts. It was enough to start a price war that, coinciding with the Covid-19 pandemic, wiped Continue Reading
Concerted production cuts by OPEC+ and IOCs have largely been canceled out by a sharp fall in global oil demand from a record peak of >100 mbd to a recent Continue Reading
The COVID-19 pandemic will result in the biggest annual drop in energy investments on record—nearly US$400 billion, the International Energy Agency (IEA) said in its new World Energy Investment 2020 Continue Reading
