Oil rose above $34 a barrel, following a prediction from Russia that the market may rebalance as early as next month due to historic output cuts from global producers. Russia, a Continue Reading
Crude oil futures edged higher in mid-morning trade in Asia Tuesday amid signs of an easing supply glut, but lingering US-China geopolitical uncertainties over the virus outbreak capped gains. Receive Continue Reading
Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence Continue Reading
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic. Futures in New York gained as much as 2.3% Continue Reading
Global stocks rose Tuesday on optimism about economies reopening and the potential development of a coronavirus vaccine. Futures linked to the S&P 500 advanced 1.8%, suggesting U.S. stocks could gain Continue Reading
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines , and other heavy consumers of energy commodities to protect themselves against market fluctuations. During times Continue Reading
Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence of Continue Reading
The world hasn’t seen peak oil demand yet, the head of the International Energy Agency (IEA) told Bloomberg News on Monday, expecting that sooner or later, oil consumption would return Continue Reading
Iran plans to stop exporting gas condensates and instead refine the volumes domestically to produce gasoline and naphtha, oil minister Bijan Zanganeh said Monday. Receive daily email alerts, subscriber notes Continue Reading
India’s fuel demand, which had crashed by 60 percent during the early days of its two-month lockdown, is set to reach pre-coronavirus levels in June, Indian Oil Minister Dharmendra Pradhan Continue Reading
