Oil edged lower as the resurgence of the coronavirus in the U.S. continued to dampen the prospects of a broader demand recovery. Futures in New York fell 1.3% toward $39 a Continue Reading
Oil rebounded from a weekly loss as better-than-estimated economic data countered fears that Covid-19’s resurgence will crimp fuel demand. Futures in New York and London closed higher after declining for two Continue Reading
From a super contango in April, the Brent Crude futures curve has flattened and flipped to backwardation for the nearest months, wiping out was is seen as one of the Continue Reading
When the first coronavirus cases in Chicago appeared in January, they bore the same genetic signatures as a germ that emerged in China weeks before. But as Egon Ozer, an infectious-disease specialist Continue Reading
The worst could be still to come in the Covid-19 pandemic, the World Health Organization (WHO) has warned, six months on from when the outbreak began. WHO head Tedros Adhanom Continue Reading
This week BP released its Statistical Review of World Energy 2020 . The Review covers energy data through 2019, and provides a comprehensive picture of supply and demand for major Continue Reading
The oil markets are not “out of the woods” just yet, OPEC’s Secretary General Mohammad Barkindo told a virtual panel organized by the Canada-UAE Business Council, cited by The National. Continue Reading
OPEC further restricted its oil production in June compared to May as it aims to withhold a record volume of supply from the market together with its non-OPEC allies led Continue Reading
Iran recorded its highest number of deaths from COVID-19 within a 24-hour period, official health ministry figures showed on Monday. The 162 deaths reported on Monday exceed the previous record Continue Reading
Russia is sending reinforcements to Libya to help military leader Khalifa Haftar, who is on the defensive after a failed effort to topple the country’s United Nations-backed government, as Moscow Continue Reading
