England topped Europe’s grim league table for highest levels of excess deaths during the coronavirus pandemic, according to a new analysis published Thursday by Britain’s Office for National Statistics. The analysis Continue Reading
Crude oil futures were largely steady in mid-morning trade in Asia July 30, as a sharp uptick in global coronavirus cases overrode a deep decline in US inventory stocks. Receive Continue Reading
Oil held gains in Asia following the biggest drop in American crude stockpiles this year and as the Federal Reserve reaffirmed that it would do whatever it takes to shore Continue Reading
U.S. crude oil inventories shed an impressive 10.6 million barrels in the week to July 24, the Energy Information Administration reported today. This compares with a build of 4.9 million Continue Reading
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain. The EIA reported Continue Reading
A new four-month oil supply glut should result from the partial return in August of curtailed OPEC+ production, Rystad Energy predicts. A new four-month oil supply glut of approximately 170 Continue Reading
The Arctic summer of 2020 is one that has been marked by raging fires in the Far North, with smoke extending more than 1,000 miles downwind, along with alarming new Continue Reading
The novel coronavirus pandemic has wreaked an historic havoc on global markets, and left economies around the world floundering. The tragedies that have come along with COVID-19 are innumerable, from Continue Reading
Saudi Arabia booked a deficit of $29 billion for the second quarter of the year because of the continued slump in oil prices and oil demand, which affected revenues. Reuters Continue Reading
Saudi Arabia may have little choice but to reduce the price of its oil as OPEC and allied producers start to ease output curbs amid weakening demand that’s crashed the Continue Reading
