Oil fell for a third day after data showed a rise in U.S. stockpiles and investors fretted over an uneven recovery in global demand, with India reporting a record one-day Continue Reading
Oil fell for a third day after data showed a rise in U.S. stockpiles and investors fretted over an uneven recovery in global demand, with India reporting a record one-day Continue Reading
Oil fell for a second day with an increase in USA crude inventories compounding concerns. (Bloomberg) — Oil fell for a second day with an increase in U.S. crude inventories Continue Reading
The American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 436,000 barrels for the week ending April 16. Analysts had predicted a draw of 2.860 Continue Reading
Oil fell amid concern that a resurgent virus will hurt demand in some economies, while industry data showed a slight build in U.S. inventories. West Texas Intermediate retreated 1.1%, extending Tuesday’s Continue Reading
Oil slumped the most in two weeks alongside a broader market rout as a resurgent virus in some of the world’s top oil importers highlighted the uneven road to recovery. Continue Reading
The global oil demand recovery and a lot of spare capacity that OPEC+ has yet to bring back to the market suggest it is reasonable to expect that oil prices Continue Reading
What a difference a year makes! It might sound like a cliché, but the oil market that was turned on its head last April by a confluence of unexpected Black Continue Reading
Rystad Energy has revealed that its latest forecast projects a six percent year on year increase in oil demand in 2021. Rystad Energy has revealed that its latest forecast projects Continue Reading
Crude oil futures were higher during the mid-morning trade in Asia April 20 as the market received some tailwind from a weakening dollar, even as pandemic concerns continued to limit Continue Reading
