Oil producers around the world are sticking to their guns and keeping oil production capped even as oil prices continue to rise. Historically, the highly cyclical and predictable pattern of Continue Reading
The February freeze that triggered mass blackouts in Texas led to chemical plant shutdowns that are disrupting global supply chains, causing a shortage of the raw materials needed for everything from medical Continue Reading
Crude oil futures were rangebound during the mid-morning trade in Asia March 17, as a surprise draw in US crude inventories helped ease concerns over weak European demand and increased Continue Reading
Oil fell the most in a week as investors assessed the state of the demand recovery. (Bloomberg) — Oil fell the most in a week as investors assessed the state Continue Reading
Oil retreated for a third day to trade below $65 a barrel, hurt by weakness in the market’s near-term pricing structure and a firmer dollar. West Texas Intermediate fell 0.9%, Continue Reading
Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude stockpiles unexpectedly fell last week. Several European countries Continue Reading
Vitol Group reaped record profits of around $3 billion last year as the world’s largest independent oil trader surfed the dramatic moves in energy markets, according to people familiar with Continue Reading
Crude oil futures fell during the mid-morning trade in Asia March 16, as the market sentiment was knocked by a trifecta of rising COVID-19 cases, supply-side worries and strengthening dollar. Continue Reading
Oil retreated for a third day to trade below $65 a barrel, hurt by weakness in the market’s near-term pricing structure and a firmer dollar. West Texas Intermediate fell 0.9%, Continue Reading
Oil prices fell on Tuesday, extending declines for a third day, as concerns about rising stockpiles in the United States added to the threat to demand posed by countries including Continue Reading
