Category: Prices

Oil prices have hit a 5-month low as COVID cases climb, new lockdowns are put in place and reports emerge that OPEC may not maintain its production cut in 2021. Continue Reading

Oil prices fell on Friday and posted a second consecutive monthly drop as rising COVID-19 cases in Europe and the United States heightened concerns over the outlook for fuel consumption. Continue Reading

Oil prices will continue to trade in a narrow range for the rest of the year, and the average Brent price next year will not exceed $50 a barrel, the Continue Reading

Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the U.S. and Europe will keep people hunkered down, crimping demand for auto and Continue Reading

 Global oil prices fell more than 1% on Friday, extending losses and on track for a second monthly fall, on growing concerns that the rise in COVID-19 cases in Europe Continue Reading

Oil futures fell to multi-month lows as record growth in coronavirus cases in the U.S. and Europe raised the specter of more demand destruction from tighter lockdown measures. Futures in Continue Reading

Since the very beginning of the novel coronavirus pandemic, it was clear that coronavirus would have a severe and lasting impact on the energy industry. At first, as the worldwide Continue Reading

Crude oil futures were fairly stable late morning in Asia Oct. 29 as traders took advantage of an overnight plunge in prices, following a large build in US crude inventories, Continue Reading

Oil held near a four-week low after a surge in European virus cases and a bigger-than-expected jump in American crude stockpiles pushed prices down by the most in almost two Continue Reading

Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments’ renewed restrictions to curb the second wave of coronavirus infections and signs of a growing Continue Reading