Energy prices settled higher Oct. 20 amid signs of progress on a US coronavirus stimulus bill, but demand outlooks remained under pressure amid renewed social restrictions in Europe. NYMEX November Continue Reading
Oil bulls predict demand for oil will snap back quickly as global economic conditions improve. The International Energy Agency (IEA), on the other hand, expects a more muted recovery. Not Continue Reading
Crude oil futures fell during mid-morning Asian trade Oct. 20, extending overnight losses, as concerns over the easing of OPEC+ production cuts continued to weigh on markets reeling from a Continue Reading
Oil steadied near $41 a barrel in New York with OPEC+ warning of a precarious outlook for the market as a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Continue Reading
Oil was steady before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus. (Bloomberg) — Oil was steady Continue Reading
Oil edged lower on Monday, weighed by concerns over surging coronavirus cases globally and by Libya’s plan to boost output, but hopes for a U.S. fiscal package lent some support. Continue Reading
Oil prices are not expected to rise much next year, and will stay in the $40-50 a barrel range, putting additional pressure on the oil exporters in the Middle East, Continue Reading
Crude futures were rangebound during mid-morning trade in Asia Oct. 19, as fundamentals in the oil markets were stable. At 10.20 am Singapore time (0220 GMT), ICE Brent December crude Continue Reading
Oil prices fell on Monday after China’s third-quarter economic growth rose came in weaker than expected, underscoring concerns that surging coronavirus cases globally are impacting the demand in the world’s Continue Reading
Oil was steady near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a Continue Reading
