Oil slipped near $40 a barrel in New York, with Vitol Group seeing uncertain global demand and Libyan production surging after a blockade on energy facilities was partially lifted. Prices have little Continue Reading
Crude prices will have little room to rise in the next quarter because the recovery in global demand is slowing due to new coronavirus-related restrictions on the economy, according to Vitol Continue Reading
Oil fell this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdown measures and further stifle crude demand. New York futures edged lower Friday and Continue Reading
With oil prices having rebounded above $40 last week on the back of inventory draws and hurricane outages, bearish sentiment returned to markets this week due to a second wave Continue Reading
U.S. West Texas Intermediate crude oil futures are set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, Continue Reading
Crude prices were holding lower in midday US trading Sept. 25 as the market eyed rising COVID-19 cases in Europe as well as fresh hopes for more US stimulus spending. Continue Reading
The highly volatile U.S. natural gas benchmark prices are set to trend higher in the coming months amid lower domestic production, higher demand in the winter, and recovering global gas Continue Reading
At least nine cargoes may have been lost to the global market during the month that Sempra Energy’s Cameron LNG has been offline, S&P Global Platts Analytics data show. The Continue Reading
Crude oil futures ticked higher during mid-morning trade in Asia Sept. 25 amid hopes that the US Congress will resume discussions over a new stimulus deal. At 11.07 am Singapore Continue Reading
Oil gained as optimism that Congress may resume talks over another round of economic stimulus provided a glimmer of hope for an otherwise dreary demand outlook. Futures in New York advanced 1% Continue Reading
