Tag: Crude Oil
Gibson Weekly Tanker Report – Week 32, 2021
The past couple of years have been very turbulent in many international markets due to the global pandemic.
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Pandemic, Crude Rises Despite Stronger US dollar
Crude oil futures were higher during mid-morning trade in Asia Aug. 18 following the decline in US inventories, as per the American Petroleum Institute's...
Record Surge in Crude Oil Production
With new sources of crude oil and condensate coming online, coupled with a significant increase in allowed production under the latest OPEC+ deal, Russia...
Crude Oil Futures Steady To Marginally Higher Amid COVID
Crude oil futures were stable to slightly higher.
A resurgence in COVID-19 cases globally fueled by the delta variant has impacted the oil...
Asia Crude Oil, Key Market Indicators for Aug 10-13
Crude oil futures were lower during mid-morning trade in Asia Aug. 10 from the Asian close Aug. 6 as a rise in COVID-19 infection...
Oil Prices Draw Close In The Weekly Rebound
Brent crude ended the session up 31 cents, or 0.4%, at US$74.10 a barrel after jumping 2.2% on Thursday.
U.S. West Texas Intermediate...
Oil Prices Up $1.50/bbl As Demand Grows
Demand has seen outstripping supply in the second half of the year.
U.S. crude inventories rise but still falling at Cushing - EIA.
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Oil Falls On Supply Concerns
Brent falls for third week in a row
U.S. retail sales unexpectedly increased in June
OPEC expects world oil demand to increase next...
Fears of Tightening Supply After OPEC+ Cancels Meeting
crude oil futures rise on fears of tightening supply after OPEC+ cancels meeting
oil demand expected to rise as countries around the world...
[Watch] Massive Oil Tanker Escapes from Disaster, Traffic Halted
Maritime traffic halted in Bosphorus Strait after massive oil tanker narrowly averts disaster, reports Newsweek.
What happened?
Turkey's Directorate General of Coastal Safety (KEGM) suspended maritime...