Tag: oil prices
Is Omicron Causing Weekly Loss For Crude?
With omicron fears waxing and waning within the investment community since the strain was detected in South Africa.
It came as no surprise...
Omicron Spread Surges, Crude Retreats
Global infections surge amid omicron spread.
Prompt Brent structure weakest since March.
Forward demand outlooks remain intact.
A recent news article published in the...
Bunker Surcharges Hike Puts Pressure On Shippers
Huge hikes in FAK rates over the past 18 months follows, as oil prices surge.
Shippers now face significant increases in bunker surcharges...
Oil Prices Hits Record Low
New variant may worsen oil outlook before OPEC+ Dec 2 meet
OPEC panel sees surplus growing in first quarter
Oil prices plunged $10 a...
Oil Prices Plunge Amid Renewed COVID Fears
While Covid maintains its retreat globally, regional waves are enough to inspire bearish sentiment among crude traders, and that was the case on Friday...
What is the Brent Prices for the Remainder of 2021?
Crude oil futures were higher in midmorning trade in Asia Nov. 10, on track for a fourth straight day of gains.
As a...
OPEC+ Not Shifting To Help With Oil Prices, Says Biden
Administration is weighing use of Strategic Petroleum Reserve
Biden to talk ‘at appropriate time’ about the remedies
President Joe Biden acknowledged that OPEC+ countries...
BP Makes Record Profit with Higher Oil and Gas Prices
Energy major BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.
Underlying replacement...
Soaring Oil Prices Despite China’s Fuel Reserve Release
Oil prices settled higher on Monday as expectations of strong demand and a belief that a key producer group will not turn on the...
VLSFO Cracks Gain, HSFO Cash Premiums Slip
Asia's 0.5% very low-sulphur fuel oil (VLSFO) crack extended gains on Thursday, recovering from a more than four-month low earlier in the week, as...