Tag: oil prices
Oil Prices Soar Amid OPEC Delays & COVID19 Vaccine Hopes
Pfizer and Moderna say their COVID-19 vaccine is 95% effective.
Saudi Arabia urges OPEC+ to be flexible on output.
U.S. crude stocks rise...
US Crude Inventory Rises As Oil Prices Touch $42
Oil edged up to around $42 a barrel on Wednesday supported by rising investor risk appetite and a report that U.S. fuel inventories fell,...
Global Stimulus Measures Support Oil Prices Amid COVID-19
Global stimulus measures underpin prices even as demand struggles post-COVID-19.
Brent crude futures for November were unchanged at $45.81 per barrel.
U.S. West...
Oil Prices Bounces Back As China Hints At Buying US Crude
Oil prices are on a rise after China hints to ship in large volumes of US crude in next two months.
This seems...
Oil Price Fiasco Revives Divestment in Fossil Fuel Campaigns
The global economic shutdown has pushed oil prices to record lows.
Climate activists are pushing government and financial institutions to divest from the...
Steady Oil Prices in the U.S. Notch Monthly Gains
Last week, the oil prices rose on Friday and were on track for monthly gains, benefiting from news that U.S. oil output cuts...
COVID-19 Pushing Crude Oil Demand Towards The End
COVID-19 may have triggered the long-anticipated tipping point in oil demand.
The pandemic drove down daily crude consumption by as much as a...
Oil Prices Rise Over Economic Revival Amidst COVID19 Second Wave Fear
According to a Reuters report, oil prices rose about $1 a barrel on Monday, after bullish data from Asia and Europe, but investors are...
Rush for Cheap Crude Overwhelms Ports With Cargo Influx
The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack...
Prolonged Unsustainable Oil Prices To Cause Supply Gap
Current low oil and gas prices are unsustainable and if they last longer, it could lead to energy shocks.
If low oil prices...