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Oil Drops As Demand Recovery Stalls

Oil Drops As Demand Recovery Stalls

After rising at the start…

Why Oil Remains Stuck At $40

Why Oil Remains Stuck At $40

Oil prices posted gains once…

Energy / Oil Prices

Oil Prices Post Weekly Gain Despite Struggling Demand

Aug 07, 2020 at 16:08 | Tsvetana Paraskova

Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened…

Will Low Prices Save Long-Term Oil Demand?

Aug 06, 2020 at 14:59 | Tsvetana Paraskova

It has already become crystal clear to analysts and the oil industry that global oil demand will not recover to pre-pandemic levels next year.  Some forecasters…

Oil Needs Strong Demand Recovery To Break Out Above $40

Jul 31, 2020 at 09:06 | Tsvetana Paraskova

Oil prices are unlikely to go much higher than current levels if global oil demand recovery doesn’t pick up in a meaningful way in the second half of the year,…

Oil Market Contango Returns In A Sign Of New Glut

Jul 30, 2020 at 11:10 | Tsvetana Paraskova

Sluggish oil demand recovery with resurging coronavirus cases in many parts of the U.S. and the world and the return of previously withheld production from OPEC+ and North America have…

Why Oil Remains Stuck At $40

Jul 29, 2020 at 17:44 | Nick Cunningham

Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain. 

Oil Drops As Demand Recovery Stalls

Jul 27, 2020 at 10:13 | Tsvetana Paraskova

After rising at the start of the session, oil prices made a U-turn on Monday morning and slipped as rising coronavirus cases in many countries and stalling commercial flights recovery…

Russia’s Central Bank Against Copying Mexican Oil Hedge

Jul 24, 2020 at 12:42 | Tsvetana Paraskova

Russia’s central bank doesn’t think that copying the Mexican oil hedge is a good idea, the Governor of Bank of Russia, Elvira Nabiullina said at a news conference on Friday, commenting…

Oil Holds At 4-Month High Despite Jump In COVID-19 Cases

Jul 22, 2020 at 11:55 | Nick Cunningham

Oil prices jumped to a four-month high on Tuesday, rallying on hopes of economic stimulus. However, the uncontrolled spread of the coronavirus in the U.S. puts something…

Surge In Gold Prices Could Be Bad News For Oil

Jul 21, 2020 at 15:02 | Haley Zaremba

The world may soon return to an international gold standard thanks to a project that European central banks have been quietly preparing for decades. This month

Second Wave Of COVID-19 Won’t Crush Oil Prices

Jul 16, 2020 at 17:10 | Alex Kimani

OPEC+ agreed on Wednesday to ease its self-imposed production cuts starting next month as the global economy slowly awakens from its deep Covid-19…

The Most Desirable Crude Oil On The Market

Jul 10, 2020 at 16:53 | Haley Zaremba

China bought up so much oil during April and May’s oil price crash that now they don’t know what to do with it all. A huge volume of…

Oil Market Recovery Threatened By Weaker Fuel Demand

Jul 08, 2020 at 16:50 | Nick Cunningham

Gasoline demand appears to be weakening in some parts of the United States, as the coronavirus continues to spread. The states hardest hit by the

Top Energy Analyst Sees Oil Prices Soaring To $66 In 2021

Jul 07, 2020 at 08:58 | Tsvetana Paraskova

The recovery in oil demand and the less-than-feared demand destruction earlier this year will support oil prices next year when producers will be playing…

Saudi Arabia Hikes Oil Prices For The Third Consecutive Month

Jul 06, 2020 at 09:27 | Tsvetana Paraskova

Brent oil prices rose early on Monday after Saudi Arabia raised its oil price for a third consecutive month, signaling recovering demand. As of 9:26 a.m. EDT on Monday, Brent…

Second Covid Wave Could Send Oil Prices Into “Tailspin”

Jul 03, 2020 at 16:58 | Nick Cunningham

Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the coronavirus across the…

Oil Prices Fall As Demand Outlook Worsens In U.S.

Jul 03, 2020 at 11:59 | Tsvetana Paraskova

Oil prices fell early on Friday amid surging new coronavirus infections in the United States, which had market participants worried about the U.S. oil demand recovery trend. As of 9:20…

Goldman Sachs Expects Crude Prices To Rise In 2021

Jul 02, 2020 at 09:47 | Irina Slav

Goldman Sachs’ commodity analysts remain guarded about oil’s potential to rise over the near term, but in 2021, prices may start to improve, commodity chief Jeffrey Currie told Bloomberg’s Alix Steel.…

Citigroup: Oil Will Never Return To $100

Jul 02, 2020 at 09:00 | Irina Slav

Crude oil prices are unlikely to return to three-digit levels ever again, Citigroup commodity analysts said in a note, as quoted by Bloomberg. The idea of oil at $100 or higher,…

Aramco CEO Says The Worst Is Over For Oil

Jun 30, 2020 at 12:27 | Tsvetana Paraskova

The worst in the oil market is over, Amin Nasser, president and CEO of the world’s biggest oil company, Saudi Aramco, says, adding that he is “very optimistic” for the…

Chinese Oil Majors Could Form A Powerful Buyers Club

Jun 29, 2020 at 10:00 | Irina Slav

China’s state-owned oil companies—Sinopec, CNOOC, PetroChina, and Sinochem—are discussing an arrangement to buy crude oil together instead of individually, to avoid bidding wars and gain more bargaining power, unnamed sources…

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