Oil steady after IEA lowers demand forecast, US stocks fall

Oil steady after IEA lowers demand forecast, US stocks fall

Oil costs held largely regular on Thursday after the International Energy Agency lowered its 2020 oil demand forecast following unprecedented journey restrictions and knowledge exhibiting a decline in U.S. inventories … Read More

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi state oil group Aramco’s revenue plunged 73% within the second quarter of the yr, as a hunch in vitality demand and costs as a result of coronavirus disaster hit … Read More

Oil edges lower on oversupply concerns as OPEC+ set to raise output

Oil edges lower on oversupply concerns as OPEC+ set to raise output

Oil costs fell on Monday on considerations about oversupply as OPEC and its allies, collectively often called OPEC+, are attributable to pull again from manufacturing cuts in August whereas a … Read More

Oil edges down for second session as Covid-19 curbs fuel demand

Oil edges down for second session as Covid-19 curbs fuel demand

Oil costs misplaced extra floor on Thursday, with the market weighed down by a shock enhance in US crude oil reserves because the coronavirus pandemic hits gas consumption. US crude … Read More

Oil dips on surge in US Covid-19 infections

Oil dips on surge in US Covid-19 infections

Oil costs dropped on Monday on a report day by day rise in international coronavirus circumstances with massive spikes in infections over the weekend within the United States whereas merchants … Read More

Oil broadly stable despite rising Covid cases, regains earlier losses

Oil broadly stable despite rising Covid cases, regains earlier losses

Oil costs have been broadly secure on Wednesday, recouping earlier losses after rising US crude stockpile information and a rise in coronavirus infections within the United States forged doubts over … Read More

From fear in Wuhan to oil crash: Six months in emerging markets

From fear in Wuhan to oil crash: Six months in emerging markets

Emerging markets endured a tumultuous first half because the Covid-19 outbreak made the beginning of 2020 some of the unpredictable in a long time. As if the pandemic wasn’t sufficient, … Read More

Oil prices steady amid signs of demand coming back after coronavirus

Oil prices steady amid signs of demand coming back after coronavirus

Oil costs had been regular on Tuesday, holding onto the earlier session’s positive factors, amid extra indicators of gas demand selecting up after the depths of the coronavirus pandemic as … Read More

Oil steadies amid increase in coronavirus cases

Oil steadies amid increase in coronavirus cases

Oil costs had been regular on Monday, supported by tighter provides from main producers however held in test by issues over a file rise in coronavirus infections worldwide that would … Read More