Friday, July 3, 2020

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Oil Regains Some Ground After 10% Drop While Demand Fears Linger

Oil Regains Some Ground After 10% Drop While Demand Fears Linger

(Bloomberg) -- Oil eked out a small gain after tumbling 10% on Tuesday as concerns over virus-driven demand destruction overshadowed a historic deal by the...
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Oil Rally Falters With Supply Fear Weighed Against Stimulus Hope

Oil Rally Falters With Supply Fear Weighed Against Stimulus Hope

(Bloomberg) -- Oil’s rebound from its biggest crash in a generation ran out of steam on skepticism the U.S. would be able to deliver sufficient...
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Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases

Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases

(Bloomberg) -- A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its...
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opec building

OPEC+ Undeterred by Middle East Tensions, Focused on Oil Cuts, Says Saudi

(Bloomberg) --Saudi Arabia’s Energy Minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels,...
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Oil Holds Biggest Weekly Drop Since July on Easing Gulf Tension

(Bloomberg) --Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back...
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Oil Set for Biggest Weekly Loss Since July as Middle East Risk Fades

(Bloomberg) --Oil headed for its largest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying...
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iraq oil

Oil Markets in Turmoil After Iran Attacks Reignite Supply Fears

(Bloomberg) --Oil prices jumped back above $70 a barrel after Iran attacked two U.S.-Iraqi bases in its first response to the killing of its...
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dme oman

DME Oman to Price Kuwaiti Crude Oil from February 2020

Dubai Mercantile Exchange (DME) announced that Kuwait Petroleum Corporation (KPC) will use the DME Oman Futures contract as a price reference for Kuwaiti crude...
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OPEC+ meeting: Oman oil minister Rumhi sceptical about oil outlook

His Excellency Mohammed bin Hamad al Rumhi, Oman’s Minister of Oil and Gas, today said that though no deeper oil output cuts were discussed...
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oil crude

Middle East Oil Grab Hits Fever Pitch as Supply Squeeze Persists

(Bloomberg) -- Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for...
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