Tag: oil
Fujairah oil product stocks hit near six-month low
(WAM / S & P Platts) -- Inventories of oil products at Fujairah on the UAE's East Coast have fallen to their lowest in...
OPEC daily basket price stood at $41.40 a barrel Wednesday
(WAM) -- The price of OPEC basket of thirteen crudes stood at US$41.40 a barrel on Wednesday, 23rd September 2020, compared with $41.32 the...
Oil Extends Slide Below $32 on Signs U.S. Stockpiles Swelled
(Bloomberg) -- Oil extended its drop to trade below $32 a barrel after a U.S. industry report signaled crude inventories swelled for the first time...
Oil Climbs Above $34 on Hopes Market May Balance in Coming Weeks
(Bloomberg) -- Oil rose above $34 a barrel following a prediction from Russia that the market may rebalance as early as next month after historic...
In Gloomy Oil Market, India Pump Prices Echo $100-Plus Crude
(Bloomberg) -- Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago,...
Global Oil Demand Starts a Long, Painful and Uncertain Recovery
(Bloomberg) -- Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this...
Rare Oil-Price Dislocation Gives Asia a Profitable Arbitrage
(Bloomberg) -- China’s head-start on the path to recovery in oil demand is giving traders a rare opportunity to profit as coronavirus lockdowns continue to...
Oil Is No Longer the Nemesis of Emerging Markets
(Bloomberg) -- Time was when an oil-price rout almost certainly meant a currency meltdown in emerging markets. Now, it’s failing to cause as much as...
Oil Retreats After Sharp Rally on Doubts Over Price-War Truce
(Bloomberg) -- Oil gave up some of last week’s rally after a delay to a planned meeting of top producers to discuss output curbs and...
Oil Plummets to 17-Year Low as Broken Market Drowns in Crude
(Bloomberg) -- Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and...
