Oil prices fell by 1% on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, […]
Tag: inventories
Oil Slips Further Below $59 amid Worries over Demand Outlook
Oil prices fell further below $ 59 a barrel on Wednesday, under pressure from continuing concerns about the global demand […]
Oil exports increase, but not enough to drain reserves
According to internal data from Refinitive Eikon and PDVSA, Venezuelan oil exports were down in September from last month, but […]
Oil prices fall, China’s economic outlook weak
The official Purchasing Managers Index rose to 49.8 in September, slightly better than expected and advanced from 49.5 in August. […]
Best price quotes to evaluate among the positive of the trade
U.S. President Donald Trump told reporters overnight that a trade deal with China could happen “faster than you think”, raising […]
Crude drop below $ 56, losses widen
WTI crude futures fell to $ 55.82 from 9:41 AM ET, down $ 1.45, while 33 8833 | Brent} was […]
Oil prices climb amid fears of supply risk
The attacks destroyed about half of Saudi crude production and severely limited the country’s reserve capacity, a boon to oil […]
A real standoff from Saudi Arabia’s oil disruption
“Many barrels arriving in October were already over water, so the hole would appear in late October,” said a senior […]
The oil market seized with uncertainty over lost Saudi production
The attacks, which damaged one of the Saudi flag fields and a key processing complex, triggered one of the wildest […]
OPEC cuts oil demand forecast for 2020
On Wednesday, Opec downgraded its forecasts of rising world demand for oil in 2020 due to economic slowdown, a group […]
