Crude Oil
Crude Oil
Oil Rally Stalls on Signs of More Supply, Demand Doubts
Oil slipped from seven-month highs on Nov. 26 as signs of growing supplies helped to halt a rally driven by optimism that COVID-19 vaccines will revive fuel demand.
Crude Oil
OPEC+ Leaning towards Oil Cut Extension, Despite Rally
OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said.
Petrochemicals , Crude Oil , Trade , International
What’s Affecting Oil Prices This Week? (Nov. 23, 2020)
The world witnessed the long-waited announcements related to successful trial results of several vaccines, which are the preliminary requisite for quick regulatory approvals that will then translate into mass production and distribution.
Crude Oil
Oil Prices Rise on COVID-19 Vaccine News
Traders also expect OPEC+ to extend it deal to control production.
Crude Oil , Policy & Regulations , Shale Plays , Technology
Roundtable: Vaccine, Digitalization and Energy Transition to Drive Oil Markets in 2021
Analysts from the U.S., Europe and the Middle East joined Hart Energy to discuss the 2021 oil and gas market outlook.
Crude Oil , Midstream
China’s Oil Buying Binge to Continue in 2021
Tank operators and refiners are expected to keep stocking up.
Crude Oil
Equinor Sees Oil Demand Peaking Two to Three Years Sooner Due to Virus
Oil firm Equinor expects global oil demand to peak by around 2027-2028, two-three years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Nov. 17.
Petrochemicals , Crude Oil , Trade , International
What’s Affecting Oil Prices This Week? (Nov. 16, 2020)
There are three additional variables which oil markets are not used to deal with in the fourth quarter: the current infections uptick in Europe, the U.S. presidential transition and announcements about new vaccines, all of them adding bearish or bullish pressure to prices over the next few months.
Crude Oil , International
Oil Jumps 4% on Latest COVID-19 Vaccine Progress
WTI nears $42/bbl on news that two vaccines are in the pipeline.
Crude Oil , Trade , International
Iran Says Exports Hit 700,000 Barrels Per Day of Oil, Later Denies
An Iranian official said on Nov. 11 that Tehran exported up to 700,000 bbl/d of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret.