Oil, Crude, trading
Read More »Oil Futures Close Monday with Marginal Gains
Oil prices registered marginal gains on Monday, opening the week with a positive performance following last week’s sharp losses, which were the worst in about five months. Expectations for economic recovery provided support to crude prices, but concerns about demand recovery and reintroducing lockdown measures in Europe had a negative …
Read More »The CEO of Saudi Aramco Expects a Strong Rise in Oil Demand in The Future
Amin Al-Nasser, CEO of Saudi Aramco, said today, Monday, that the giant national company is optimistic about the oil market and expects a strong recovery in demand. “We are very optimistic about future oil demand,” he said. He added that Aramco was undertaking engineering work to increase production capacity to …
Read More »Oil Falls as Recovery Hopes Dwindle Due to Isolation Measures in Europe
Oil prices fell again, with renewed fears that general isolation measures in Europe could slow an expected recovery in demand for fuel products. Brent fell 34 cents, equivalent to 0.5%, to $64.19 a barrel In Asian trading, US crude lost 21 cents, equivalent to 0.3%, to $61.21 a barrel. The …
Read More »Crude Oil Trying to Recover
Oil, Crude, trading
Read More »Oil Futures Settle Higher to Narrow Weekly Losses
Oil prices rose on Friday, supported by concerns about geopolitical risks in the Middle East impacting crude supplies, but could not recover its weekly losses, which are mostly due to worries about the recovery of the global demand. A resurgence in coronavirus cases in Europe, which resulted in another four-week …
Read More »U.S. Oil Rigs See Largest Increase since January
The number of active rigs drilling for crude oil and natural gas in the United States increased by nine rigs to 411 this week, weekly data by Baker Hughes showed on Friday. The increase in the rig count was entirely attributed to the increase in oil rigs to 318, while …
Read More »Oil Prices Rise on Demand Concerns, Vaccination Slowing Down
Oil prices increased by more than a dollar during the European session, after a major sell-off witnessed in the previous session, as a new wave of Coronavirus cases across Europe triggered general isolation measures and dampened hopes for an imminent oil demand recovery. Brent crude rose $ 1.01, or 1.6%, …
Read More »Oil Suffers Huge Losses And Negativity Persists
Oil, Crude, trading
Read More »European shares Drop on Lockdown Fears And Oil Decline
European stocks fell today, erasing a large part of its weekly gains, after France imposed new general isolation measures to curb the spread of the Corona virus, in light of indications of slowing vaccination in some countries. The pan-European STOXX 600 index fell 0.6%, tracing a negative session on Wall …
Read More »