Oil Ticks As OPEC Tells Members To Stick To Quotas
On September 18, 2020, oil prices rose for a fourth consecutive day. The surge put crude on track for a weekly gain of around 10%; after Saudi Arabia pressed allies ...
Tag: crude oil
Where Will Future Demand For Oil Come From?
It has been 60 years since the OPEC was formed. Over the years, oil prices have been rising and falling to suit various market conditions. However, 2020 has been a ...
Traders Expect Volatility To Take Gold To $5,000 And Oil To $65
2020 has mainly been affected by the coronavirus pandemic that has shattered every sector of the global economy. But, the year of the pandemic has put two commodities under the ...
Oil And Gold Volatility Presents More Opportunities Than Risks
Most of the major movers in commodities in 2020, including precious metals like gold and oil, are expected to continue taking the spotlight until the close of this year. Traders ...
Oil Prices Fall In The Wake Of Saudi Arabia’s Ominous Signal
The oil market is once again plunging as demand fears ripple through space. On September 8, US oil prices lost 7% to trade at $36.76 a barrel. That was crude’s ...
Oil Price Might Sink In the Near Term
As the booming summer driving season fades away rapidly, oil markets are now taking on a uniquely chilly air. The recovery in oil demand has now stalled at the same ...
Oil And Gas Spending Plunges 54% In Canada
The latest reports show that Canada’s capital spending on its oil and gas sector fell by more than half in Q2 2020 as the health crisis pushed prices significantly low. ...
Oil Prices Rise On US Agreement To COVID-19 Plasma Treatment
Oil has been one of the worst-hit sectors by the rapid spread of COVID-19 since March. However, the industry has benefited after US President Donald Trump made a groundbreaking announcement. ...
Oil Prices Rise As OPEC+ Promises Strict Compliance
On August 21, Brent crude oil prices surged after OPEC+ reassured the global market that it plans to strictly cut its cumulative oil production. It plans to cut production by ...
Oil Surges After Bigger-Than-Expected Fall In US Inventories
On August 12, 2020, oil prices surged after an industry report indicated that the US crude inventories in the past week plunged by over the amount that the analysts had ...
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