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 ...
Tag: crude oil
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 ...
Oil Surges After US Crude And Gasoline Inventories Plunge
Oil futures posted significant gains on August 5, 2020 morning. The prices hit a five-month high after data from an industry trade group indicated that there were large drops in ...
Russia Targets $1.9 Billion In Taxes From Oil Over The Next 2 Years
On August 3, Russia’s finance ministry announced that it targets to get up to US$1.93 billion (143 billion Russia rubles) in taxes from the oil sector in the next 24 ...
Oil Prices Rise As US Crude Stocks Decline
The prediction of United States crude inventory fall signals increases in American oil consumption. On July 29, the oil prices gained as an estimated US crude oil inventory decline continues ...
Oil Slides As Demand Recovery Slows
After registering some gains at the start of July 27’s trading session, the oil prices made U-turn and dropped as increasing COVID-19 cases in most countries and reduced commercial flights ...
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