Tag: oil market

On September 18, 2021, 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 ...

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 ...

Most of the major movers in commodities in 2021, including precious metals like gold and oil, are expected to continue taking the spotlight until the close of this year. Traders ...

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 ...

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 ...

The latest reports show that Canada’s capital spending on its oil and gas sector fell by more than half in Q2 2021 as the health crisis pushed prices significantly low. ...

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 futures posted significant gains on August 5, 2021 morning. The prices hit a five-month high after data from an industry trade group indicated that there were large drops in ...

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 ...

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 ...