Oil-producing group OPEC, and its allies, will likely delay an output hike at its meeting this week as it weighs positive vaccine news against new coronavirus lockdowns.
— Read on www.cnbc.com/2020/11/29/opec-alliance-considers-delay-to-its-output-hike.html
Tag: Oil
Tracking the Growing Wave of Oil & Gas Bankruptcies in 2020
Dropping crude prices and a worsening pandemic have led to a growing wave of energy bankruptcies. Here’s what that fallout looks like.
— Read on www.visualcapitalist.com/tracking-the-growing-wave-of-oil-gas-bankruptcies-in-2020/
IEA warns oil demand recovery at risk from virus resurgence – BNN Bloomberg
IEA warns oil demand recovery at risk from virus resurgence – BNN Bloomberg
— Read on www.bnnbloomberg.ca/iea-warns-oil-demand-recovery-at-risk-from-virus-resurgence-1.1463370
Oil Markets Starved of Essential Russian and Saudi Barrels
(Bloomberg) — Leaving behind the waters of the Caribbean Sea, the 1,100-feet long oil tanker Maran Apollo is emblematic of the wider petroleum market.Steaming at 11.5 knots, she’s heading toward China, where oil demand is fast recovering, hauling a cargo of two million barrels of U.S. crude. But her
— Read on ca.finance.yahoo.com/news/physical-oil-market-sour-barrels-040000036.html
A second wave of the virus is threatening U.S. oil demand again – BNN Bloomberg
A second wave of the virus is threatening U.S. oil demand again – BNN Bloomberg
— Read on www.bnnbloomberg.ca/a-second-wave-of-the-virus-is-threatening-u-s-oil-demand-again-1.1457116
Oil hope diminished on impending end of extra Saudi supply cuts – BNN Bloomberg
Oil hope diminished on impending end of extra Saudi supply cuts – BNN Bloomberg
— Read on www.bnnbloomberg.ca/oil-hope-diminished-on-impending-end-of-extra-saudi-supply-cuts-1.1447005
Oil Slips From 11-Week High With Russia Set on Easing Cuts
(Bloomberg) — Oil declined from the highest settlement in 11 weeks on signs Russia is supporting plans to start easing supply cuts from July, while tensions between the U.S. and China escalated amid the specter of sanctions.Futures fell 1.5% in New York. Moscow wants to scale back curbs in line with
— Read on ca.finance.yahoo.com/news/oil-rally-pauses-report-russia-222337670.html
Oil gains for a sixth session after American stockpiles shrink – BNN Bloomberg
Oil gains for a sixth session after American stockpiles shrink – BNN Bloomberg
— Read on www.bnnbloomberg.ca/oil-gains-for-a-sixth-session-after-american-stockpiles-shrink-1.1439217
Where Does Saudi Wealth Fund Invest?: Canada Oil Sands Latest – Bloomberg
Where Does Saudi Wealth Fund Invest?: Canada Oil Sands Latest – Bloomberg
— Read on www.bloomberg.com/news/articles/2020-05-15/saudi-wealth-fund-builds-stakes-in-canadian-oil-sands-giants
Egyptian billionaire Naguib Sawiris oil prices and airlines
Egyptian billionaire Naguib Sawiris said he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all airline stocks at the firm’s annual meeting on Saturday.
— Read on www.cnbc.com/2020/05/06/egyptian-billionaire-naguib-sawiris-oil-prices-and-airlines.html