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A service for global professionals · Monday, April 19, 2021 · 538,823,801 Articles · 3+ Million Readers
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  • Published on 14:04 GMT

    Rising Covid cases, higher supply may continue to weigh on oil

    NYMEX crude oil rose in four out of five trading sessions last week, rallying sharply supported by a bigger-than-expected decline in US oil stocks. It registered a weekly gain of 6.4 per cent. The prices were also supported by the International Energy …

    Source: Economic Times - Uncategorized
  • Published on Apr 16, 2021

    Oil Demand Growth Overcomes Vax Setbacks

    (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) Oil demand growth is progressing despite hurdles linked to COVID-19 vaccinations, according to one …

    Source: Rigzone - Neutral
  • Published on Apr 15, 2021

    Oil Steady After Jumping on Stockpile Draw

    (Bloomberg) -- Oil was steady in Asia after jumping almost 5% on Wednesday as U.S. stockpiles data added to signs the demand outlook is improving. Futures in New York traded near $63 a barrel after closing higher for a third day, the longest run of gains …

    Source: Rigzone - Neutral
  • Published on Apr 14, 2021

    Oil prices rise after robust China data, Middle East tension

    LONDON: Oil prices rose on Tuesday after strong Chinese import data, while Middle East tensions gave only a limited boost given no crude supply has been disrupted so far. Brent crude oil futures were up 67 cents, or 1%, at $63.95 a barrel by 1221 GMT, …

    Source: Economic Times - Uncategorized
  • Published on Apr 13, 2021

    Suez Canal Blockage News- Oil Prices Rise Over 3% On Fears That Suez Blockage May Last For Weeks

    Brent crude was up $2.12, or 3.4 per cent, to $64.07 a barrel earlier Oil prices rose more than 3 per cent on Friday, rebounding on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of …

    Source: Big News Network - Neutral
  • Published on Apr 13, 2021

    Oil Holds Near $60 as Uneven Recovery Holds Back Further Rally

    (Bloomberg) -- Oil was steady near $60 a barrel in early Asian trading as investors assessed an uneven demand outlook amid rising Covid-19 cases in some regions and an impending increase in supply. Futures in New York edged higher after climbing 0.6% …

    Source: Investing.com - Neutral
  • Published on Apr 13, 2021

    Oil Up, but Investors Keep Close Eye on Supply, Middle East Tension

    By Gina Lee Investing.com – Oil was up Tuesday morning in Asia, with investors continuing to assess the impact of an uneven economic recovery from COVID-19 on fuel demand recovery alongside a potential increase in supply. Brent oil futures were up 0.24% to …

    Source: Investing.com - Neutral
  • Published on Apr 13, 2021

    Crude Oil Rises as Geopolitical Risk Premium Returns

    By Geoffrey Smith  Investing.com -- Crude oil prices rose on Monday as geopolitical risk was reinjected into prices, in the form of rising tension in the Persian Gulf. There were more reports earlier Monday of missile attacks launched by Houthi rebels in …

    Source: Investing.com - Neutral
  • Published on Apr 12, 2021

    Oil Prices Show Modest Gains

    (Bloomberg) -- Oil pared gains with prices struggling to break out of its recent trading range as the market considers the jagged outlook for global fuel consumption. Futures in New York closed 0.6% higher on Monday after rising as much as 2.4% during the …

    Source: Rigzone - Neutral
  • Published on Apr 9, 2021

    Crude Oil Edges Lower as Signs of Supply Squeeze Fading

    By Geoffrey Smith  Investing.com -- Crude oil prices fell on Friday and were on course to end a directionless week broadly lower, against a backdrop of growing signs that the output restraint that has supported the market for the last nine months may be …

    Source: Investing.com - Neutral
  • Published on Mar 8, 2021

    Oil & Gas shares rally; ONGC, Gail surge up to 7%, hit 52-week highs

    Shares of oil & gas companies were in focus on Monday after Brent crude prices hit their highest level since January, 2020. Besides, amid improved outlook and expectation of higher crude oil prices going forward, Oil and Natural Gas Corporation (ONGC) …

    Source: Business Standard - Neutral
  • Published on Mar 27, 2021

    India: Saudi advice on using stored oil 'undiplomatic'

    Indian Oil Minister Dharmendra Pradhan on Friday described the advice of his Saudi counterpart on using stored oil to tackle high crude prices as "undiplomatic", The Times of India reported. "That was in a way an undiplomatic answer by some …

    Source: Middle East Monitor - Uncategorized
  • Published on Mar 26, 2021

    Oil jumps 4% on fears Suez Canal blockage may last weeks

    NEW YORK: Oil prices rose more than 4% on Friday, rebounding on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products. Prices, however, were still headed for a …

    Source: Economic Times - Uncategorized
  • Published on Mar 26, 2021

    Oil Could End YoYo Week Lower Before OPEC Meeting

    By Barani Krishnan  Investing.com —  Oil prices are headed for a modest weekly loss after a rollercoaster week where the market was buoyed by a Suez Canal jam squeezing crude supplies and buffeted at the same time by Europe’s third wave of Covid-19. In all …

    Source: Investing.com - Neutral
  • Published on Mar 22, 2021

    Oil Giant Saudi Aramco Sees 2020 Profits Nearly Halved to $49 Billion

    DUBAI, United Arab Emirates—Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets. Saudi Arabian Oil Co. released …

    Source: The Epoch Times - Right-wing
  • Published on Mar 23, 2021

    Oil Prices Fall Amid More Lockdowns

    (Bloomberg) -- Oil tumbled to the lowest since early February as a string of renewed lockdown measures in Europe clouded the prospects for a speedy recovery in consumption. U.S. benchmark futures plunged 6.2% on Tuesday, and the oil futures curve collapsed …

    Source: Rigzone - Neutral
  • Published on Mar 23, 2021

    Oil Edges Lower Near $61 With Near-Term Demand Concerns in Focus

    (Bloomberg) -- Oil edged lower in early Asian trading on concerns about the near-term demand outlook amid the uneven recovery from the pandemic. Futures in New York slid 0.6% to trade near $61 a barrel after two days of gains. Fuel consumption is facing a …

    Source: Investing.com - Neutral
  • Published on Mar 20, 2021

    Oil Prices Make Comeback

    (Bloomberg) -- Oil came back from a sell-off that investment banks from Goldman Sachs to Morgan Stanley said was excessive and offered an opportunity to buy, with physical crude markets still showing signs of strength in the long run. Futures in New York …

    Source: Rigzone - Neutral
  • Published on Mar 20, 2021

    Crude Oil Prices Higher in Choppy Trade as Europe, India Demand Fears Weigh

    By Geoffrey Smith  Investing.com -- Crude oil prices were generally higher in choppy early trading in the U.S. on Friday, after the Federal Reserve’s decision to close a loophole in U.S. bank regulations pushed the dollar higher, weighing on all …

    Source: Investing.com - Neutral
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