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  • Published on Apr 21, 2021

    Oil Down 2% on Talk of Imminent Deal for Iran to Export Crude Again 

    By Barani Krishnan Investing.com - Oil prices fell as much as 2% on Wednesday on talk of a nuclear deal by May for Iran that would take U.S. sanctions off the Islamic Republic’s crude exports, potentially adding another two million barrels per day or more …

    Source: Investing.com - Uncategorized
  • Published on Apr 21, 2021

    OPEC+ Unlikely To Drastically Change Oil Pact Next Week

    The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months, Russia’s Deputy Prime Minister Alexander Novak told reporters in Moscow on Wednesday. OPEC+, which decided on April 1 to …

    Source: Investing.com - Uncategorized
  • Published on Apr 21, 2021

    Oil prices recover

    LONDON: One year ago, crude oil prices plunged into the abyss, wiped out by the global coronavirus pandemic and disagreement within OPEC. Twelve months on, prices have recovered and are rising, boosted by the global vaccination roll-out and brightening …

    Source: Bangkok Post - Neutral
  • Published on Apr 21, 2021

    Oil industry still recovering 1 year after commodity’s historic freefall into negative pricing territory

    A COVID-19 catchphrase that has emerged during this prolonged pandemic seems to be applicable to the current state of Alberta’s oil sector: “Things may look a little bit different this year.” Tuesday marked the one-year anniversary of a startlingly swift …

    Source: Global News - Neutral
  • Published on Apr 19, 2021

    Russia’s Novak says OPEC+ countries will gradually restore oil output in May-July – Ifax

    Russian Deputy Prime Minister Alexander Novak said on Friday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies will gradually restore oil output between May and July, the Interfax news agency reported. Novak added that Russia …

    Source: Investing.com - Uncategorized
  • Published on Apr 21, 2021

    Oil Slides With Broader Market Selloff Adding to Demand Concerns

    (Bloomberg) -- Oil slumped the most in two weeks alongside a broader market rout as a resurgent virus in some of the world’s top oil importers highlighted the uneven road to recovery. West Texas Intermediate fell 1.5% to the lowest in a week as the S&P …

    Source: Investing.com - Uncategorized
  • Published on Apr 20, 2021

    Oil Prices Drop Amid Broader Selloff

    (Bloomberg) -- Oil slumped the most in two weeks alongside a broader market rout as a resurgent virus in some of the world’s top oil importers highlighted the uneven road to recovery. West Texas Intermediate fell 1.5% to the lowest in a week as S&P 500 …

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

    Crude oil jumps above $64, marking one year of crash below zero

    Oil jumped above $64 a barrel, a year to the day after futures for the US benchmark collapsed below zero, with the world’s most important commodity extending a powerful rally on bets for better demand. West Texas Intermediate advanced 1.3 per cent, adding …

    Source: Business Standard - Neutral
  • Published on Apr 20, 2021

    Oil marks anniversary of crash below zero with rise toward $64

    Oil rose toward $64 a barrel, a year to the day after futures for the U.S. benchmark collapsed below zero, with the world’s most important commodity extending its rally on bets for better demand. West Texas Intermediate advanced 0.5%, after production in …

    Source: Anchorage Daily News - Alaska - Neutral
  • Published on Apr 20, 2021

    Azerbaijani banks' foreign currency demand disclosed

    20 April 2021 18:34 (UTC+04:00) 324 By Trend The Central Bank of Azerbaijan (CBA) sold $31 million to the local banks at the foreign exchange auction held with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on Apr.20, 2021, Trend reports …

    Source: AzerNews - Pro-Government
  • Published on Apr 20, 2021

    Global oil surplus diminishing

    The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that's rescuing producers but vexing consumers. Barely a fifth of the surplus that flooded into the storage tanks of …

    Source: Northwest Arkansas Democrat Gazette - Neutral
  • Published on Apr 20, 2021

    Hydrogen is one future fuel oil execs and environmentalists could both support

    Tehran, 1943: Joseph Stalin, Franklin D. Roosevelt and Winston Churchill—hosted by the young Shah Reza Pahlavi—agree on plans for the two-front attack on Hitler while sketching out the east-west division of Europe. Holding the meeting in Iran, with …

    Source: Phys.org - Neutral
  • Published on Apr 20, 2021

    Oil Marks Crash Anniversary with Rally

    (Bloomberg) -- Oil surged above $64 a barrel a year to the day after futures for the U.S. benchmark collapsed below zero, with the world’s most important commodity extending a powerful rally on bets for better demand as leading economies battle the …

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

    Oil prices went negative a year ago. Now the glut is gone

    Panic gripped the energy market last spring as a frightening realization dawned on oil traders: The world was rapidly running out of space to store excess crude. The once-in-a-century pandemic caused oil demand to collapse at an unfathomable pace. Supply …

    Source: KTVZ - Oregon - Neutral
  • Published on Apr 19, 2021

    Crude Oil Drifts as Markets Wait for Fresh Impulse

    By Geoffrey Smith  Investing.com -- Crude oil prices drifted sideways in subdued trading on Monday, with support from the weaker dollar being offset by the ongoing demand problems in India, one of the world’s biggest importers, due to the Covid-19 pandemic …

    Source: Investing.com - Uncategorized
  • Published on Mar 31, 2021

    Saudi Arabia still waiting to decide on OPEC+ oil cuts ahead of April 1 meeting: source

    Saudi Arabia has not yet decided its position on OPEC+ oil production quotas, a Saudi Arabian source told S&P Global Platts on March 30, two days ahead of the bloc’s meeting to decide on May output levels. The source denied a report that the kingdom …

    Source: Investing.com - Uncategorized
  • Published on Apr 19, 2021

    Oil Steady as Dollar Dips and India Cases Surge

    (Bloomberg) -- Oil steadied near $67 a barrel as the benefits of a weaker dollar were offset by the sweep of the coronavirus pandemic across key importer India. Brent futures traded little changed, paring an earlier decline as the dollar slipped, making …

    Source: Rigzone - Neutral
  • Published on Apr 19, 2021

    Why Iran’s Return To Oil Markets Isn’t A Major Threat

    The ongoing JCPOA discussions, involving European countries, Russia, Iran, and, on the sidelines, the U.S., are being watched by international oil markets with trepidation. The possibility of Washington rejoining the international Iranian nuclear agreement …

    Source: Investing.com - Uncategorized
  • Published on Mar 30, 2021

    Russia supports OPEC+ oil output rollover to May, seeks small rise for itself: source

    Russia would support broadly stable oil output by OPEC+ group of leading global oil producers in May, while seeking a relatively small output hike for itself to meet the rising seasonal demand, a source familiar with Russia’s thinking said on Monday. …

    Source: Investing.com - Uncategorized
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