Tue, 28-Jun-2022

Oil Market

PKN to Ask for EU Approval for PGNiG Merger This Yea...

Poland’s biggest oil refiner PKN Orlen this year will seek European Commission approval for its planned takeover of gas company PGNiG, CEO Daniel Obajtek said to Reuters. Since Obajtek was appointed ... August 10, 2020 2:04 pm By Neha Mule

Oil Falls as OPEC+ Set to Boost Output

Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August. Br... August 3, 2020 1:01 pm By Neha Mule

PipeChina to Take on $56 Billion of Pipelines to Boo...

China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion). ... July 24, 2020 9:55 am By Neha Mule

Oil Prices Hit Levels Last Seen in March on Vaccine ...

Oil rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal, which took prices to levels last seen when an oil price war erupted in early March between Russia and Saudi... July 21, 2020 12:51 pm By Neha Mule

Vaccine Hopes Give Global Stocks, Euro and Oil Shot ...

World shares climbed towards a four-month high on Wednesday with the euro and oil in tow, as hopes for a coronavirus vaccine offset rising tensions between the United States and China. Asia had a chopp... July 15, 2020 10:01 am By Neha Mule

Oil Down as U.S. Virus Spike Stokes Demand Worries

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude LCOc1 futures declined by 44 cents,... July 7, 2020 10:48 am By Neha Mule

Oil Slips Towards $40 on Record U.S. Inventories, CO...

Oil slipped towards $40 a barrel on Thursday after a more than 5% fall the previous session, as record-high U.S. crude inventories and a resurgence in coronavirus cases cast doubt on a recovery in fuel demand.... June 25, 2020 10:41 am By Neha Mule

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