Oil & Gas Industry
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
Oil Tops $42 as OPEC+ Laggards Pledge Better Complia...
Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and on signs of demand, hit by the coronavirus crisis, reco...
June 19, 2020
2:33 pm By Neha Mule
Asian Stocks, Oil Fall as Second Wave Fears Grow
Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighe...
June 15, 2020
6:30 am By Neha Mule
United States Oil Fund Receives Green Light to Issue...
The United States Oil Fund LP, the largest U.S. oil-focused exchange-traded product, stated on Friday in a regulatory filing that it has gained approval to resume offering new shares.
USO’s registrat...
June 13, 2020
11:09 am By Neha Mule
Oil Prices Rise as Easing of Lockdown Spurs Fuel Dem...
Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversuppl...
June 9, 2020
7:13 am By Neha Mule
Oil Rises as Traders Await OPEC+ Meeting on Extendin...
Oil prices moved higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts.
Bre...
June 5, 2020
12:03 pm By Neha Mule
Oil Drops Over 5% on China-U.S. Tensions, Demand Dou...
Oil fell 5% on Friday towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.
China is set to impose ne...
May 22, 2020
10:58 am By Neha Mule