(Reuters) – Brent oil prices could rise to $65 per barrel by summer 2021, Goldman Sachs said on Monday, driven by output cuts in Saudi Arabia and the implications of a shift in power to […]
Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world’s second-largest oil user, after a jump in cases there. […]
ENB Publishers Note: Bull’s in Asia and Europe drive oil price to $51.66 for the high on the overnight session as traders shake off COVID-19 concerns… ______ Singapore — 0242 GMT: Crude oil futures ticked up […]
Total US crude exports averaged 2.73mn b/d in November, down from 2.91mn b/d in October, according to trade data released today by the US Census Bureau. China had been the top destination for US crude […]
A majority of OPEC+ members including Saudi Arabia were opposed to increasing oil output again next month, while Russia was proposing the maximum supply hike allowed by the group’s agreement. The difference of opinion between […]
The pummeling received by the oil market in 2020 and a subsequent slump in the valuations of energy stocks is well documented. As the Covid-19 global pandemic triggered an economic downturn – following national lockdowns, […]
Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled […]
Some 3,000 feet under Millard County lies a massive dome of salt, two miles across and a mile thick, that is becoming a major pivot point in Utah’s energy future. Owned by the state, the […]
US coal buyers have modified their restocking strategies going into 2021 to reducing committed volumes from previously seeking more optionality in their contracts amid uncertainty around the ongoing Covid-19 pandemic, market sources say. “The buyers […]
London — Policy will continue to be a key driver of the European biodiesel market through 2021, with the revised Renewable Energy Directive (REDII) setting the EU policy framework until 2030. EU biodiesel consumption to recover […]
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