Oil Marketers Concerned About Possible Unrest When Prices Rebound
Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to avoid a civil unrest that may arise when oil prices rebound.
According to the Major Oil Marketers...
Crude Oil Price Rises By 6% To $41
The international oil benchmark, Brent crude, surged by six per cent on Monday after doctors said the United States President Donald Trump could soon be discharged from the hospital where he was being treated for COVID-19.
The upturn...
Oil Price Rises To $40
Oil prices rose more than two per cent on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic.
Brent crude gained 92 cents, or 2.3...
Oil Rises Slightly To $40, Demand Concerns Persist
Crude oil prices on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand.
The international oil...
COVID-19: Second-wave Fears Threaten Oil Demand Recovery
The recent oil price gains may be short-lived as growing fears over a resurgence in COVID-19 cases are putting the world’s oil demand recovery on hold, sparking concerns over a new supply glut in the coming months, according...
Oil Rises To $38 As OPEC+ Discusses Production Cut Extension
The Organisation of Petroleum Exporting Countries and its allies led by Russia are moving closer to a compromise on extending current oil output cuts and are discussing a proposal to roll over supply curbs for...
