IEA lowers 2020 oil demand forecast citing dismal aviation sector
LONDON (Reuters) – The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to [...]
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Mauritius rush to pump oil before ship breaks up
The authorities hope to finish pumping out the remaining oil from the ship that has caused a huge oil spill off the coast [...]
U.S. energy bankruptcy surge continues on credit, oil-price squeeze
(Reuters) – Another 16 U.S. energy firms filed for protection from creditors last month, reflecting crude oil prices below levels that are profitable [...]
Crack in freighter leaking oil off Mauritius coast widens
Oil leak on Japanese ship off coast of Mauritius halted, but more spillage possible as tanker risks breaking up. The Japanese tanker that [...]
Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup
MELBOURNE/SINGAPORE (Reuters) – Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave [...]
Oil edges lower on oversupply concerns as OPEC+ set to raise output
TOKYO (Reuters) – Oil prices fell on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are due [...]
Syria says U.S. oil firm signed deal with Kurdish-led rebels
BEIRUT (Reuters) – Syria’s foreign ministry said on Sunday that an American oil company had signed an agreement with Kurdish-led rebels who control [...]
Jet fuel demand outlook sours after fleeting market optimism
NEW YORK/SINGAPORE/LONDON (Reuters) – For a faint moment, energy traders had an inkling that demand for jet fuel, the worst-hit product in fuel [...]
Oil posts monthly gains as U.S. reports record output cuts in May
NEW YORK (Reuters) – Oil prices rose on Friday and were on track for monthly gains, benefiting from news that U.S. oil output [...]
Oil down nearly 4% as virus surge weighs on demand outlook
LONDON (Reuters) – Oil prices fell by around 4% on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery [...]