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Biden, Omicron, Cause Longest Weekly Run of Crude Losses since March
Dec 3, 2021 ... White House declining on Friday to say whether it would release oil from the Strategic Petroleum Reserve to help tame energy prices was enough to cause another round of losses for crude – and ...
China Grants Guangzhou Bonded Bunkering Licence
Dec 3, 2021 ... voyages," the government said in the document. "Allow Guangzhou and Shenzhen bonded oil supply companies to carry out direct supply of bonded oil within the scope of Guangdong ...
Oil Plunges Over 5% As Demand Pessimism Kicks Into High Gear
Nov 30, 2021 ... asset purchases sooner than anticipated triggered  yet more worries about demand impact, causing oil to slide by over 5 percent. The theory was that ending asset purchases earlier in 2022 could ...
Crude Drops $10/bbl, Bunkers Tumble on Omicron Coronavirus Variant
Nov 26, 2021 ... wide reaching global lockdown measures being brought into force that cold translate into reduced oil demand and a sharp supply surplus in Q1 of next year. As a result, Brent Friday settled down ...
Oil Down Again On OPEC Surplus Warnings As Analysts Disagree On Market Outlook
Nov 25, 2021 ... earlier stated that if the U.S., Japan, and four other countries release 66 million barrels of oil over a two-month period as planned, the excess in world markets would expand by 1.1 million ...
Oil Down On U.S. Inventory Build As OPEC Predicts Market Excess Due To SPR Release
Nov 24, 2021 ... increased 1.02 million barrels last week, the biggest build in three weeks – and as a result oil prices on Wednesday declined, but minimally, by 0.1 percent. The decline was accompanied by ...
Oil Rises As Battle Lines Between OPEC and U.S. Are Drawn
Nov 22, 2021 ... although minimally, in anticipation of U.S. president Joe Biden announcing a release of oil from that country's Strategic Petroleum Reserve in conjunction with several other countries as ...
Weekly Vessel Scrapping Report: 2021 Week 46
Nov 18, 2021 ... Group Nov 15, 2021 Nimble OCEAN GOING TUG 31199 Togo Oil & Marine Nov 12, 2021 Berge ...
Oil Plummets as U.S./China Talks To Curb Inflation Result In No Action
Nov 17, 2021 ... prices on Wednesday endured another round of losses, plummeting to six-week lows in the aftermath of U.S. president Joe Biden and China president Xi Jinping debating whether to release crude ...
Oil Rises As All Eyes On Washington Following OPEC Rebuff
Nov 5, 2021 ... Petroleum Exporting Countries' (OPEC) refusal to boost output and alleviate crude prices, vigorous oil trading on Friday pared another weekly loss for the commodity to 2.8 percent. West Texas ...