IEA Reduces Oil Demand Forecast as Vaccine News Unlikely to Revive Crude Markets Soon
Although Pfizer Inc.’s coronavirus vaccine made some significant headway in the past week and pushed crude prices to a 10-week
Read moreAlthough Pfizer Inc.’s coronavirus vaccine made some significant headway in the past week and pushed crude prices to a 10-week
Read moreDespite the continued subdued global demand for oil, it appears that the already-oversupplied market has been pumped with even more
Read moreAs the demand for crude oil collapsed amid the pandemic, OPEC had no choice but to reduce output as a
Read moreWith the slight rebound in demand for oil, OPEC+ has decided to unwind some of its supply cuts which were
Read moreEven with the recent OPEC+ deal to scale back oil production, the US is still facing a substantial over supply:
Read moreIt appears that oil production cuts have finally been agreed upon, with OPEC+ members agreeing to cuts consisting of 9.7
Read moreOil futures rose late in the day today as we head into tomorrow’s scheduled OPEC+ meeting which is anticipated to
Read moreTrading in oil futures is expected to open up mixed this evening after a series of events occurred this weekend
Read more