S&P World Platts and Argus Media will launch new benchmarks for pricing US crude oil that's being exported to interchange the West Texas Intermediate benchmark. ...
The following OPEC+ assembly, initially scheduled for June 9-10, may happen sooner than anticipated in accordance with a Reuters report that cites a letter from the OPEC president of Algeria to the members of the broader producer group. ...
China’s imports of Russian oil have risen 18 p.c in April year-on-year, in line with Reuters, citing Chinese language customs information. Shipments reached 7.2 million tons, equal to 1.75 million barrels per day (bpd). ...
Indian Oil Minister Dharmendra Pradhan stated the South Asian nation is taking a look at storing some low-priced American crude at US amenities as a result of India’s native storage is full. ...
Crude costs soar on stronger demand as nations start to ease coronavirus restrictions
Posted On Monday, May 18, 2020 By Russian Opinion. Under Economy Tags: begin, coronavirus, countries, crude, demand, ease, prices, restrictions, soar, stronger
Oil costs jumped on Monday boosted by output cuts and indicators of restoration in demand for gasoline as international economies have began easing curbs that have been imposed to include the unfold of coronavirus. ...
Whereas the remainder of the world is tentatively popping out of lockdowns, China is profiting from the most affordable crude oil in years to fill up as demand is beginning to return on the planet’s largest oil importer. ...
The unprecedented oil market crash this week has put Russian crude below stress, with the Urals mix falling by nearly $ 6 to commerce beneath $ 12 per barrel, in accordance with vitality info supplier Argus Media. ...
The worth for a barrel of US crude West Texas Intermediate (WTI) continued its downward spiral on Tuesday following Monday’s historic crash, which noticed costs enter adverse territory for the primary time ever. ...
After hitting their lowest degree since 1998, US oil costs crashed under $ 10 per barrel on Monday because the coronavirus pandemic cripples international vitality demand, sparking considerations that storage amenities will quickly be full. ...
Russian gold and overseas foreign money holdings have shed nearly $ 30 billion or greater than 5 p.c in a single week within the largest drop because the international monetary disaster amid the coronavirus pandemic and crashing oil costs. ...
