Archives for March 2020
Oil slump deepens after Trump limits travel
Oil slumped further after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days in an attempt to contain the coronavirus, pummeling fuel demand. Source: FuelFix
Click here 0 1,204
Crude inventories rise as forecasts for price, demand, production are cut
Commercial crude inventories rose last week, but the gains were offset by declines in stockpiles of refined products. Source: FuelFix
Click here 0 1,212
Oil traders stand to make fortunes as more oil hits market
“Everyone is looking for tanks,” an executive at a major oil trading company said, asking not to be named discussing commercial matters. Source: FuelFix
Click here 0 1,207
Oil resumes decline as Saudis, U.A.E. vow further output boost
Oil’s rebound from its biggest crash in a generation halted after Saudi Arabia said it would boost its production capacity, and the United Arab Emirates joined them in raising supplies. Source: FuelFix
Click here 0 1,212
Saudi Arabia pledges to expand oil output capacity
Saudi Arabia ordered state-run oil producer Aramco to boost the kingdom’s output capacity by 1 million barrels a day, the latest escalation in a battle for control of the global petroleum market. Source: FuelFix
Click here 0 1,188
