Archives for March 2020
Report: Crude oil exports soar while U.S. inventory grows slightly
Crude oil production and exports soared during the last week of February while U.S. inventories grew slightly, a new report from the Department of Energy showed. Source: FuelFix
Click here 0 1,321
Largest oil drop in history underway, analysts say
The largest oil demand drop in history us underway due to the coronavirus outbreak, even worse than that experienced during the 2009 financial crisis, analysts at the research firm IHS Markit said Wednesday. Source: FuelFix
Click here 0 1,275
OPEC+ experts urge more output cuts as meeting scaled down
Experts from OPEC+ recommended that oil ministers consider a larger production cut when they meet later this week as the coronavirus takes a greater toll on the world economy. Source: FuelFix
Click here 0 1,294
Oil extends gains as Saudis push for deeper OPEC+ cuts
Oil rose for a third day after Saudi Arabia pushed for a deeper output cut than OPEC’s technical committee recommended a day earlier. Source: FuelFix
Click here 0 1,284
Wall Street oil outlook crumbles as Goldman sees contraction
Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 40 years. Source: FuelFix
Click here 0 1,280
