News
Russian producers are ready to survive flood of Saudi crude
A flood of discounted Saudi crude is heading for Europe, but Russia might just have the only producers in the world equipped to compete with it. Source: FuelFix
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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
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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
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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
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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
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