Friday, August 8, 2025
Top traders see tepid oil demand recovery, flat prices- oil and gas 360

Top traders see tepid oil demand recovery, flat prices

Reuters LONDON – The heads of the world’s largest trading houses on Tuesday predicted a tepid recovery in oil demand and flat prices over the coming months or years due to the coronavirus pandemic but said peak oil demand would come only in the next decade. The chief executives of Vitol, Gunvor and Mercuria also told the annual FT Commodities

Oil falls as virus cases mount and U.S. debate looms- oil and gas 360

Oil falls as virus cases mount and U.S. debate looms

Reuters LONDON – Oil prices dropped on Tuesday as Europe and the United States grappled with a surge in new coronavirus infections and investors remained cautious ahead of the first U.S. presidential debate. Brent’s November contract LCOc1, which expires on Wednesday, fell 63 cents, or 1.5%, to $41.80 a barrel by 1342 GMT. The more active Brent crude contract for December LCOc2 fell