Post Tagged with: "coronvirus"

Source: Reuters

Equinor beats earnings forecasts as refinery and trading shines


OSLO – Equinor on Friday reported a drop in second-quarter operating profit but a strong performance from its refinery and trading business helped to counter a coronavirus-led slump in oil and gas prices allowing the group to beat forecasts.…

Source: CNBC

As summer driving season kicks off, it’s unclear just how many people will take to the road


This weekend’s Memorial Day holiday could be a test for the gasoline market, depending on whether drivers in reopening states hit the road and then keep on driving.

Gasoline demand is about 30% below where it was before states

Source: CNBC

A resurgence of coronavirus cases will have ‘major consequences’ for the oil market, IEA warns


The International Energy Agency (IEA) said on Thursday that market forces had “demonstrated their power” on the supply side of the oil market in recent weeks, but concerns remain over the potential for a second wave of Covid-19 infections.