Post Tagged with: "demand recovery"

Source: Reuters

Marathon Petroleum reports better-than-feared third quarter loss on demand recovery


U.S. refiner Marathon Petroleum Corp MPC.N reported a smaller-than-expected quarterly loss on Monday as fuel sales picked up after coronavirus restrictions eased.

Oil refiners around the world have been forced to cut production as the COVID-19 pandemic wrecked the …

November 2, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Oil steady as surge in virus cases clouds demand recovery


Oil prices were slightly higher on Monday despite rising coronavirus cases that upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week’s …

September 28, 2020 - 12:30 pm Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Forbes

Barclays sees near-tem oil price correction if demand recovery slows


Barclays Commodities Research said on Thursday oil prices could see a correction in the near-term if a recovery in fuel demand slows further, especially in the United States.

While a recent rally has been supported by faster-than-expected rebalancing of …

Source: CNBC

Oil falls on renewed US-China tensions, global glut


Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a fresh spat between the United States and China over the origin of the virus.…