Post Tagged with: "demand recovery"

Source: Reuters

Saudi Aramco Q2 profit soars on higher prices, demand recovery

Reuters


DUBAI – Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.

Aramco said its results were …

Source: Reuters

Oil rises on lower U.S. stockpiles, demand recovery

Reuters


NEW YORK – Oil prices rose on Wednesday, heading for monthly and quarterly gains, after data showed U.S. crude stockpiles were shrinking and an OPEC report foresaw an undersupplied market this year.

The Brent crude contract for August, due …

Source: Reuters

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

Reuters


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

CNBC


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

Reuters


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

CNBC


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.…