Post Tagged with: "fuel demand"

Source: Reuters

Oil barrels come off the water as storage boom at sea fades

Reuters


LONDON – Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis are being sold, in a sign fuel demand is recovering as lockdowns ease, shipping sources say.

Fuel …

Source: Reuters

Fuel demand accelerates but new virus wave may slam on the brakes

Reuters


LONDON/NEW YORK – Fuel demand is gradually recovering as coronavirus lockdown measures ease around the globe but a second wave of infections could swiftly undermine the trend, industry data showed.

Road traffic in some of the world’s major cities …

Source: CNBC

Oil turns positive, shrugging off U.S. crude stock build

CNBC


Oil prices reversed course and turned positive on Thursday, despite a record high U.S. crude inventories and worries that a rapid resurgence in Covid-19 cases could choke a revival in fuel demand.

U.S. West Texas Intermediate (WTI) crude futures …

Source: Reuters

Oil tops $42 as OPEC+ laggards pledge better compliance

Reuters


LONDON – Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and on signs of demand, hit by the coronavirus crisis, …

Source: Reuters

Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

Reuters


NEW YORK – U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.…

Source: Reuters

India plans to fill strategic oil storage by the third week of May

Reuters


NEW DELHI – India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country’s SPR said on …

Source: Reuters

Oil prices rise on stimulus package, fuel demand sinks

Reuters


NEW YORK  – U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week.

Demand for oil …

Fuel Demand Should Eventually Follow July’s Unusual, Record-High Truck Orders

Fuel Demand Should Eventually Follow July’s Unusual, Record-High Truck Orders

But here’s why they won’t affect capacity anytime soon

From CCJ

According to preliminary numbers from FTR, July orders for Class 8 trucks set a new monthly record, landing at 52,250 and pushing orders from the prior 12 months to …

August 10, 2018 - 2:07 pm Closing Bell Story‎, Energy News, Transportation