Post Tagged with: "lockdowns"

Source: Reuters

Column: Oil prices no longer especially cheap after strong rally – Kemp


LONDON  – Oil prices are no longer particularly cheap by historical standards.

Perceptions about prices tend to be over-influenced by recent experience so current prices feel very low to producers used to receiving $60-80 per barrel over the 2018/19 …

Source: Reuters

OPEC sees gradual oil demand recovery, makes 84% of cuts in May


LONDON – OPEC forecast on Wednesday a gradual recovery in global demand for oil, which has been hammered by the coronavirus crisis, and said record supply cuts by producers were already helping to rebalance the market.

In a monthly …

Source: CNBC

Bank of America pledges $1 billion to assist economic and racial inequality intensified by pandemic


Bank of America announced Tuesday that it will commit $1 billion over four years to help local communities grapple with the widened economic and racial inequality caused by the Covid-19 outbreak.

The bank said in a press release that …

June 2, 2020 - 12:00 pm Closing Bell Story‎, Corporate Governance, Finance
Source: Reuters

Column: Global diesel use likely to be depressed all year – Kemp


LONDON  – Consumption of diesel and other middle distillate fuels is likely to be depressed for many months, as stay-at-home orders are lifted but the lingering effects of the epidemic and lockdowns reduce business activity.

Lockdowns are easing in …

Source: Reuters

Oil moves mixed on easing lockdowns, looming storage shortage


LONDON – Oil prices were mixed on Tuesday as optimism about the easing of coronavirus-related restrictions reassured markets, although traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand.

Brent …