Post Tagged with: "og360"

Source: Reuters

Column: Global crude oil bulls are running past China, India bears


LAUNCESTON – Asia may be a late arrival to the impending crude oil party.

The oil market is largely convinced that a strong recovery in demand is imminent, based on the view that the world is recovering from the …

Source: Reuters

Venezuela readies fuel distribution as fourth Iranian tanker enters Caribbean


MARACAY, Venezuela/DUBAI – Venezuela has begun preparations to distribute fuel imported from Iran among desperate citizens as the fourth cargo of a five-tanker flotilla was crossing the Caribbean on Wednesday, according to Refinitiv Eikon and a government official.

Iran …

Source: CNBC

Oil prices could go negative again for reasons beyond just storage


It’s not all about storage.

Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill with unneeded crude. There are, however, …