Post Tagged with: "oil steady"
Oil steady on new lockdowns, vaccine hopes
LONDON – Oil steadied on Monday, pressured by concerns over surging coronavirus cases globally and by Libya’s plan to boost output, however, prices found some support by hopes of a U.S. fiscal package and expectations of a vaccine by …
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 …
Oil industry paints grimmer picture of pandemic’s harm to demand
SINGAPORE/LONDON/NEW YORK – Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic’s ongoing assault on the global economy.
The novel coronavirus hammered fuel demand in the spring, causing …
Oil steady on signs of output cuts but demand concerns weigh
LONDON – Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as some countries ease out of lockdowns.
Benchmark Brent crude was up 4 …
Oil steady as Asian states seek to offset virus hit to economies
Oil steadied near $57 a barrel in London as China and other Asian states promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand.
Prices recovered more than 5% last week, the …
