Post Tagged with: "tighter oil market"

Source: Reuters

Graphic: Tighter oil market encourages destocking, contract rollover

Reuters

LONDON  – Optimism for a recovery in oil demand as COVID-19 vaccines are rolled out while producers rein in supply has pushed the market structure for Brent and U.S. crude into the deepest backwardation since the start of the …

February 12, 2021 - 11:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Brent near $60 as OPEC+ cuts tighten oil market

Reuters

LONDON – Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year.

The coronavirus pandemic ravaged oil demand as …

February 5, 2021 - 1:30 pm — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P), International
Market Data copyright © 2020 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.