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Oil Price
Oil Tumbles As New Virus Strain Revives Demand Fears
Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked wor…
Biofuel
Battered by Virus and Oil Slump, Biofuels Fall out of Favour
The production of biofuels for transport in 2020 is expected to decline 11.6 percent on 2019 levels, the first fall in 20 years, according to the International …
South Korea
Recovering Nuclear to Cut South Korean 4Q Coal Burn
Unplanned nuclear outages in South Korea have increased the country's reliance on coal and gas-fired power generation this month.
Oil & Gas Trade
Jet Fuel Crisis Will Hurt Oil Demand For Years To Come
A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The Natio…
Crude Oil
US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA
US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.
Oil Price
Oil Prices Advance on Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump
Extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and signs of a revival in U…
Oil Price
Oil Edges Up on Tighter Supply, but Demand Concerns Check Gains
Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery i…
Market Analysis
Magellan Sees 3Q Gasoline Demand Recovery
Fuel demand in Magellan's Midstream Partners' more rural central US markets has recovered faster than more urban regions, chief executive Mike Mears said today.
Coal Trade
Coal Supply by CIL to Power Sector Dips 22% to 32 MT in Apr Due to Demand Slump
The supply of coal to the power sector by state-owned Coal India has dropped 22 per cent to 31.95 million tonnes in April amid slump in the fuel demand in the c…
Crude Oil
China Crude Oil Runs Rebound in April as Fuel Demand Picks Up
The country processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to…
Oil & Gas Trade
U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever
The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy…
Oil & Gas Trade
North American Oil Producers Cut Output Quicker Than Some Expected
OPEC and allies led by Russia struck a deal in April to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, se…
Oil Shale
Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …
Crude Oil
Petrobras Reverses Production Cuts as Fuel Demand Beats Expectations
Petrobras has cancelled most of the cuts it had announced.
Market Analysis
Coronavirus Spurs New Clash Between Big Oil and Big Corn Over U.S. Biofuels
A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the na…
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