Oil steady as U.S. oil stockpiles drop
Oil prices were steady Wednesday as industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user.
Aramco Profits Cut by 73%, Battered by Pandemic
Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus pandemic crisis undercuts global demand.
Zanganeh: with unclear demand, predicting oil prices is hard
Iran’s oil minister, Bijan Zanganeh said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.
Over 10% rise in oil prices due to fuel demand rising
Oil prices jumped on Thursday following reports that US crude stockpiles increased less than expected and that gasoline demand battered by coronavirus restrictions is beginning to rise.
US Oil Prices Slide As Coronavirus Fuels Storage Fears
US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory.
US Oil Prices Falls due to Fears of Low Capacity
US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory.
Brent Climbs amid New Tensions
The price of a barrel of Brent crude oil climbed by more than nine percent to $22.25 (ICE) on Thursday after the US renewed its hostility towards Iran.
US sanctions made Iran ready to face unprecedented oil prices fall
First Vice President Es’hagh Jahangiri said on Tuesday that due to the US sanctions, Iran is in readiness for coping with the unprecedented drop in oil prices.
Saudi Arabia, Russia raise stakes in oil price standoff
Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow's overtures for new talks.
Iran Ex-OPEC Envoy Predicts More Crash in Oil Prices
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline.