U.S. The prospect of summer drivers filling up on the highway is gaining ground in the price of gasoline, a sign of economic recovery and an epidemic devastation is a boon for the energy industry. Considering oil recovery and growing consumer demand, gasoline prices at U.S. pumps hit an average …
Read More »European recovery has seen Nasdaq-100 futures decline after the US Senate passed a 9 1.9 trillion stimulus plan.
European stocks rose on Monday while U.S. stocks rose. Technology stock futures fell, with bond yields approaching a one-year high and the world’s largest economy heading for a $ 1.9 trillion stimulus. U.S. weekend The Senate passed a version of its 1.9 trillion stimulus package, before President Joe Biden could …
Read More »Oil jumps on significant crude inventory draw
Crude oil prices rose further today after the RJD registered a 1.1 million barrel oil draw for the week of December 25. A day earlier, the American Petroleum Agency also helped push up crude oil inventories by estimating a drop of 4.78585 million barrels in the same week. Last week, …
Read More »A Venezuelan ship carrying 1.3 million barrels of oil is tilted – and that could lead to the spread of destructive oil
Venezuelan oil tankers have been transporting 90 million gallons of oil into the Gulf of Peria for almost two years. New photos of the ship show that it appears to be leaning heavily on its side – leading to growing concerns about the potential. Environmental disaster Which threatens one of …
Read More »Oil spikes after OPEC claims: “Worst for oil market”
By ZeroHedge – Oct Oct 08, 2020, 5:00 pm CDT Crude prices rose on Thursday, while OPEC said on Thursday that oil was “the worst” for the market. The next month’s crude contract rose 3.08% to 15.09 ET.241.22 following optimistic comments. Secretary-General Mohamed Barkindo said OPEC would continue to manage …
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