By Julianne Geiger – 19 Aug 2020, 16:00 CDT Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s Energy Minister Prince Abdulaziz said ahead of the OPEC + Joint Ministerial Monitoring Committee meeting today, according to The National. Specifically, Prince …
Read More »
By Julianne Geiger – 19 Aug 2020, 16:00 CDT Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s Energy Minister Prince Abdulaziz said ahead of the OPEC + Joint Ministerial Monitoring Committee meeting today, according to The National. Specifically, Prince …
Read More »
Traders continue to worry about the growing number of COVID-19 cases in many parts of the world, including the United States, India and Brazil. The rise in infections in August still has a negative impact on global oil demand. Last week, India reported its fifth consecutive y / y decline …
Read More »
FATHI NASRI / Getty The International Energy Agency lowered its global forecasts for oil demand for 2020 and 2021 over expectations of a further decline in air travel. Although there has been a recovery in business and industrial activity, the agency has not shyed away from its estimate. The Paris-based …
Read More »
August has historically been brutal for oil and gas stocks. According to data from Schaeffer Research, the energy sector has consistently underperformed in August, with returns turning negative in 8 of the last ten years. Oilfield services companies were one of the biggest culprits, with Baker Hughes (NYSE: BKR), Schlumberger …
Read More »