BEIJING (Reuters) – China’s crude oil imports from Saudi Arabia increased 15% in June from a year ago, as refineries ordered record volumes of fuel in March and April when oil prices fell, solidifying the position of the kingdom as the main supplier of oil to China. FILE PHOTO: An …
Read More »Oil falls as virus infections rise, eyes on EU recovery plan
LONDON (Reuters) – Oil prices fell on Monday as coronavirus cases rose in many countries around the world, but investors remained cautiously optimistic about ongoing talks about a recovery fund across the European Union. to revive the economies affected by the pandemic. FILE PHOTO: Bomb jacks are seen during sunset …
Read More »Oil falls on concerns about falling fuel demand as infections rise
TOKYO (Reuters) – Oil prices fell on Monday amid concerns that a recovery in fuel demand could be affected by an increase in the rate of coronavirus infections worldwide. FILE PHOTO: Bomb jacks are seen during sunset at Daqing Oil Field in Heilongjiang Province, China, August 22, 2019. REUTERS / …
Read More »Oil falls on concerns about falling fuel demand as infections rise
TOKYO (Reuters) – Oil prices fell on Monday amid concerns that a recovery in fuel demand could be affected by an increase in the rate of coronavirus infections worldwide. FILE PHOTO: Bomb jacks are seen during sunset at Daqing Oil Field in Heilongjiang Province, China, August 22, 2019. REUTERS / …
Read More »Oil mixed in tighter supply, increase in US virus cases.
LONDON (Reuters) – Oil prices mixed on Monday, with Brent crude rising, backed by tighter supplies and positive economic data, while US benchmark WTI futures fell on concerns that a Increase in coronavirus cases could curb demand for fuel in the United States. FILE PHOTO: The sun sets behind a …
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