oil prices

Russia firms on hopes of oil cuts

Russia’s rouble firmed for the first time in five days on Monday as oil prices jumped on hopes of prolonged cuts in output, while emerging market stocks jumped to a more than two-year high on signs the economic rebound in China was gaining momentum

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Oil prices continue their rally amid positive vaccine news

Oil prices were rising again Tuesday, continuing the momentum from their Monday surge on positive vaccine news. Brent crude futures, the international benchmark, rose 2.2% to $43.33. West Texas Intermediate futures rose 2.2% to $41.17. They had risen 7% and 8%, respectively, on Monday

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Covid-19 vaccine to help oil?

Pfizer Inc said on Monday its experimental COVID-19 vaccine was more than 90% effective, a major victory in the fight against a pandemic that has killed more than a million people, battered the world’s economy and upended daily life. …

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China’s oil imports are falling from record highs

China’s crude oil imports have fallen in recent months from their record high of nearly 13 million barrels per day (bpd) in June, although imports continue to be considerably higher compared to last year’s monthly levels, data from the Joint Organisations Data Initiative (JODI) showed on Wednesday. Having hit an all-time high in June, Chinese crude oil imports have declined over two consecutive months by 1.77 million bpd to 11.21 million bpd in August, according to JODI data

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Covid-19 raises concerns about oil demand

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures were trading sharply lower on Monday, following through to the downside after posting its first loss in three last weeks

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China’s Oil Imports Are Falling

China, which has been on an oil-buying binge since the start of the pandemic, is now retreating as storage space fills up and demand for fuels in the regions it exports them to remains weak. As Oil Price …

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How one COVID-19 case dominates the market

Oil markets recovered on Monday morning after closing lower last Friday. The discharge of the U.S. President from hospital generated a sort of relief in the markets, Oil Price writes

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