Vaccine Hopes Rekindle Oil Prices for the Third Week
Brent crude futures gained 28 cents or 0.6%, at $44.46 a barrel at 1027 GMT, and were on track for a third consecutive weekly rise following successful COVID-19 vaccine trials,…
Demand Uncertainties and Libyan Production Dampening Oil Prices
Oil prices declined on Monday, extending the losses sustained last week after the resurgent of the coronavirus pandemic in the U.S. and Europe and Libya’s growing production, according to Reuters.…
OPEC Crude Oil Prices Falls in September, Cuts Outlook
Spot crude oil prices averaged lower in September, after gains in four consecutive months, according to press release. September declines as a result of softening recovery of physical crude market…
Devastating Hurricane Delta Winds Disrupt U.S. Oil Refineries
Oil refineries equipment was destroyed and export ports closed as destructive Category 2 Hurricane Delta winds and storms traveled far from its center according to Reuters. Power lines were shut…
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