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Tag: oil
OPEC and BP Sign Pessimism in Oil Markets
Right here’s what it’s good to know: The Group of the Petroleum Exporting International locations stated Monday that it was reducing again barely its forecast for demand for crude for…
BP Says Oil Demand Could Have Already Peaked. Why That’s Not Dangerous Information For Traders.
Textual content dimension Agence France-Presse/Getty Photos BP projected Monday that international oil demand could have already peaked, marking the most recent improvement within the supermajor’s technique to transition away from…
Oil Sinks With Equities on Wavering Hopes for Demand Pickup
(Bloomberg) — Oil tumbled beneath $40 a barrel for the primary time in a month, with a sell-off in equities and a stronger greenback exacerbating demand considerations as a lackluster…
Oil costs fall, with a weekly drop in U.S. crude provides offset by a post-hurricane restoration in Gulf output
Oil futures declined on Wednesday, failing to search out help from a hefty weekly drop in U.S. crude provides and manufacturing as output within the Gulf of Mexico has seen…
Russia’s August oil and gasoline condensate output rises 5{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} to 9.86 mln bpd -Ifax
Adds element, background MOSCOW, Sept 2 (Reuters) – Russia’s oil and gasoline condensate manufacturing rose by 5{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} in August to 41.7 million tonnes, or 9.86 million barrels per day, (bpd)…