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May
. 13, 2020
Asian Oil Consuming Countries Step up Buying
At present, the epidemic situation of new pneumonia in Asian countries has been better controlled than in other parts of the world, economic activities have begun to recover, and oil demand has increased.
May
. 13, 2020
Global Physical Crude Oil Prices Generally Rebound
The physical crude oil market was indeed boosted by the Organization of the Petroleum Exporting Countries (OPEC) and its allies and North American oil-producing countries.
May
. 09, 2020
Oil and Gas Industry Predicts 2020 Spending Will Be Reduced by 85 Billion US Dollars
GlobalData, a data and analysis agency, said that in order to protect the balance sheet, maintain shareholder dividends and retain cash, oil and gas companies have entered a survival mode and reduced forecast expenditures.
May
. 08, 2020
Increased U.S. Inventory Once Again Raised Market Supply Concerns
As demand declined, US crude oil inventories increased, and investors were concerned about the risk of oversupply of oil.
May
. 06, 2020
Double-Digit Increase in Oil Prices due to Slowdown in U.S. Crude Oil Inventories
On April 29, oil prices soared by more than 10%. The increase in crude oil inventories announced by the US last week was lower than expected, and gasoline inventories unexpectedly fell. With the blockade measures, fuel consumption will recover.
May
. 06, 2020
US Oil Price Rebound
Oil prices have climbed after falling more than a quarter in the past two days, and volatility may continue, as the market is worried that as investors and a major fund withdraw from the June contract, oil prices may fall below zero again.
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