Hurricane Outages Provide Temporary Relief For Oil Markets  OilPrice.comView Full coverage on Google News
Oil prices rose on hurricane outages on Tuesday morning, although the release of the OPEC and IEA monthly market reports did little to shake the long-term bearish sentiment in oil marketsOil prices rose on hurricane outages on Tuesday morning, although the release of the OPEC and IEA monthly market reports did little to shake the long-term bearish sentiment in oil markets

Hurricane Outages Provide Temporary Relief For Oil Markets | OilPrice.com

The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.

IEA says oil market more fragile as resurgent virus hurts demand - BNN Bloomberg

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Continuing rise in cases presents 'the most likely shock that the oil market needs to be considering in the next 12 to 24 months'

'The path ahead is treacherous': Oil industry paints grimmer picture of pandemic's harm to demand | Financial Post

'The path ahead is treacherous': Oil industry paints grimmer picture of pandemic's harm to demand | Financial Post

Bloomberg - Are you a robot?

A string of better than expected economic data from the world's two largest oil consumers, the U.S. and China, fanned optimism that the economic recovery ...A string of better than expected economic data from the world's two largest oil consumers, the U.S. and China, fanned optimism that the economic recovery ...

Asia Oil: Latest economic data confounding estimates

BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.

'Farewell, fossil fuels'? What oil's demise will do to the world's leading economies | TheHill

BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.BP predicts that world oil demand could peak by the early 2020s — meaning oil giants could be in deep trouble.

'Farewell, fossil fuels'? What oil's demise will do to the world's leading economies | TheHill

Oil prices rose on Tuesday afternoon after the API reported a significant draw in commercial crude inventoriesOil prices rose on Tuesday afternoon after the API reported a significant draw in commercial crude inventories

Oil Rises On Major Crude Draw | OilPrice.com

The United Arab Emirates (UAE), currently OPEC’s third-largest producer, breached its OPEC+ oil production quota by a massive 520,000 barrels per day (bpd) in August,The United Arab Emirates (UAE), currently OPEC’s third-largest producer, breached its OPEC+ oil production quota by a massive 520,000 barrels per day (bpd) in August,

OPEC’s New Headache Is Its Third-Biggest Producer | OilPrice.com

Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic.Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic.

Oil rises over 2% as U.S. Gulf Coast braces for hurricane | Reuters

Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday.Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday.

OPEC cuts oil demand forecasts, BP sees ‘peak oil’ in 2020s | Globalnews.ca

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Crude prices rose on Tuesday morning, fueled by production outages in the Gulf of Mexico, but kept in check by concerns about the global demand recoveryCrude prices rose on Tuesday morning, fueled by production outages in the Gulf of Mexico, but kept in check by concerns about the global demand recovery

Oil Prices Rise On Hurricane Outages | OilPrice.com

Southern Alberta Oil Well Oil prices rose on Tuesday, but forecasts of a slower than expected recovery in global fuel demand due to the coronavirus pandemicOil prices rose on Tuesday, but forecasts of a slower than expected recovery in global fuel demand due to the coronavirus pandemic weighed. U.S. West Texas Intermediate (WTI) crude futures were up 52 cents, or 1.4%, at $37.78 a barrel. Brent crude was up 44 cents, or 1.1%, at $40.05 a barrel by

Oil rises but bleaker demand outlook weighs | BOE Report

Persistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures saidPersistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures said on Monday. The Organization of the Petroleum Exporting Countries (OPEC), energy giant BP and commodities trading giant Vitol all made grim

Oil industry sounds alarm on coronavirus dent in demand | BOE Report

Tuesday’s close puts the December WTI crude oil futures contract in a position to take out $39.22, confirming the closing price reversal bottom.Tuesday’s close puts the December WTI crude oil futures contract in a position to take out $39.22, confirming the closing price reversal bottom.

Via Reuters US crude futures rising on the shutdowns as Hurricane Sally approaches. By Giles CoghlanVia Reuters US crude futures rising on the shutdowns as Hurricane Sally approaches.

A quarter of US Gulf of Mexico output offline as hurricane advances

Colombia’s state-held oil firm Ecopetrol, which has a strategic alliance with Occidental Petroleum to develop acreage in the PermianColombia’s state-held oil firm Ecopetrol, which has a strategic alliance with Occidental Petroleum to develop acreage in the Permian

Colombia’s Oil Major Plans To Drill 100 Wells In The Permian | OilPrice.com

The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 9.5 million barrels for the week ended Sept. 11, according to...The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 9.5 million barrels for the week ended Sept. 11, according to...

API data show a weekly drop of more than 9 million barrels in U.S. crude supplies, sources say - MarketWatch

OPEC downgraded its outlook for the global oil market a few days before ministers meet, amid faltering demand and signs of a recovery in supply from U.S. shale drillers.OPEC downgraded its outlook for the global oil market a few days before ministers meet, amid faltering demand and signs of a recovery in supply from U.S. shale drillers.

OPEC sees weaker outlook as demand falters, shale recovers

The threat of a hurricane to America's coastal refineries has oil prices surging on the threat to fuel supplies. But this temporary boost can't fix the structural problems American oil companies face.The threat of a hurricane to America's coastal refineries has oil prices surging on the threat to fuel supplies. But this temporary boost can't fix the structural problems American oil companies face.

Crude Oil Prices Are Surging: It's Not Worth Investing In | The Motley Fool

For a second consecutive month, the International Energy Agency (IEA) cut on Tuesday its forecast for global oil demand this yearFor a second consecutive month, the International Energy Agency (IEA) cut on Tuesday its forecast for global oil demand this year

IEA Cuts Oil Demand Forecast On More Fragile Outlook | OilPrice.com

Royal Dutch Shell shuts its oil platform off Louisiana, joining BP, Chevron Corp and Equinor in closing facilities.Royal Dutch Shell shuts its oil platform off Louisiana, joining BP, Chevron Corp and Equinor in closing facilities.

Hurricane Sally takes quarter of US Gulf of Mexico output offline | News | Al Jazeera

As the Organization of the Petroleum Exporting Countries (OPEC) turns 60 years old this week, the organisation and its 10 allied member countries known as OPEC+ will hold a virtual meeting of its Joint Ministerial Monitoring Committee (JMMC), which is tasked with monitoring compliance of their supply cuts currently standing at 7.7 million barrels per day (bpd).As the Organization of the Petroleum Exporting Countries (OPEC) turns 60 years old this week, the organisation and its 10 allied member countries known as OPEC+ will hold a virtual meeting of its

OPEC seeks to steady the ship as oil demand falls | Arab News

The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.

Oil Demand Has Collapsed; Won't Come Back Any Time Soon : NPR

Barry Lewis/Getty The International Energy Agency revised down its 2020 global oil demand forecast to 91.7 million barrels per day on expectat... Barry Lewis/Getty The International Energy Agency revised down its 2020 global oil demand forecast to 91.7 million barrels per day on expectat...

IEA cuts global oil demand outlook in 2020 to 2013 levels; 'treacherous' path lies ahead for economic recovery | Markets Insider

Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain's BP predicted Monday.Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain's BP predicted Monday.

Has global oil demand hit peak? BP says it's possible

The 13-member bloc of oil-rich nations is turning 60 amid a pandemic that's jeopardizing its very existence. OPEC remains only a pale shadow of its past glory, weakened by infighting within its ranks, the rise of the U.S. as a major oil exporter thanks to a shale boom and a global push for renewable sources of energy amid climate change worries.

OPEC Turns 60: An Oil Cartel on Life Support - EcoWatch

#OOTT | OPEC Sees 2020 World Oil Demand Falling By 9.46Mln BPD (prev 9.06Mln BPD Drop) - Sees 2021 Oil Demand Rising By 6.62Mln BPD (prev 7.0Mln BPD Rise) #OOTT | OPEC: August Oil Output Rose By 760,000 BPD To 24.05Mln BPD As OPEC+ Eased Supply Cut OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout OPEC has cut its forecast for oil demand growth this year, citing a#OOTT | OPEC Sees 2020 World Oil Demand Falling By 9.46Mln BPD (prev 9.06Mln BPD Drop) - Sees 2021 Oil Demand Rising By 6.62Mln BPD (prev 7.0Mln BPD Rise) #OOTT | OPEC: August Oil Output Rose By 760,000 BPD To 24.05Mln BPD As OPEC+ Eased Supply Cut OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout OPEC has cut its forecast for oil demand growth this year, citing a

OPEC Sees 2020 World Oil Demand Falling By 9.46Mln BPD (prev 9.06Mln BPD Drop) | Forex Factory

After prolonged delays, the government had in October 2018 agreed to extend by 10 years the contract for Barmer fields after the expiry of the initial..After prolonged delays, the government had in October 2018 agreed to extend by 10 years the contract for Barmer fields after the expiry of the initial..

Cairn India: Cairn stuck with temporary operational extension for its Barmer oil & gas block, Energy News, ET EnergyWorld

Oil demand quickly recovered part of the lost ground from April when much of the world was in lockdown to slow the spread of the virus.Oil demand quickly recovered part of the lost ground from April when much of the world was in lockdown to slow the spread of the virus.

Oil demand set for slow recovery from virus: IEA | eNCA

Latest IEA outlook shows more fragility in oil market with price per barrel remaining below $42.Latest IEA outlook shows more fragility in oil market with price per barrel remaining below $42.

IEA: Oil market fragile as pandemic continues to hit demand

IN 1973, Arab members of the Opec brought the US economy to its knees. Now, the cartel that turned 60 yesterday is more likely to do Washington’s bidding.IN 1973, Arab members of the Opec brought the US economy to its knees. Now, the cartel that turned 60 yesterday is more likely to do Washington’s bidding.

Once an American foe, now a friend: Opec turns 60 | The Star

•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday...•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday, amid demand worries, as the Organisation of the ...

Oil falls to $39, Nigeria’s output rises – Punch Newspapers

•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday...•OPEC cuts forecast for demand in 2020, 2021 ’Femi Asu The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday, amid demand worries, as the Organisation of the ...

Oil falls to $39, Nigeria’s output rises – Punch Newspapers

Oil prices rose, clawing back some of their losses from recent weeks, with hurricane season limiting supply from the Gulf of Mexico.Oil prices rose, clawing back some of their losses from recent weeks, with hurricane season limiting supply from the Gulf of Mexico.

Oil Prices Rise as Hurricane Season Disrupts U.S. Supply - WSJ

The International Energy Agency expects demand growth for 2021 at 5.5m bpdThe International Energy Agency expects demand growth for 2021 at 5.5m bpd

Oil markets to remain fragile for the rest of 2020, IEA says - The National

Is OPEC’s power over the oil market broken? | BusinessWorld

Femi Asu with Agency report Oil prices rose more than two per cent on Tuesday, supported by hurricane supply disruptions in the United States, but...Femi Asu with Agency report Oil prices rose more than two per cent on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecas...

Oil price rises to $40 – Punch Newspapers

Femi Asu with Agency report Oil prices rose more than two per cent on Tuesday, supported by hurricane supply disruptions in the United States, but...Femi Asu with Agency report Oil prices rose more than two per cent on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecas...

Oil price rises to $40 – Punch Newspapers