Crude oil futures traded in a narrow range to end slightly lower on Monday as the global demand outlook remains uncertain and Libya announced a possible output resumption. However, a storm which halted the crude production in the U.S. Gulf of Mexico region tempered losses. Hence, Brent crude slipped by 22 cents, or 0.6%, to settle at $39.61 a barrel, while U.S. WTI crude futures were down 7 cents, or 0.2%, to end at $37.26 a barrel.
read more... 15/09/2020
US industry report showed a significant build in stockpiles on Thursday, weighing on oil prices. In addition a slide in gasoline and distillate demand also put pressure on crude market. Thus, Brent crude ended 1.8% lower to settle at $40.06 a barrel. Meanwhile, the American WTI dropped nearly 2% to $37.30 a barrel.
read more... 11/09/2020
Deutsche Bahn will test a train running on eco-diesel, which allegedly reduces carbon dioxide emissions by 90%
read more... 10/09/2020
Crude oil futures fell on Monday after Saudi Aramco slashed its October official selling prices for crude supplies to Asia and the U.S. As a result, Brent crude for November 2020 delivery dropped by 1.5% to settle at $42.01 a barrel. At te same time, U.S.WTI crude shed by 1.7% to end at $39.08 a barrel.
read more... 08/09/2020
Oil prices ended slightly lower to flat on Friday as Hurricane Laura, which hit the U.S. Gulf Coast, caused less damage than feared on refineries, allowing infrastructure to start the recovery process. Hence, Brent crude stagnated at $45.05 a barrel, while U.S. WTI crude lost 0.2% to end at $42.97 a barrel. However, on a weekly basis, Brent and WTI rose by 1.5% and 1.6% respectively, as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic.
read more... 31/08/2020