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Industry Insight

  • June 4th, 2020

Oil prices fall on doubts over output cuts, surging U.S. diesel inventories

Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend record output cuts, heightened by worries over a huge build in U.S. distillate inventories.

  • June 3rd, 2020

Oil gains, with Brent above $40, as hopes rise for output cuts, recovery

Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.

  • June 2nd, 2020

Oil prices rise ahead of OPEC+ meeting on extended output cuts

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.

  • June 1st, 2020

Oil prices edge up ahead of upcoming OPEC+ meeting

Oil prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.

  • May 29th, 2020

Oil falls but set to post biggest monthly rise in years on output cuts

Oil prices edged lower on Friday, set to post their first weekly fall in five weeks, after U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.

  • May 28th, 2020

Oil falls as surprise U.S. stock build douses demand recovery hopes

Oil prices plunged on Thursday after U.S. industry data showed a surprise steep build in crude oil inventories, dampening hopes of a smooth recovery in demand as some countries begin to ease their way out of coronavirus lockdowns.

  • May 27th, 2020

EUROPE POWER – Prompt prices down on increased wind power generation

European wholesale spot power prices for day-ahead delivery tumbled on Wednesday on the back of a forecast rise in renewables power generation while electricity demand is expected to fall. ›

  • May 27th, 2020

Oil falls on demand concerns, tensions over Hong Kong

Oil prices fell on Wednesday as concerns over how quickly fuel demand will recover tempered an easing of lockdowns to halt the spread of coronavirus, while U.S.-China tensions added to negative sentiment. ›

  • May 26th, 2020

Oil prices climb as faith grows that suppliers will meet pledge to cut output

Oil prices rose on Tuesday, supported by growing confidence in the market that producers will come good on commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns eased around the world.

  • May 22nd, 2020

Oil falls as China omits 2020 growth target amid pandemic

Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world’s second-largest oil user.

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