You Searched For "oil supply glut" and got 20 results
Sort By:
Oil demand will rebound sharply in 2021, surpassing pre-virus levels, OPEC says
While demand for OPEC-sourced oil will soar next year, world oil demand will fail to return to its …
Ben Winck
Oil climbs as US reduces its production forecasts for the next 2 years
President Trump on Tuesday tweeted that rising oil prices are a good sign for the US, making energy…
Carmen Reinicke
Oil could hit negative $100 per barrel next month according to one analyst
"Will we hit -$100/bbl next month? Quite possibly," Paul Sankey, managing director of Mizuho Securi…
Carmen Reinicke
Sub-zero WTI crude prices mean nothing for India — the impact could even be negative, says expert
One would think that World Texas Intermediate (WTI) Crude’s futures prices falling below $0 — to mo…
JPMORGAN: The struggling oil market finally stabilized, but recovery will take up to 3 months
Demand won't reach pre-outbreak levels until November 2021 due to the coronavirus' lasting impact o…
Ben Winck
Traders piled $1.6 billion into an oil ETF last week — right before prices went negative for the first time in history
Last week's inflows to the United States Oil Fund, or USO, were the best on record for the ETF sinc…
Carmen Reinicke
Brent Drops Towards Five-year Low Near $57, Supply Glut Weighs
Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more th…
Stefano Pozzebon,Reuters
Saudi Aramco's stock just recovered to its level before the oil price war
The state-led Saudi Aramco is the first major oil producer to have its stock price recover from the…
Carmen Reinicke
Chinese oil demand has reportedly almost rebounded to pre-pandemic levels
Gasoline and diesel are leading the oil recovery, as commuters are choosing to drive rather than us…
Saloni Sardana
Oil prices surge to 2-month high on hopes of demand rebounding and output cuts paying off
Investors also cheered early evidence of a global economic recovery from the coronavirus pandemic a…
Saloni Sardana
Dow climbs 400 points as oil prices stabilize
WTI crude oil continued to rebound on Wednesday after falling into negative territory at the beginn…
Carmen Reinicke
Dow climbs 457 points as oil rallies from historic lows
WTI crude oil continued to rebound on Wednesday after falling into negative territory at the beginn…
Carmen Reinicke
The battered $700 billion US energy industry is now worth roughly half of Microsoft amid oil's record plunge
Microsoft is in the elite group of tech companies that have beaten the broader market as coronaviru…
Carmen Reinicke
Dow tanks 632 points as oil's record-breaking plunge sends traders fleeing to safety
Stocks capped off a second straight day of losses as oil-storage concerns continued a historic rout…
Ben Winck
'Bears are out for blood': Oil plunges 21% to a 2-decade low as coronavirus shatters demand
The WTI price for May delivered had touched as low as $14.47 on Sunday before slightly recovering t…
Saloni Sardana
'If oil were free it would be good for us': Warren Buffett predicted $0 oil would help consumers but clobber industries
"Some very tough things happen to the economy fairly quickly and the benefits just keep kind of flo…
Theron Mohamed
Oil jumps 7% as investors see 'light at the end of the tunnel' with coronavirus lockdowns slowly lifting
Several US states are moving to ease their lockdowns, with non-essential businesses and beaches reo…
Saloni Sardana
'This is crunch time': Goldman Sachs analysts explained why oil plunged below $0, and warned it could happen again
"While it was a very technical, idiosyncratic event isolated to Cushing, Oklahoma, the press covera…
Theron Mohamed
Tiny hedge funds gained as much as 500% last quarter as their bets against US shale paid off
Saltstone Capital, Kalkriese Capital Partners, and Exo Trading posted big gains as oil prices tanke…