LONDON, Aug 3 Hedge funds turned less bullish on petroleum at the end of July amid anticipated rises in OPEC+ production and growing concerns about the impact of resurgent coronavirus infections on the global economic outlook.
LONDON Hedge funds turned less bullish on petroleum at the end of July amid anticipated rises in OPEC+ production and growing concerns about the impact of resurgent coronavirus infections on the global economic outlook.
LONDON Slumping oil and gas prices as a result of the pandemic and the volume war earlier in the year between Saudi Arabia and Russia have slashed employment in the U.S. oil and gas fields at some of the fastest rates on record.
LONDON, July 30 Bloated U.S. crude inventories are finally on a diet, after the surge of imports from Saudi Arabia, loaded at the height of the volume war with Russia in March and April, finished discharging in the middle of July.
LONDON Bloated U.S. crude inventories are finally on a diet, after the surge of imports from Saudi Arabia, loaded at the height of the volume war with Russia in March and April, finished discharging in the middle of July.
LONDON, July 28 Worsening diplomatic relations between the United States and China are putting a spotlight on their economic inter-dependency in the context of global supply chains for both technology and energy.
LONDON Worsening diplomatic relations between the United States and China are putting a spotlight on their economic inter-dependency in the context of global supply chains for both technology and energy.
LONDON Hedge funds continued buying oil last week, but the focus switched from crude to previously-neglected refined products, where cautious positioning and very low refinery margins may offer more upside potential.
LONDON U.S. refiners dialled back crude processing for a second week running, responding to lower consumption of all three major fuels.
LONDON The abrupt closure of China’s consulate in Houston marks the latest incident in a rapidly escalating conflict between China and the United States.
U.S. Defense Secretary Mark Esper expressed concerns about Beijing's "destabilizing" activity near Taiwan and the South China Sea in a call with Chinese Defense Minister Wei Fenghe, the Pentagon said on Thursday.