NEW YORK Oil edged lower on Friday, falling more than 2% on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks.
NEW YORK Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut.
Sept 15 North Dakota oil production jumped to
more than 1 million barrels a day in July for the first time in
two months but remained below its peak as the coronavirus
pandemic continued to hamper output in the state's Bakken shale
field, a state official said on Tuesday.
SINGAPORE/LONDON/NEW YORK Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy.
* 2021 to see similar drawdowns in global oil inventory as
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NEW YORK The closure of some U.S. oil refineries will have a net benefit to Magellan Midstream Partners LP's refined products pipeline systems, the company's chief executive officer said on Wednesday.
NEW YORK Oil prices dropped on Monday, with Brent slipping from a five-month high as global demand remained below pre-COVID levels while U.S. production edged up.