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Last week, the maximum price for Azeri Light CIF oil amounted to $47.16 per barrel, while the minimum - $45.39. The average price of Brent Dated reference grade oil amounted to $43.06 per barrel last ...
The IHS Markit Brent price outlook has been revised upward to an average price of S$42.35/bbl in 2020 and S$49.25/bbl in 2021 – up US$7.09/bbl and US$5.25/bbl, respectively, from the outlook in May.
Last week oil markets ended the week in the negative territory mainly due to concerns for a fall in demand, now there are fears that the current economic recovery could be affected by a second wave of ...
State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices.
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. economic recovery capped ...