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Crude Oil - A Barrel of Crude Oil Now Costs As Much As A Latte At Starbucks

27-03-2020 04:18

The price of Canadian heavy crude has fallen so much that it now costs more to ship the oil than to buy it. Industry analysts say that the fact that the cost of shipping crude oil to refineries now ...

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Oil Slides on Renewed Demand Woes

Oil prices slid, paring nearly all of their weekly rebound as traders weighed signs that fuel demand and economic activity could fall even more than feared due to the coronavirus.

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Energy trader Vitol's oil volumes rose 8% in 2019

Chief Executive Russell Hardy said last year's performance was "solid", as the company's traded oil volume hit 8 million barrels per day (bpd), up from 7.4 million bpd in 2018. "Across the barrel, ...

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In oil markets, it’s back to 1998 crisis pricing

London — Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at lower prices not seen since the aftermath of the Asian financial crisis ...

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Oil mixed on stimulus hopes and demands fears

Brent crude LCOc1 was on track for its fifth consecutive ... crisis has forced massive retrenchment in investment by oil and other energy companies. “Unlike the financial markets, the oil ...

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