Oil price is on the rise again at the news from the EIA, the US Energy Information Administration, that the US crude oil inventories are o...

  Oil price regained its position just over $40, despite the gloomy forecast about a prolonged bearish trend in the light of the second wave...

  Oil price is in bearish territory again, perhaps owing to the fresh outbreaks of coronavirus infections in Europe. The new infection rat...

  The production cuts by the OPEC+, coupled with continuous inventory draws, are going to stabilize the oil prices according to the latest r...

  Global oil prices are to seesaw around $40.00 a barrel for some time owing to yet another supply glut. The EIA, the US Energy Informatio...

India saved more than 685 million US dollars by going on an accelerated buying spree during April-May period, while cashing in on the record...

  Oil prices continue to soar as the markets approached the weekend. The slight reduction of the US oil inventories may have played its usua...

  Hurricane Sally fizzled out without causing the anticipated, dreadful destruction along the US Gulf Coast. The mood of relief, however,   ...

  The shocking announcement by the oil giant BP that the oil would never recover to the level that the markets were aspiring for, was the la...

  Hurricane Sally, which was downgraded to Category 1 on Tuesday, slowly makes its inward journey, causing serious flooding in the region ar...

  The traffic data gathered by Reuters, based on TomTom traffic indicators, clearly show an upward trend in traffic in London, Paris and New...

The EIA, US Energy Information   Agency, says in its latest report that fossil fuel, including petroleum, natural gas, and coal, formed the ...

We may not be out of the woods yet, as far as the once-in-a-century pandemic is concerned. The world, however, had witnessed the worse bef...

The oil rig count in the US fell by 2 this week, according to weekly data from Barker Hughes on the subject. It may seem a small number at f...

These are the factors that stalled the recovery of crude oil market, when the analysts and investors thought effect of Covid 19 was behind t...

  Oil price has been seesawing worryingly in the last few days, reflecting the volatile nature both in the political and economic realms, pa...

  Oil price has stalled and the stagnation, coupled with gloomy outlook on many other fronts, have left economists and analysts in limbo, as...

As Saudi Arabia cut oil price for Asian region on the grounds of faltering demand, Reuters reports more bad news for the market. According t...

  The investor lethargy continues in the oil markets in proportion to the degree of negative sentiment that looms over it. The early drop ...

The uncertainty that hangs over the oil markets shows no sign of abating. The Chinese crude oil stocks do not diverge from storage facilit...

Even before the forecast by the EIA of impending drop in price at the pumps during the US Labour weekend, the price of the commodity had bee...

It doesn't come as a surprise owing to the lower demand and economic  uncertainties across the globe, involving all major economies. T...

The data clearly shows that the imports were far below the estimated values for August - for obvious reasons. The analysts, however, are p...

 Usually, the drop in US crude oil inventories ia a health sign of demand going up, if other main factors support the trend. The sharp drop ...

    The EIA, citing the commercial flight data from Cirium, says that the demand for jet fuel has recovered faster than we all feared ...

  According to a survey carried out by Reuters, listening to some analysts and economists, most of the people in the field think it's hi...

 In the absence of a major international event, especially related to terrorism or stemming from a simmering political issue in the Middle E...

Despite the relatively steady oil price in the global market, the large oil firms in China and Saudi Arabia have recorded massive losses. Du...