oil

SAPM Nadeem Babar says price needed to be increased to reduce circular debt

Expectations US crude inventories edged lower last week provide support

Sentiment bolstered by expectations OPEC+ will extend deal to restrain output

Renewed lockdowns in several countries to limit spread of virus cap gains

Crude contracts jump $1 after Pfizer finds its Covid vaccine 95% effective

All eyes are on OPEC+ technical meeting being held today

US firm Moderna says its experimental vaccine is 94.5% effective in preventing Covid-19

Both crude contracts soared over 10% this week on hopes Covid could be brought under control

US crude stockpiles fall 5.1m barrels to about 482m barrels

Crude contracts jumped 8% on Monday in biggest daily gains in more than five months

Prices come under pressure from renewed lockdowns in Europe to contain rise in virus cases

Italy records highest daily number of Covid-19 infections, cases surge at least 120,276 in US

Court battle over results can cause additional uncertainty in crude market

Claim viewed as bullish for oil because of Iran sanctions, support for OPEC oil cuts

Concern over surging coronavirus cases around the world caps further gains

OPEC and allies will be monitoring deteriorating demand outlook closely

Rising coronavirus infections in US, Europe stoke weaker fuel demand worries

Producers have shut 293,656 bpd of oil output due to Hurricane Zeta

Crude got support from Putin’s comments as he did not rule out extending oil output cuts

High inventories signal deteriorating demand outlook as virus cases soar

Spike in global Covid-19 cases fuels fears of stalled oil demand recovery

Crude contracts have been trading in $2-2.5 per barrel range for two weeks

Prices found some support from hopes of US fiscal package

Some European countries reviving curfews, lockdowns to fight surge in new virus cases

Some European countries reviving curfews, restrictions to arrest rise in new virus cases

OPEC cut oil demand forecast, citing economic dislocations caused by virus

China bought 11.8 million bpd of oil in Sept, up 17.5% from Sept last year

Libya’s production expected to rise to 355,000 bpd after lifting of force majeure at largest oilfield

Support comes from supply cuts in the Gulf of Mexico, offshore workers’ strike in Norway

Prices dip after Trump ended talks on economic aid package

Rally in world stock markets, expectations of new US stimulus package also boost oil

Prices slumped more than 4% on Friday following Trump’s diagnosis

CM asks environment dept to expedite EPA study, NOC process

Rising global oil output threatens to overwhelm weak price recovery

Prices receive support from progress in US talks on stimulus package

Rising number of new corona cases in US, Europe limits upside potential for oil

Crude prices on track for first monthly fall since April

MNAs accuse them of using force against protesters demanding their rights

Fuel demand in the US remains subdued as pandemic limits travel

Halt to furnace oil supply via APL pipeline leads to revenue shortfall claims

Stocks of gasoline and distillate fuel drop while crude inventories rise

Firms slashed output by 35% in spring as lockdowns destroyed travel need

Crude benchmarks set for weekly gains after Riyadh asked allies to stick to quotas

IEA says uptake of remote working dampens fuel demand

Prices supported by impending storm that has disrupted US oil output

Earlier, experts had advised govt against hedging as global prices were volatile

Both crude benchmarks are down 6% for the week

US crude stockpiles rise 3m barrels with coronavirus cases increasing in several states

Rebound in Covid-19 cases in some countries undermines hopes for demand recovery

Officials work to assess any damage to the environment from the incident