oil

Covid-19 infection cases cross grim milestone of over 3 million in US

Sixteen US states report record increases, other parts hit by resurgence

National oil company says El Sharara oil field was occupied by Russian security company 25 days ago

Both crude benchmarks rose over 2% a day ago, buoyed by strong US job figures

US crude inventories decline far more than analysts expected

US crude, gasoline stocks fall more than expected while distillate inventories rise

Spike in Covid-19 infections in US states can stall demand recovery

Crude, equities under pressure due to rise in coronavirus cases

Rising number of cases in US, China, Latin America and India unnerve investors

Markets were earlier unsettled after White House adviser said deal was over

Growing cases can stall recovery in fuel demand, outweighing tighter supplies

Signs of recovering demand after being hit by corona crisis also lift prices

Network accused of helping Venezuela's sanctioned state-run oil firm export 40% of its crude in April

Nearest fire station is 15km from the fire site

Both crude benchmarks declined earlier in session after surge in virus cases

Legal experts says no consequential losses allowed in LNG terminal contract; $71 million claim will fail

Prices draw some support from stimulus measures and positive tests of drug

IEA revises up oil demand forecast to 91.7 million bpd for 2020

Coronavirus cases rose to more than 8 million worldwide

Economic data from Beijing fails to live up to expectations

Higher target set at a time when petroleum demand has gone down

Both benchmarks head for weekly declines of over 8% after six weeks of gains

Crude also weighed down by Fed projection US economy will shrink 6.5% this year

Saudi Arabia, Kuwait, UAE not to extend cuts of 1.18 million bpd

The government can’t tell them to become loss makers just to make itself look good

DEO says illegal storage facility was operating without safety measures

Both benchmarks; WTI and Brent, hit highest level since March

Brent has risen 17% since last Friday to three-month high

Market fears meeting of oil producers scheduled on Thursday might not happen

Group considers extending production cuts of 9.7m bpd into July or August

OPEC, Russia discussing to roll over curbs by one to two months

Fears of second wave of coronavirus, worsening US-China ties weigh on market

Benchmarks extend losses over uncertainty about Russia’s commitment for deeper output cuts

Gloomy forecasts over economic impact of pandemic weighs on crude prices

Russia says oil output dropping close to 8.5m bpd for May and June

OPEC+ set to meet in June to discuss maintaining supply cuts to shore up prices

China is set to impose new security legislation on Hong Kong, prompting warning from Trump

Surge comes on back of support from lower US crude inventories, OPEC-led supply cuts and recovering demand

Worries over economic fallout from coronavirus, weak refining margins capped gains

As more countries ease out of curbs imposed to counter coronavirus, economy needs fuel to restart

Positive sentiment prevails as Powell issues optimistic outlook for economic recovery later this year

Oil sectors of Iran and Venezuela, members of OPEC, are both under US sanctions

Signs show demand for crude pick up as China reports increased refinery runs

Brent hovers around $30 per barrel as weak demand picture curbs gains

New outbreaks have been reported in South Korea and China

UAE, Kuwait also announce production cut by a total 180,000 bpd

New output cuts by Saudi Arabia limit price losses

Kuwait follows suit with additional cut of 80,000 bpd

Concern over persistent glut cancels out support from supply cuts by biggest producers

After news that US planned to withdraw two Patriot anti-missile batteries from the Kingdom