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Fears over the second wave of coronavirus threaten oil prices

    Fears over the second wave of coronavirus threaten oil prices

Worried about the possibility of the second wave of coronavirus, investors started shedding their assets, which led to a more than 3% drop in oil prices worldwide. Both the ICE

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Energy market news

    Energy market news

On Saturday, representatives of the countries included in the OPEC+ cartel managed to agree on the extension of the restrictions on oil production. It also became known that those countries

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Brent price grows up to $ 40.12 per barrel due to signals of reduction production

    Brent price grows up to $ 40.12 per barrel due to signals of reduction production

Brent crude oil price has increased today, WTI crude oil is in equilibrium. Both assets have finished the week with the growth (for six weeks  in a row). The reason

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OPEC+ countries are possible to extend May restrictions for another two months

    OPEC+ countries are possible to extend May restrictions for another two months

A reputable publication The Wall Street Journal has published the information about the possible extension of production restrictions by OPEC+ countries. It should be noted that the restrictions, which were

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Oil grows due to the balance expectations

  Oil grows due to the balance expectations

The energy market ended the week in a “green zone”. The American WTI crude oil showed two-month highs on Friday.

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While oil production reduces around the world, Brazil increases export

  While oil production reduces around the world, Brazil increases export

Petrobras, a Brazilian state-owned oil and gas corporation, has  released April reports. It became known that in a month the

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OPEC+ agreement to cut production came into force

  OPEC+ agreement to cut production came into force

May 1 has come. Market participants have been waiting for this day, because on this very day the OPEC+ countries

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WTI crude oil falls due to the fear of the lack of storage

  WTI crude oil falls due to the fear of the lack of storage

Today, the WTI crude oil is plummeting. The fall has amounted to 15%.The investors’ desire to get rid of futures

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Energy Market News

  Energy Market News

Today’s session began for “black gold” with a fairly significant decline in quotations. The asset is getting cheaper because the

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Oil recovers due to the news about drilling stop in the US

  Oil recovers due to the news about drilling stop in the US

This week, “black gold” seems to get crazy. Oil futures of the American WTI crude oil have shown negative values.

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