Browsing Tag

oil

EIA: Oil demand to hit pre-COVID levels in 2021

By Tsvetana Paraskova for Oilprice.com U.S. demand for petroleum and liquid fuels is expected to remain below the 2019 average from before the COVID-crisis until August 2021, despite the uptick in consumption in recent weeks, the U.S.

Who will win the ultimate war for Libya’s oil?

By Jen Alic for Oilprice.com After pushing General Haftar from Tripoli and key surrounding areas, Libya's Government of National Accord (GNA) thought it was game over for the general, but now it finds itself describing the latest

Outlook for oil remains grim despite 90% rally

WTI rose almost 90 percent last month, which is the strongest monthly increase in the U.S. benchmark price ever recorded. Naturally, the news has been cause for joy among those rooting for higher oil prices. But should it? It is true

Turning the page on the age of oil

By Achim Steiner and Francesco La Camera on euractiv.com Governments have a choice: stimulate fossil fuel industries or invest in a more resilient recovery, powered by renewable energy.  This is a once in a generation chance, write Achim…

Oil jittery as Saudi Arabia-Russia talks delayed

Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a deal to cut output as the virus pandemic hits demand. The two countries have been locked in an oil price war for the last month. Traders are…

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