by Thanvir | Jan 14, 2021 | Benchmark Oil Price
Brent Crude To Average $50 in 2021 Brent crude, the world’s largest oil price benchmark, is likely to hit an average of nearly $ 50 a barrel this year as countries face the logistical challenge of deploying the vaccines necessary to quell the COVID-19 pandemic....
by Thanvir | Jan 13, 2021 | Benchmark Oil Price
“Saudi Arabia in particular is ensuring through its additional voluntary production cuts that the market is undersupplied if anything” Eugen Weinberg, Commerzbank “We advise investors with a high risk tolerance to be long Brent or to sell its...
by Thanvir | Oct 6, 2020 | crude oil bids offers
LONDON, Oct 6 (Reuters) – North Sea Forties crude ticked up on a higher bid from Alta, while Ekofisk fell as BP and Vitol offered to sell for less. LIVE CRUDE OIL BIDS OFFERS * Indications are on a fob basis unless marked as cif. * Forties: Alta bid at dated...
by Thanvir | Jun 4, 2020 | Benchmark Oil Price, Uncategorized
BP has started evacuating workers from three platforms in the Gulf of Mexico and shutting down production as tropical storm Cristobal approaches the area before landing in Louisiana this weekend. Reuters reports that the platforms that are being evacuated are Thunder...
by Thanvir | May 21, 2020 | Benchmark Oil Price, Oil Price Reporting Agency
The physical crude oil markets signal a rapid shift from a huge oversupply at the peak of the coronavirus locks in April to an expected under-supply in the second half of the year. Brent’s six-week calendar spread shrank to less than 70 cents a barrel from more than $...
