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 $...
by Thanvir | Apr 22, 2020 | Benchmark Oil Price, Oil Price Reporting Agency
Brent futures for June delivery fell 15% to trade near $ 16 a barrel, while New York’s West Texas Intermediate fell 5% after losing nearly half its value on Tuesday. Prices continue to plummet as fears that the massive flooding that brought WTI to minus $ 40.32 a...
by Thanvir | Mar 10, 2020 | Benchmark Oil Price, Oil Price Reporting Agency
Royal Dutch Shell and BP lose more than £32bn from their combined market value The oil price war in Saudi Arabia wiped billions of pounds off the market value of the largest companies in the industry after the oil markets experienced one of the largest price drops in...
by Thanvir | Feb 29, 2020 | Benchmark Oil Price, Oil Price Reporting Agency
Former Duopoly Executives Set Up New Oil Price Reporting Agency Two former executives from global oil and commodity price agencies Argus Media and the monopoly that you all love, have founded a new oil price reporting company that is aimed at traders and the entire...
