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 | Sep 15, 2019 | Benchmark Oil Price
Benchmark Oil Price Has Its Highest Increase Ever! The crude oil benchmark recorded its largest ever rise in intraday business to more than $ 71 a barrel on Monday (September 16th) after a strike against a Saudi Arabian oil company struck around 5 percent of global...
by Thanvir | Jul 17, 2019 | Uncategorized
The UAE is planning to launch regional oil benchmark The UAE government-led ADNOC, long regarded as one of the Middle East’s most conservative oil companies, plans to revise its trading activities to mimic the success of large oil companies and strengthen its...
by Thanvir | Jul 3, 2019 | Benchmark Oil Price
Tension puts oil price benchmark into reverse The price of oil plummeted nearly 4 percent as fears of a weakening demand overshadowed the agreement of some of the world’s largest producers to continue limiting their production. Brent crude, the global oil...
