Oil prices edged lower on Friday, dragged down by concerns that a spike in Covid-19 cases in the United States and Europe will continue to drag on demand in two of the world’s biggest fuel-consuming regions.
With the price of Brent crude trading in a narrow – and low – range since the covid crisis, now that we live in a work from home world where demand for gasoline, oil and energy is far less than before March…
Sadara Chemical Company (Sadara) recently received the second batch of student interns as part of its internship programme for this year.
Oil has come under pressure despite a fairly constructive EIA report yesterday.
US equities climbed on Friday after an advance reading of September retail sales showed stronger-than-expected growth.
Oil futures lost ground Friday, with the U.S. benchmark clinging to a small weekly gain, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude.
For the week ending October 9th, the rig count was still off over 60% Y/Y; it rose modestly week over week.
Indian oil demand is still a while away from reaching pre-pandemic levels, Minister of Petroleum & Natural Gas and Minister of Steel Dharmendra Pradhan said Oct. 13, admitting that some energy projects are also facing delays.
Asia-Pacific and Middle East LPG prices have rallied this week on recovering demand from China and India, North Asian buyers stocking up until February due to a severe winter weather forecast and domestic demand emerging in Saudi Arabia, traders said Oct. 16.
There are fewer mostly natural gas utilities or local distribution companies (LDC) to choose from than mostly electric utilities.