The most recent WTI drop of 2.9% is the largest in a month. Supply versus demand continues to be a curious topic that is the main driver of the current crude oil situation. Oversupply of crude oil in 2020 continues as just in the past few days in the North Sea there are a combined […]
Read More
With the markets slowly recovering from the COVID-19 pandemic, the oil demand in Asia is starting to return to pre-pandemic levels. Saudi Aramco’s chief executive Amin Nasser said, “We are seeing a partial recovery in the energy market as countries around the world take steps to ease restrictions and reboot their economies”. This positive news […]
Read More
Over the past few months, there has been a lot of negativity in the global fuels market. The price war between Russia and Saudi Arabia, as well as the COVID-19 pandemic are at the top of the list when it comes to driving crude oil prices to historic lows. However, recently there has been some […]
Read More
