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Monday closing sees little change for oil futures

On Monday, crude oil futures settled on a largely mixed note, as U.S. oil moves were pressured further by the growth in coronavirus cases. However,...
Abu Dhabi oil giant lands largest energy agreement of 2020

Abu Dhabi oil giant lands largest energy agreement of 2020

A consortium of global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC). Last month, the Internation Energy...
A price war might be looming the China auto market

Price war might be looming the China auto market

The Chinese auto market saw a surprising recovery last month, logging a 4.4% growth in year-on-year sales. This was after the country relaxed its...
China to expand its oil storage capacity as demand rebounds

China to expand its oil storage capacity as demand rebounds

China is looking to expand its oil storage capacity as the demand for the commodity rebounds with the country slowly easing restrictions within its...

Crude oil markets pull back on uncertain demand, China realignment

Crude oil futures took a hit last May 21, when China realigned its targets for 2020. This resulted in lower trading prices for the...
Surprise production cuts from Saudi Arabia shocked the oil market

Surprise production cuts from Saudi Arabia shocked the oil market

The oil market was rattled after Saudi Arabia, the world's oil giant, announced a voluntary production cut this week. In light of recent events speculated...

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