Energy News Results

  • Pandemic brings forward predictions for peak oil demand

    The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world's demand for oil may peak. The rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand.

  • BRIEF-Ice Announces That A Record 18,848 Murban Crude Oil Futures Contracts Traded On April 20

    Intercontinental Exchange Inc (ICE): * ICE ANNOUNCES THAT A RECORD 18,848 MURBAN CRUDE OIL FUTURES CONTRACTS TRADED ON APRIL 20. * Intercontinental Exchange Inc (ICE) - 132,450 CONTRACTS TRADED IN TOTAL ON ICE FUTURES ABU DHABI SINCE LAUNCH Source text for Eikon: Further company coverage:

  • TABLE-UAE's Fujairah oil inventory data for week ended April 19

    Fujairah Oil Industry Zone on Wednesday published the following weekly inventory data for oil products for the week ended April 19, according to industry information service S&P Global Platts.

  • Oil prices drop as India's COVID-19 surge dents demand outlook

    Oil prices fell for a second day on Wednesday, heading for their biggest daily drop in more than two weeks and weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer. Brent crude futures for June declined $1.14, or 1.7%, to $65.43 a barrel at 1250 GMT.

  • Oil hits $68 on Libya force majeure despite pandemic surge

    * Libya declares force majeure on Hariga port. * One year since WTI sank to minus $40.32 on massive glut. * Coming up: API oil inventory report, 2030 GMT. By Alex Lawler. Oil rose to $68 a barrel and hit its highest in a month on Tuesday, supported by disruption to Libyan exports and expectations of a drop in U.S. crude inventories, though rising coronavirus cases in Asia limited gains.

  • Oil drops from one-month highs on demand fears as virus surges in India

    Crude futures settled lower on Tuesday, pulling back from one-month highs, on fears that India, the world's third-biggest oil importer, may impose restrictions as coronavirus infections and deaths surge to record highs. Oil prices have risen steadily this year on anticipation that demand would recover, but while the United States and China are rebounding, numerous other countries are not.

  • Oil climbs as dollar slumps; gains capped by pandemic surge

    Oil prices edged higher on Monday, supported by a weaker U.S. dollar but gains were capped by concerns about the impact on demand from rising coronavirus cases in India. Brent crude settled up 28 cents, or 0.4%, at $67.05 a barrel, after rising 6% last week. The U.S. dollar traded at a six-week low versus major peers on Monday, with Treasury yields hovering near their weakest in five weeks.

  • Clean crude? Oil firms use offsets to claim green barrels

    - In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.

  • INSIGHT-Clean crude? Oil firms use offsets to claim green barrels

    In January, Occidental Petroleum (OXY) announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.

  • Oil nudges down but secures weekly gain on recovery hopes

    NEW YORKa -Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies. Brent crude settled down 17 cents, or 0.3%, at $66.77 a barrel.

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