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Big News Network (UAE) 07/01/2020 14:14
Incitec Pivot CEO steps up cheap gas push amid oil market rout.
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Benzinga 07/01/2020 12:11
Midway through trading Wednesday, the Dow traded up 0.01% to 25815.97 while the NASDAQ rose 0.66% to 10125.00. The S&P also rose, gaining 0.38% to 3,112.01. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 2,636,530 cases with around 127,420 deaths. Brazil confirmed a total of over 1,402,040 COVID-19 cases with 59,590 deaths, while Russia reported a total of at least 653,470 confirmed cases and 9,520 deaths. In total, there were at least 10,498,090 cases of COVID-19 worldwide with over 511,850 deaths, according to data compiled by Johns Hopkins University. Leading and Lagging Sectors. Real estate shares climbed 1.7% on Wednesday. Meanwhile, top gainers in the sector included Empire State Real.
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Rigzone.com 06/30/2020 16:49
In another bright spot for the oil market, China’s recovery is continuing with manufacturing data for June beating estimates, pointing to stronger demand from the world’s largest consumer.
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newKerala.com (India) 06/29/2020 23:09
Business India News: Greed for revenue keeps petrol, diesel prices high even in low oil price market - The economic crisis triggered by the Covid-19 pandemic has once again shifted attention of both the Centre and the states towards the oil sector to generate additional revenue for meeting the spending needs for exigencies....
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WorldOil 06/29/2020 08:38
India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC.
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Zero Hedge 06/28/2020 09:20
Russia Benefiting from Oil Market Turmoil. Sun, 06/28/2020 - 09:20. An interesting couple of posts from Southfront.org this week gives us some insight as to what’s happening in international oil markets. Demand for Russian Urals grade oil is so strong that is has been trading at a pretty steep premium to Brent Crude this month. This means that the Russian Urals crude is trading at a premium to the European benchmark Brent.
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OilPrice.com 06/25/2020 20:00
Oil market analysts and investors seem to forget that current economic figures, which are already extremely bad, are possibly only the tip of the iceberg.
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Financial Post (Canada) 06/25/2020 06:23
LONDON -- Energy trader Mercuria sees the oil market in deficit in July with stock draws reaching about 2 million barrels per day (bpd) as the world economy revives after coronavirus lockdowns, its chief executive told a Reuters webinar on Wednesday.
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Oil & Gas Lawyer Blog 06/22/2020 10:53
From Bloomberg Opinion: “The International Energy Agency … doesn’t think demand will have fully recovered by [the end of 2021]. In the final quarter of next year it predicts global oil demand will still be running about 2 million barrels a day below pre-pandemic levels, and more than 4% below where it might reasonably have […]
API - SmartBrief 06/22/2020 09:45
The oil market is now, for the first time in several months, finding its stability," says Trafigura Group co-head of oil trading Ben Luckock.
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ITAR-TASS (Russia) 06/16/2020 15:13
Global oil market remains highly volatile, Russian Energy Ministry says - Business & Economy.
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