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Tag: oil crude
US Crude Oil Futures Plunge to 1986 Low on Scant Storage, Weak Demand
2020-04-20 18:00:00| OGI
U.S. crude futures hit a low of $10.01/bbl, the lowest since 1986. Analysts said the sell-off was exaggerated by the contract's imminent expiry.
Is Crude Oil Storage on Vessels the Answer?
2020-04-01 18:00:00| OGI
As demand for crude oil falls and storage tanks around the world fill up, there is a temptation to turn to tankers for storage.
Booking Frenzy Sends Oil Tanker Rates Soaring As OPEC Opens Crude Taps
2020-03-12 15:37:53| OGI
Freight charges from the Middle East to China doubled overnight.
Saudi Arabia Slashes April Crude Oil Prices After OPECs Supply Pact Collapsed
2020-03-08 03:45:31| OGI
Saudi Arabia slashed its official selling price (OSP) for April for all its crude grades to all destinations, after OPECs oil supply cut pact with Russia fell apart on March 6, sending oil into a tailspin.
68% of primary energy imports to US in 2018 was crude oil; 48% of US energy exports were petroleum products
2020-02-18 10:55:34| Green Car Congress
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