Edition:
United Kingdom

Laila Kearney

Oil falls about 2% on Libyan output, COVID-19 demand concerns

23 Oct 2020

NEW YORK Oil fell nearly 2% on Friday, finishing lower for the week, in anticipation of a surge in Libyan crude supply and demand concerns caused by surging coronavirus cases in the United States and Europe.

U.S. crude exports likely to be muted through 2020 as production slides

21 Oct 2020

NEW YORK U.S. crude oil exports are expected to sputter through the end of 2020 due to weak production and unfavorable economics for foreign buyers of U.S. oil, traders and analysts said.

Oil up on U.S. stimulus hopes, rising virus cases keep prices in check

20 Oct 2020

NEW YORK Oil gained more than 1% on Tuesday on the prospect the United States was nearing a deal on coronavirus relief, but the threat to demand from rising COVID-19 cases worldwide and increased Libyan output kept prices from moving higher.

U.S. oil-export projects stall as output slips, opposition builds

08 Oct 2020

NEW YORK The coronavirus pandemic has stalled a once-furious race among energy companies to build deepwater oil export terminals off the Texas coast, amid permitting delays and rising environmental opposition.

Oil ends up on supply issues, nixed U.S. stimulus talks a bearish sign

06 Oct 2020

NEW YORK Oil prices rose more than 2% on Tuesday, supported by expected supply disruptions from a hurricane approaching the Gulf of Mexico and an oil worker strike in Norway.

Oil up 1% on economic hope; virus fears check price gains

29 Sep 2020

NEW YORK Oil prices rose 1% on Monday as global equities rallied on hopes for another U.S. stimulus package, but rising virus cases fed concerns about fuel demand and kept oil futures from moving higher.

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