Bullish Sentiment Has Taken Hold of Oil Markets
Oil prices surged above $90 last week due to a combination of strong investment flows, bullish fundamentals, and expectations of higher demand in the second half of the year.
Source: oilprice.com
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Talks ongoing to ban import of Russian oil
LONDON: United States Secretary of State Antony Blinken said the Biden administration and its allies are discussing an embargo of Russian oil, a move that threatens to make an already heated oil market even more volatile.
Source: thestar.com.my
Blinken Pointing to Oil Embargo Risks Tightening Market Further
(Bloomberg) -- U.S. Secretary of State Antony Blinken said the Biden administration and its allies are discussing an embargo of Russian oil, a move that threatens to make an already heated oil market even more volatile. Pressure is growing on the U.S.
Source: bloombergquint.com
Vitol's Muller says he doesn't see China's oil demand shrinking 'at all' despite pandemic
Oil demand in China, the world’s largest user, is unlikely to be hit this year by the pandemic as much of the country is still energy-dependent, the head of Vitol Asia said Jan. 16. “It doesn’t look like China is going to shrink its [oil] demand,” Mike Muller told an online conference organized by Dubai-based ...
Source: hellenicshippingnews.com
World's Largest Oil Trader: Prices Are Set To Rise Further
Crude oil has already gained 10 percent since the start of the year and has further to go, Vitol's head of Asia told Bloomberg in an interview
Source: oilprice.com