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Libyan Crude output & rising Covid cases having a negative effect on prices

October 21, 2020

Crude Rose over 1% on Tuesday on hopes that the United States was getting close to sealing a deal on coronavirus relief, but the continued threat to demand from rising COVID-19 cases worldwide and a...

Libya’s Plans to Reopen its Oil Ports Spell Even More Bad News on an already Damaged Crude Market

September 15, 2020

Crude oil prices are on the decline yet again, all on the word of OPEC member Libya’s plans to reopen its oil ports as soon as this upcoming weekend. As of Monday afternoon 14/9, Texas...

Saudi’s to Slash Price of Crude Bound for U.S/Asia

September 7, 2020

Saudi Arabia has slashed its prices for its October shipments to the U.S and Asia, in what appears to be a clear sign they now recognize the wavering demand for Crude Oil amid flare-ups of...

Saudi’s unsurprisingly raise their Crude prices after August OSP release

July 7, 2020

Monday saw the Saudis release their official selling prices (OSPs) for August, and it came as no surprise that Aramco had increased their pricing for most crude grades into Asia, the US and Europe....
American Crude

Second COVID wave quenches China’s thirst for American Crude

June 30, 2020

As the second wave of Covid-19 infections rears its head in China’s capital once more, it now looks likely to depress the nation’s appetite for American oil just after a pick-up in purchases. It...