crude oil – Icarus Signals. The home of economic insight

Crude Oil Hits Pre-Pandemic Highs on Bets Vaccine to Keep Rebalancing Intact

Posted on January 13, 2021 by TeamIcarus | 0 Comments

Investing.com – Crude oil prices jumped to pre-pandemic 11-month highs on Tuesday as investors bet the pandemic's grip on energy demand is coming to an end as the rollout of…

Brent Oil Rises to Highest Since February After Saudi Arabia Output Cut

Posted on January 7, 2021 by TeamIcarus | 0 Comments

TOKYO (Reuters) - Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with…

Oil Up on Hopes of Recovery in Demand, Lower U.S. Inventories

Posted on December 31, 2020 by TeamIcarus | 0 Comments

Oil gained more ground on Wednesday as a U.S. coronavirus fiscal aid package and a decline in crude oil inventories lifted prices.

Oil Rises to Touch $52 After Trump Signs Aid Bill

Posted on December 29, 2020 by TeamIcarus | 0 Comments

Start of European vaccination campaign outweighs concern about weak near-term demand.

Britain Vows to Stop Funding Fossil Fuel Projects Abroad

Posted on December 12, 2020 by TeamIcarus | 0 Comments

British Prime Minister Boris Johnson announced a halt to his country's funding of new crude oil, gas and coal projects before opening the Climate Ambition Summit

Crude Edges Lower as FDA Vaccine Approval Drags, US Congress Deadlocks on Stimulus Bill

Posted on December 12, 2020 by TeamIcarus | 0 Comments

New York — Crude futures settled lower Dec. 11 as demand outlooks came under pressure, with US pandemic lockdowns spreading and the US Congress deadlocked on stimulus spending.

Running on Empty: Oil Refineries at Breaking Point as World Grinds to a Halt

Posted on November 15, 2020 by TeamIcarus | 0 Comments

From the dawn of the lockdowns, Australia's biggest cities virtually shuddered to a stop. Busy streets were all but deserted, the roar of traffic dulled to a whisper.

Oil Down Nearly 2% amid COVID-19, U.S. Election Concerns

Posted on November 7, 2020 by TeamIcarus | 0 Comments

TOKYO (Reuters) - U.S. oil fell nearly 2% on Friday as new lockdowns in Europe to contain the spread of the coronavirus disease raised questions about the outlook for crude…

Oil Prices Drop as New Lockdowns Hit Economic Outlook

Posted on November 3, 2020 by TeamIcarus | 0 Comments

Oil prices fell further on Monday after Brent crude last week took its steepest slide since April on mounting concerns new lockdowns to slow the spread of coronavirus will hit…

Iranian Tanker Shenanigans. An Amazing Story of Hide and Seek!

Posted on July 21, 2020 by TeamIcarus | 0 Comments

The seemingly never-ending tensions within the Middle-east and surrounding trading partners often provide the basis for tales of misadventure and woe like those crafted for Hollywood thrillers.