International Energy Agency downgrades forecast for oil demand in 2021

The rise in COVID-19 cases is slowing the recovery in oil demand.

Brent price went down to $54.56 per barrel

Traders are not very optimistic about the recovery in oil demand.

Brent went down to $55.56 per barrel

Oil quotations are decreasing because of a possible increase in supply on the market due to the inflow of new volumes of shale oil from the United States.

Brent is trading at $55.44 per barrel

Brent price went down due to the strengthening of the dollar.

Brent crude oil fell below $50 per barrel

A new strain of coronavirus, previously reported by the UK, has already been found in Germany, France and Switzerland.

Oil prices are falling

On Sunday, the British authorities have decided to introduce the most stringent restrictive measures due to a new type of coronavirus infection.

Brent crude oil falls in price again

US lawmakers are trying to resolve the remaining contentious issues regarding the new package of measures to support the economy.

Brent price went down to $49.92 per barrel

Oil prices are declining due to the deterioration of the OPEC forecast for the dynamics of oil demand in 2021.

Oil prices rise on optimism for COVID-19 vaccines

The cost of February Brent futures on the London ICE Futures exchange on Friday is $50.34 per barrel.

An explosion occurred at oil storage In Texas

At least seven employees were injured when a crude oil storage tank exploded at a Magellan Midstream Partners plant.

Saudi Aramco raises oil prices to customers in Asia for delivery in January

The company kept oil prices unchanged for northwest Europe. However, the company cut the price for shipments to the US in January to its lowest level since May this year.

Norway accuses Russia and China of spying on its oil sector

The police are confident that people who work or are associated with the oil sector may try to recruit sources of information for intelligence services.