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Special reports

 
 

Brent stabilises above US$30

Oil prices rose this morning, stabilising above US$30 Brent, as traders welcomed a hinted demand recovery and saw a slight decrease in US stock builds.

 
 
 
 
 

Oil prices fall in response to second Covid-19 wave fears

Oil prices fell this morning as traders curbed their enthusiasm about new cuts from the Middle East, due to an emerging possibility of increased lockdown periods fearing a possible second Covid-19 wave.

 
 
 
 
 

Rystad Energy: US shut-ins double

US production of 616 000 bpd will be shut during May and 655 000 bpd during June as a result of the supply-demand imbalance that the Covid-19 pandemic has created, according to a Rystad Energy analysis.

 

Oil continues to see gains trimmed

On Thursday morning oil prices continued to see their earlier gains trimmed further for a second day, as the global oversupply persists despite the cuts that are already in place.