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  2. Feb 22, 2022 · By the summer of 2020, oil prices began to rebound as nations emerged from lockdowns and the Organization of the Petroleum Exporting Countries (OPEC) agreed to major cuts in crude oil...

  3. Apr 13, 2020 · The trajectory of oil prices will be more dependent on how fast the world leaves lockdown and the pace of the economic rebound. Yet the deal’s significance goes beyond numbers. There has been a tectonic shift in global oil politics. Putin, MBS and Trump, the leaders of the the world’s three largest producers, are dictating global petroleum ...

  4. Nov 4, 2020 · Nov. 4, 2020. Oil prices rose Wednesday as the results of the U.S. presidential election remained uncertain. Brent crude, the international benchmark, and West Texas Intermediate, the...

  5. Mar 25, 2020 · As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65% from its price on 6 January 2020. Over the same time period, the price for Western Canadian Select (WCS) crude oil in Alberta fell by 72% from US$40 per barrel (US$/bbl) to US$11/bbl.

  6. The benchmark price is now lower than the cost of production, transport and storage. How did this happen, and what role did COVID-19 play?

  7. Oil futures ended 2020 on a positive note, but suffered a hefty yearly fall, only partially recovering from the hit to crude demand from the COVID-19 pandemic.

  8. Oct 14, 2020 · Prices saw a 10% early-October jump ahead of Hurricane Delta. Physical prices e.g. North Sea Dated, remained below the futures front month reflecting a well-supplied prompt market. Freight rates remain at historically weak levels as tanker activity sits at a near 10% deficit to 2019 levels.

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