What next for the oil market? Speculative commitment the highest for years
The first half of 2020 was a particularly turbulent period for financial markets. At that time, oil prices were subject to gigantic volatility.
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April 21 2020
Oil price minus. Futures contracts lowest in history
Can the price of oil be negative? Until recently, no one would be tempted to ask such a naive question. Meanwhile, it turns out that the answer is ... yes.
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April 20 2020
Hin Leong Trading, an oil trading company, collapses
Hin Leong Trading is a huge trading company from Singapore dealing in trade and storage of crude oil. Lim Chee Meng, the only son of its founder, Lima Oon Kuin, has just revealed that the company has concealed $ 800 million in losses, [...]
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9 March 2020
Crude oil loses over -30% at the opening. OPEC talk failure
Up to 30 percent oil was overpriced after the weekend. Terrorist attack on the largest refinery in the world, a breakthrough in scientific research on alternative propulsion? None of these things - fear of coronavirus [...]