Oil prices may fall again if there is another surge in Coronavirus cases.
Oil markets traded softer into the weekend on the back of escalating US-China tensions.
Energy demand at one point was down by more than 30% globally.
Saudi Aramco is the national energy company of Saudi Arabia.
In recent weeks, oil demand has really suffered a setback.
Brent crude is expected to stay below the $45 resistance levels in the coming days.
Crude oil prices started the trading week at London’s session with a decline, due to growing concerns on oil glut. This macro is coming to light...
The poor earnings results recorded by the two oil juggernauts saw their stock prices tank to record lows.
The low volatility in Brent crude was largely attributed to many oil traders staying on the sidelines.
Nigeria relies on India for over 15% of export earnings