Latest News
Oil Plunges As New Coronavirus Strain Spooks Markets
Dec 22, 2020Source: OilPrice.com
Date: 21st December 2020
Date: 21st December 2020
Oil prices plummeted early on Monday as a new strain of the coronavirus in the UK, found to be spreading faster among people, prompted tougher lockdowns in Britain and many European countries banning flights from the UK.
As of 8:41 a.m. ET on Monday, WTI Crude was plunging by 4.20 percent to $47.04, and Brent Crude was down by 4.17 percent on the day at $50.12, after briefly slipping to below $50 a barrel.
Read more here.
EXCELUBE continues to monitor global development and strives to support our customers' requirements despite market volatility and scarcity of supply.
Contact enquiry@excelube.com or whatsapp +61 434474913 for more information and price offers for base oil, rubber process oils (RPO), paraffin wax emulsion and our range of services.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington).
Oil Hits USD50 On Vaccine Rollout
Dec 11, 2020Source: OilPrice.com
Date: 11th December 2020
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fueled bullish expectations of strengthening oil demand early next year.
Read more here.
EXCELUBE continues to monitor global development and strives to support our customers' requirements despite market volatility and scarcity of supply.
Contact enquiry@excelube.com or whatsapp +61 434474913 for more information and price offers for base oil, rubber process oils (RPO), paraffin wax emulsion and our range of services.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington).
Date: 11th December 2020
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fueled bullish expectations of strengthening oil demand early next year.
Read more here.
EXCELUBE continues to monitor global development and strives to support our customers' requirements despite market volatility and scarcity of supply.
Contact enquiry@excelube.com or whatsapp +61 434474913 for more information and price offers for base oil, rubber process oils (RPO), paraffin wax emulsion and our range of services.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington).
Public Holiday - Melbourne Cup 2020
Nov 3, 2020Please note that our office will close on 3/11/2020 (Tuesday) for Melbourne Cup public holiday. We wish everyone a good time and enjoyable time.
The re-opening time will be 9.00a.m. on 4/11/2020 (Wednesday). Thank you for your attention.
#StaySafe
The re-opening time will be 9.00a.m. on 4/11/2020 (Wednesday). Thank you for your attention.
#StaySafe
Public Holiday - Friday before the AFL Grand Final
Oct 22, 2020Please note that our office will close on 23/10/2020 for Friday before the AFL Grand Final public holiday. We wish everyone a good time and restful weekend.
The re-opening time will be 9.00a.m. next Monday (26/10/2020). Thank you for your attention.
#StaySafe
Crude Oil Price Update - U.S. Presidential Election impact?
Oct 15, 2020Source: OilPrice.com
Date: 15th October 2020
Crude oil price has been very volatile this whole year and all eyes are on the U.S. elections outcome which may impact it positively or negatively. According to an article in OilPrice.com, a Joe Biden win at next month’s U.S. elections will likely be an upward catalyst for oil prices. Read more here.
EXCELUBE continues to monitor global development and strives to support our customers' requirements despite these volatility and scarcity of supply.
Contact enquiry@excelube.com or whatsapp +61 434474913 for more information and price offers for base oil, rubber process oils (RPO), paraffin wax emulsion and our range of services.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington).
Date: 15th October 2020
Crude oil price has been very volatile this whole year and all eyes are on the U.S. elections outcome which may impact it positively or negatively. According to an article in OilPrice.com, a Joe Biden win at next month’s U.S. elections will likely be an upward catalyst for oil prices. Read more here.
EXCELUBE continues to monitor global development and strives to support our customers' requirements despite these volatility and scarcity of supply.
Contact enquiry@excelube.com or whatsapp +61 434474913 for more information and price offers for base oil, rubber process oils (RPO), paraffin wax emulsion and our range of services.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington).
Oil Prices Fall Back After A Brief Rally
Aug 17, 2020Source: OilPrice.com
Date: 17th August 2020
Brent oil futures on Monday closed slightly lower on hopes the United States is making progress on a new economic stimulus package, as well as curbing the coronavirus spread.
Contact enquiry@excelube.com or whatsapp +61 434474913 for more information and price offers.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Date: 17th August 2020
Brent oil futures on Monday closed slightly lower on hopes the United States is making progress on a new economic stimulus package, as well as curbing the coronavirus spread.
Brent settled at $44.65 a barrel, while U.S. West Texas Intermediate (WTI) crude, settled at $41.94.
Contact enquiry@excelube.com or whatsapp +61 434474913 for more information and price offers.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Crude Oil Price Update
Jul 15, 2020Source: OilPrice.com
Date: 15th July 2020
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States.
Contact sales@excelube.com or whatsapp +6012-392 3337 for more information on our Rubber Process Oil (RPO), Base Oils (Group I, II, III), Refrigeration Compressor Oil, Paraffin Wax, Paraffin Wax Emulsion, Slack Wax, Micro Wax, Lubricants & Greases to receive best price offers.
Contact sales@excelube.com for areas:
Malaysia, Selangor (Klang, Puchong, Shah Alam, Subang), Kuala Lumpur (Sungai Buloh), Negeri Sembilan (Seremban), Melaka, Johor (Johor Bharu, Muar, Batu Pahat), Pahang (Temerloh, Kuantan), Kelantan (Kota Bahru), Terengganu (Kuala Terengganu), Perak (Ipoh), Kedah (Sungai Petani), Perlis, Penang (Bukit Mertajam, Butterworth, Seberang Prai), Sabah (Kota Kinabalu), Sarawak (Kuching), WP Putrajaya, WP Labuan
Asia, Vietnam (Ho Chi Minh), Cambodia, Laos, Myanmar (Yangon), Philippines (Manila), Indonesia (Jakarta), Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Date: 15th July 2020
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States.
Brent crude futures were up 32 cents to $43.04 a barrel, after moving lower earlier in the session. U.S. West Texas Intermediate (WTI) crude futures rose 29 cents to $40.39 a barrel.
Contact sales@excelube.com or whatsapp +6012-392 3337 for more information on our Rubber Process Oil (RPO), Base Oils (Group I, II, III), Refrigeration Compressor Oil, Paraffin Wax, Paraffin Wax Emulsion, Slack Wax, Micro Wax, Lubricants & Greases to receive best price offers.
Contact sales@excelube.com for areas:
Malaysia, Selangor (Klang, Puchong, Shah Alam, Subang), Kuala Lumpur (Sungai Buloh), Negeri Sembilan (Seremban), Melaka, Johor (Johor Bharu, Muar, Batu Pahat), Pahang (Temerloh, Kuantan), Kelantan (Kota Bahru), Terengganu (Kuala Terengganu), Perak (Ipoh), Kedah (Sungai Petani), Perlis, Penang (Bukit Mertajam, Butterworth, Seberang Prai), Sabah (Kota Kinabalu), Sarawak (Kuching), WP Putrajaya, WP Labuan
Asia, Vietnam (Ho Chi Minh), Cambodia, Laos, Myanmar (Yangon), Philippines (Manila), Indonesia (Jakarta), Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Oil Markets have finally found stability
Jun 17, 2020Source: OilPrice.com
Date: 17th June 2020
As America reopens, it seems oil prices have finally found some stability despite growing fears of a looming second coronavirus wave. Click here for full article.
Contact enquiry@excelube.com or whatsapp +61 434 474 913 for more information on our Rubber Process Oil (RPO), Base Oils (Group I, II, III), Paraffin Wax Emulsion, Slack Wax and Micro Wax to receive best price offers.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Date: 17th June 2020
As America reopens, it seems oil prices have finally found some stability despite growing fears of a looming second coronavirus wave. Click here for full article.
Contact enquiry@excelube.com or whatsapp +61 434 474 913 for more information on our Rubber Process Oil (RPO), Base Oils (Group I, II, III), Paraffin Wax Emulsion, Slack Wax and Micro Wax to receive best price offers.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Crude Oil Price Update
Jun 6, 2020Source: OilPrice.com
Date: 6th June 2020
Date: 6th June 2020
Oil prices continue to be volatile in anticipation of decisions from top crude producers / OPEC+.
Brent crude price at $42.30 a barrel and U.S. West Texas Intermediate (WTI) crude futures rose to $38.97.
Contact us at +61 434 474 913 / enquiry@excelube.com for supply of petroleum speciality products.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Contact us at +61 434 474 913 / enquiry@excelube.com for supply of petroleum speciality products.
Contact enquiry@excelube.com for areas:
Australia, Victoria (Melbourne), Queensland (Brisbane), NSW (Sydney, Newcastle), Tasmania (Hobart), Western Australia (Perth), South Australia (Adelaide), New Zealand (Wellington)
Queen’s Birthday Public Holiday
Jun 6, 2020Please note that our office will close from 6/06/2020 to 8/06/2020 for Queen's Birthday.
The re-opening time will be 9.00a.m. next Tuesday (9/06/2020). Thank you for your attention.
The re-opening time will be 9.00a.m. next Tuesday (9/06/2020). Thank you for your attention.
A Rare Week Of Optimism For Oil
May 3, 2020Source: OilPrice.com
Date: 1st May 2020
Oil is set to post its first weekly gain in more than a month as production cuts and some relatively positive news regarding the coronavirus boosted sentiment. The OPEC+ deal begins today, while shut in wells have begun to pile up in meaningful volumes.
Read further here.
Date: 1st May 2020
Oil is set to post its first weekly gain in more than a month as production cuts and some relatively positive news regarding the coronavirus boosted sentiment. The OPEC+ deal begins today, while shut in wells have begun to pile up in meaningful volumes.
Read further here.