Browsing: Oil
China announced that it will make the first sale of oil from its strategic reserves on September 24, which is…
Oil prices increased as Hurricane Ida continued to hamper U.S. production, and traders bet on a tighter market through the…
Global benchmark Brent oil remained almost the same, near $72 a barrel, after OPEC+ entered into an agreement to boost…
Global oil demand rose by 3.8 mb/d month-on-month in June, backed by increased mobility in North America and Europe. Global…
As much as 1.74 million barrels a day, or 95.7% of crude output and 93.8% of gas output, was shut…
The Organization of the Petroleum Exporting Countries and its allies are likely to push through with the planned output hike…
American crude oil inventories posted the third straight decline in the past week, hitting the lowest level in 19 months.…
Mexico’s state-owned Pemex announced on 23 August that a fire at its production platform has disrupted operations, likely hurting Maya…
As the coronavirus continues to favor safe havens, market sentiment remains sluggish on Friday, Aug 20. At the time of…
The total petroleum production will average 98.9MMbbl/d in the 2nd half of 2021, a decline from last month’s forecast of…
Crude oil stockpiles fell less than initially expected in the recent week’s report. Crude inventories dropped 447,000 barrels last week,…
The U.S. Energy Information Administration’s (EIA) Brent crude oil spot prices averaged $75 per barrel in July, $2 up from…