Tag Archives: Oil

The US Energy Information Administration said Friday that crude oil production in the United States fell by 1.2 million barrels per day in February to 9.86 million barrels per day. The government agency revised, in a monthly report, oil production for January, down by 21,000 barrels per day to 11.06 …

Oil, Crude, trading

Oil prices extended gains Thursday, April 29, after rising 1% in the previous session, as positive expectations about a recovery in demand this summer overshadowed concerns about the impact of an increase in the frequency of Covid-19 infections in India, Japan, and Brazil. Brent crude for June delivery rose 22 …

Oil, Crude, trading

Oil prices rose on Wednesday, maintaining an upward trend to settle at their highest level in about a month and a half, supported by the recent OPEC+ decision to gradually phase out output cuts. Brent crude futures for June delivery gained 85 cents, or 1.3%, to close at $67.27 per …

Crude oil inventories in the United States increased by 100,000 barrels last week, according to data by the U.S. Energy Information Administration (EIA). The EIA’s weekly report released on Wednesday showed that gasoline inventories rose by 100,000 barrels, while distillate stockpiles decreased by 3.3 million barrels in the week to …

Oil prices fell on Wednesday, April 28, in light of the rapid spread of Covid-19 cases in India and an increase that exceeded expectations for crude stocks in the United States, which overshadowed the confidence shown by OPEC and its allies in the strong recovery of global demand for fuel. …

The Saudi Crown Prince Mohammed bin Salman, in televised remarks on Tuesday, that the kingdom is in discussions to sell one percent of Saudi Aramco to a global energy company. Prince Mohammed added that Aramco, the world’s largest oil company that was listed on the Saudi Stock Exchange in 2019, …

Oil, Crude, trading

Oil prices rose on Tuesday to close at their highest level in about a week, following a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend its production policy. In an early meeting, held ahead of schedule, which surprised the market, the OPEC+ alliance …