Tag Archives: Oil

Oil prices closed higher on Wednesday, amid hopes for a new stimulus package in the United States, and after a decline in US crude inventories last week. Crude prices maintained their best levels since early March, as the global benchmark, Brent crude futures for February delivery gained 32 cents, or …

Crude oil inventories in the United States decreased by 3.1 million barrels last week to stand at 500 million barrels, according to the weekly report by the U.S. Energy Information Administration (EIA) released on Wednesday. Meanwhile, gasoline stockpiles rose by 1 million barrels to 238.9 million barrels and distillate stockpiles …

Oil prices rose today, Wednesday, due to the decline of the dollar and the progress in the distribution of Covid-19 vaccines, but the gains were limited due to a sudden increase in crude oil inventories in the United States and the tightening of measures to combat Coronavirus in Europe. Brent …

Oil prices fell on Wednesday, December 16, due to a sudden increase in crude oil inventories in the United States and due to continuing investor concerns about the decline in fuel demand in light of tightening public isolation measures in Europe to combat the virus pandemic. Brent crude futures fell …

The American Petroleum Institute data said Tuesday that inventories of crude oil, gasoline and distillates in the United States increased at the fastest pace in the latest week. Crude inventories rose by 2 million barrels in the week ending on December 11, to about 495 million, compared with analysts’ expectations …

Oil, Crude, trading

Oil prices surged on Tuesday, to close at its highest level since March, amid rising optimism about the rollout of Coronavirus vaccines. In addition, hopes for a new stimulus package in the United States helped support crude prices during the second session of the week. Brent crude futures for February …

Oil prices rose above $50 on Tuesday (December 15th), as the start of Coronavirus vaccination campaigns favored the tightening of general isolation measures in Europe and expectations of a slower recovery in demand. The United States began vaccination campaigns on Monday, while the deaths due to the pandemic exceeded 300,000. …

The International Energy Agency has warned that the start of vaccination campaigns to prevent Coronavirus this month will not quickly reflect the devastation inflicted on global oil demand. “The understandable euphoria around the start of vaccination programmes partly explains higher prices but it will be several months before we reach …

The US Energy Information Administration said in a monthly forecast that the United States’ oil production from shale formations is expected to decrease by about 136 thousand barrels per day in January to 7.44 million barrels per day, the lowest since June. Production is expected to decline from nearly all …