U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.
Oil prices down on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.
Oil prices edge up as U.S. crude supplies fall, gasoline stocks climb
Oil futures edged a bit higher on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh strai
Crude oil turns lower as U.S. supplies fell but fuel stocks jumped more than expected
Oil futures pulled back Wednesday to their lowest levels in a month, following the release of bearish data from the U.S. government's weekly inventory report showing large increases in domestic gasoline and distillate stocks,
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures. Also supporting prices was an unexpected increase in U.
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.
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Dangote refinery builds eight more tanks for imported crude
The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil.
Oil trims gains on dollar strength, tight supplies provide support
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...
Crude Oil Prices1d
Large Jump in Fuel Inventories Outweighs Crude Draw
Crude inventories at the Cushing Oklahoma hub continue to draw, but a large increase in gasoline and distillate stockpiles resulted in an increase in commercial petroleum inventories ...
Rigzone7d
Crude Oil Futures Could See Better Prospects as Traders Return from Break
Crude oil futures could see better prospects as traders return from the holiday break', Terence Hove, Financial Markets ...
Why China is likely to import less crude from Saudi Arabia in February?
China may import less crude oil from Saudi Arabia on a month-on-month basis in February after the Kingdom hikes prices for ...
TheCable1d
Prioritise crude oil supply to local refineries, group tells NNPC
A group of concerned Nigerian citizens has called on the NNPC Limited to prioritise crude oil supply to local refineries, ...
Crude oil futures rise amid inventory decline in the US
Crude oil futures rise as US inventories decline, OPEC production drops, and China bans US-sanctioned tankers.
Crude Oil Prices2d
API Reports Large Crude Draw, Major Jump in Fuel Inventories
Crude inventories saw a larger than expected decline for the week ending January 3rd, while fuel inventories continue to soar ...
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...