Crude Inventory Decreased by 2.5M Barrels for Week Ended May 10 - EIA
Global Oil Demand Growth Outlook Continues to Soften, IEA Says
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said.
Oil Advances With Supply in Focus as US Stockpiles Seen Lower
Oil advanced after an industry report showed shrinking US stockpiles, and traders looked ahead to a report from the International Energy Agency that may shed light on market balances into the second half.
Oil Slides to Nine-week Lows After Latest Inflation Disappointment
Oil Declines With OPEC Forecast Unchanged, as Traders Weigh the Interest-rate Outlook
Oil futures moved lower on Tuesday, giving back part of the gains seen a day earlier, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged and traders weighed the outlook for interest rates, and their potential impact on energy demand.
OPEC Sticks to Oil-Demand View, Posts Fall in Overall Output
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June.
Oil Steadies as Traders Look to OPEC Report and Inflation Data
Oil held a gain before the release of an OPEC market outlook, with traders looking for signs on whether supply curbs will be extended, as well as US inflation data that will shape expectations for monetary policy.
OPEC Supply in Focus With Oil Prices Still Under Pressure
U.S. Drilling Rigs Drop to Two-and-a-half Year Low, Baker Hughes Says
Oil Price Analysis: Falling in a Channel Over the Short-term
Oil is falling in a descending channel on the short-term horizon.
Oil Prices Still Under Pressure, Putting OPEC+ Supply in Focus -- Market Talk
Oil prices have recouped some of the losses posted earlier this week, but Brent crude continues to trade below $85 a barrel despite growing tensions in the Middle East.
Stock-market Investors Fear a Consumer Slowdown. Keep an Eye on Gasoline Demand
By Myra P. Saefong Renewed weakness in fuel demand as summer approaches could spark downturn fears, analysts say Prices for gasoline at the pump have climbed from a year ago, contributing to weak de
Oil Heads for Weekly Gain on Renewed Optimism for US Rate Cuts
Oil headed for a third day of gains — putting crude on course for a weekly advance — as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets.
10-Q: Quarterly report
Crude Oil Prices Gain as US Crude Stocks Record Surprise Draw, ANZ Bank Says
Crude oil prices climbed after the U.S. Energy Information Administration's weekly report showed a draw in U.S. crude inventories, signaling a tight physical market, ANZ Bank said in a Thursday note.
Goldman Sachs predicts that there is no hope that production will increase at the OPEC+ meeting in June, and oil prices may stay in the 75-90 dollar range
Goldman Sachs said on Wednesday that they no longer expect OPEC+ to announce the partial lifting of its voluntary production cuts at the June meeting.
Seasonal demand for gasoline and diesel in the US is the worst since the pandemic hit refining profits
According to the latest data from the US Energy Information Administration, demand for gasoline and diesel in the US is at its weakest seasonal level since the pandemic.
Seasonal U.S. Demand for Gasoline, Diesel Worst Since 2020, Hitting Refining Margins
Crude Inventory Decreased by 1.4M Barrels for Week Ended May 3 - EIA
Biden takes advantage of falling oil prices to restart a “replenishment” plan, 3.3 million barrels of crude oil will be put into storage
The Biden administration is taking advantage of falling oil prices to relaunch plans to replenish its depleted strategic oil reserves.