Are Crude Oil Prices Going Lower?
Barchart article on crude oil, I addressed whether crude oil will hold technical support after the 2024 U.S. election. I concluded the article with the following: Geopolitical events, U.S. energy policy,
Crude oil rises by most in two weeks as OPEC+ expected to extend output cuts
Crude oil futures rose on OPEC+ production cut extension expectations. Geopolitical tensions also supported gains.
Crude oil prices remain steady after OPEC+ delays plans to restore output again
October, with bullishness from geopolitical developments in the Middle East and Ukraine countered by expectations for a glut in 2025 due to higher output from the Americas and lackluster Chinese demand.
U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories fell more than expected last week and product stocks saw a buildup as refineries ramped up their capacity use.
Oil Prices Tick Higher on Crude Inventory Draw
Crude oil prices rose following a surprise inventory draw reported by the EIA, but concerns about global demand persist.
U.S. Crude Oil Inventories Tumble Much More Than Expected
Crude oil inventories in the U.S. fell by much more than expected in the week ended November 29th, the Energy Information
Oil prices pare losses as EIA reports a fall in U.S. crude supplies
U.S. oil futures pared much of their losses Wednesday after the Energy Information Administration reported a bigger-than-expected decline of 5.1 million barrels in U.S. commercial crude inventories for the week ended Nov.
Russia’s Crude Oil Shipments Surge Ahead of OPEC+ Meeting
Russia's crude oil exports surged in the week leading up to the OPEC+ meeting, defying expectations and raising questions about the group's future production decisions.
Weekly Crude Inventories Fall More Than Expected; Oil Prices Drop Ahead of OPEC+ Meeting
Commercial crude stockpiles in the US fell more than projected last week, government data showed, while oil prices were trading lower ahead of a policy meeting among key oil-producing nations. Inventories of crude,
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OPEC+ to extend crude oil output cuts
Major oil producing group OPEC Plus says it will delay an additional output increase that was planned for next month. It ...
Russia's crude oil and LNG shipments to Asia slip slightly in 2024
Asia's imports of Russian crude oil and liquefied natural gas are set to log small declines this year and while coal had a ...
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face ...
Oil Futures Unmoved by OPEC+ Delay in Lifting Output
Oil futures edge lower in a muted reaction to OPEC+ pushing back plans to raise production until April, and stretching the eventual unwinding of 2.2 million barrels a day in voluntary cuts over 18 ...
Saudi Arabia boosts crude oil share in Asia at Russia's expense
Saudi Arabia clawed back market share of Asia's crude oil imports in November, while Russia surrendered some of its barrels ...
Russia’s Oil Revenues in November Took a Hit Amid Crude Slump
The Kremlin’s oil revenues in November fell from a year earlier for a second consecutive month, spurred by lower prices for ...
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Russia and Pakistan discuss offshore oil and gas exploration and refining cooperation – report
Russia and Pakistan are reportedly exploring potential cooperation in offshore oil and gas exploration and refining, ...
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Dozens of Middlemen Drop Out of Trading Russian Oil to India
Rising Russian interest rates are pushing small traders out of the Russia-India crude oil trade, consolidating the market with a few major players.