Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world’s top producer was revised Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Wednesday after latest weekly data showed an unexpected drawdown in US crude stocks, while OPEC producers were expected to keep Continue Reading
The American Petroleum Institute (API) reported a surprise draw in crude oil inventories of 2.6 million barrels for the week ending March 8, coming in significantly under analyst predictions that Continue Reading
Oil prices rose early on Tuesday to their highest level this month, supported by the Saudi pledge to continue cutting deeper and a blackout in Venezuela that disrupted its oil Continue Reading
Bullish news from Saudi Arabia sent oil prices higher on Tuesday morning, but market uncertainty still remains. Oil and Gas Prices (Click to enlarge) Rigs Per Basin (Click to enlarge) Continue Reading
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 2.6 million barrels for the week ended March 8, according to sources. The API also reportedly showed Continue Reading
Oil prices edged slightly higher on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the Continue Reading
Oil prices jumped to two-week highs on Tuesday morning, rising on the back of severe outages in Venezuela and the ongoing production cuts from OPEC+. A devastating electricity blackout swept Continue Reading
Oil prices rose on Tuesday, as OPEC’s de facto leader Saudi Arabia appeared to deepen the group’s supply cuts aimed at tightening markets, although gains were capped by the ongoing Continue Reading
Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. Brent Continue Reading
