Crude Oil
Crude Oil
US Gulf Crude Oil Ramps Up after Hurricane Losses
U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production with local prices easing as more shipments moved out of the region.
Crude Oil
Saudi Arabia's Crude Oil Exports Hit Six-month High
The world's largest oil exporter's crude output rose to 9.474 million barrels per day in July.
Crude Oil
Oil Prices Climb After Drawdown in US Stocks
Brent hit its highest levels since late July and WTI since early August.
Petrochemicals , Crude Oil
Largest US Fuel Pipeline Shuts as Power Outages from Nicholas Rise
Power outages in the Houston area caused Colonial to pre-emptively shut down its main gasoline and distillate fuel lines, the company said in a notice to shippers after Nicholas made landfall.
Crude Oil
What’s Affecting Oil Prices This Week? (Sept. 13, 2021)
Back to trend? While it still expects oil prices to drift upward, Stratas Adivsors is also forecasting that oil prices will trade in a relatively narrow channel through the rest of the year, the firm said in its latest oil price forecast.
Crude Oil , Policy & Regulations
Chevron, Exxon, Valero Win Bids for Reserve Oil, US Energy Department Says
The sale comes as oil prices are at a one-week high amid U.S. supply concerns over damage from Hurricane Ida and the ongoing impact from COVID-19.
Crude Oil , International
OPEC Expects Delta Variant to Delay Oil Demand Growth
"The increased risk of COVID-19 cases primarily fueled by the Delta variant is clouding oil demand prospects," OPEC said in its latest report.
Crude Oil
Oil Prices Rise to One-week High on US Supply Concerns
Goldman Sachs analysts estimated that Hurricane Ida caused U.S. oil inventories to decline by about 30 million barrels and could push up U.S. refining margins and further widen the price spread between WTI and Brent.
Exploration & Production , Crude Oil
US Offshore Oil production Losses Felt Around the Globe
Hurricane Ida has removed more than 20 million barrels of U.S. Gulf production from the market.
Business , Crude Oil , International
OPEC Set to Revise Down 'Optimistic' Oil Demand Outlook, Sources Say
OPEC is set to release a report next week with downward revisions of demand outlook due to the spread of the Delta variant.