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Crude Oil
Petrochemicals , Crude Oil
US Crude Stockpiles Slide as Refining Ramps Up Ahead of Summer: EIA
Refining activity picked up in the most recent week, in response to tight product inventories and near-record exports that have forced diesel and gasoline prices to record levels in the U.S.
May 18, 2022
Natural Gas , Crude Oil , Policy & Regulations
EU Unveils 210 Billion Euro Plan to Ditch Russian Fossil Fuels
Russia's invasion of Ukraine has prompted the European Union to rethink its energy policies amid sharpened concerns of supply shocks.
May 18, 2022
Crude Oil , International
Oil Prices Rise on China Demand Recovery Expectations, Supply Concerns
With COVID-19 restrictions easing in China, oil prices are rising in anticipation of growing supply and demand concerns.
May 18, 2022
Crude Oil , Trade , Storage
US Emergency Oil Reserve Drops to Lowest Level Since 1987
Crude oil stockpiles in the U.S. Strategic Petroleum Reserve fell to 538 million barrels, the lowest since 1987, data from the U.S. Department of Energy showed.
May 16, 2022
Crude Oil
What’s Affecting Oil Prices This Week? (May 16, 2022)
According to Stratas Advisors, the question remains: when will oil prices break out of their current pattern and in which way will they break—below the lower support level or upwards to new highs?
May 16, 2022
Crude Oil , Policy & Regulations
Saudi Arabia Set for Oil Output Capacity Above 13 Million Barrels Per Day by 2027
Prince Abdulaziz bin Salman said production could be maintained at that level should market demand require it.
May 16, 2022
Petrochemicals , Crude Oil , Trade
Oil Jumps 4% as US Gasoline Prices Hit Record High, Stock Markets Soar
WTI was on track for its highest close since March 25 and its third weekly rise. Brent, however, remained set for its first weekly decline in three weeks.
May 13, 2022
Crude Oil , Trade , International
IEA May Release More Oil If Needed, Says Fatih Birol
IEA Executive Director Fatih Birol also said that the summer may be challenging for the oil market, while winter may be challenging for the gas market.
May 13, 2022
Crude Oil , Trade , International
OPEC Cuts 2022 World Oil Demand Forecast Again on Ukraine War
OPEC cited rising inflation and continued monetary tightening, and lowered this year’s economic growth forecast to 3.5% from 3.9%, adding upside potential was “quite limited.”
May 12, 2022
Crude Oil
IEA Sees World Weathering Lost Russian Oil Supply
IEA's analysis suggests the economic impact from further sanctions on Russian energy mulled by the European Union could be limited.
May 12, 2022