Crude Oil

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Rise for First Time Since November

Crude inventories in the U.S. rose by 515,000 barrels in the week to Jan. 14 to 413.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 938,000-barrel drop.

January 20, 2022

Crude Oil , Trade , International

OPEC's Share of Indian Oil Imports Falls to 15-year Low

OPEC's share shrunk as refiners increased imports from Canada and the United States, data shows.

January 20, 2022

Crude Oil

Oil Highest Since 2014 as Turkey Outage Adds to Tight Supply Outlook

U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.8%, to $86.09 a barrel. WTI earlier jumped to $87.08, its highest since Oct. 9, 2014.

January 19, 2022

Crude Oil

IEA: Oil Market Headed for Surplus as Omicron Impact Muted

While U.S., Canada and Brazil are set to pump at all-time highs for the year, Saudi Arabia and Russia could also break their output records.

January 19, 2022

Crude Oil , Trade

US Awards Fifth Exchange of Crude Oil from Strategic Reserves

Combined, the U.S. Energy Department has so far released more than 8 million barrels of the 32 million in exchanges of Strategic Petroleum Reserve oil outlined in November.

January 18, 2022

Crude Oil

What’s Affecting Oil Prices This Week? (Jan. 18, 2022)

Triple-digit oil prices? Here are the factors that Stratas Advisors say will keep oil prices from moving into the triple-digits.

January 18, 2022

Crude Oil

Oil Prices Hit 7-Year Highs; Mideast Unrest Stokes Supply Jitters

After launching drone and missile strikes that set off explosions in fuel trucks and killed three people, the Houthi movement warned it could target more facilities.

January 18, 2022

Crude Oil

OPEC Sees Well Supported Oil Market in 2022, Despite Omicron

While the new Omicron variant may have an impact in the first half of 2022, projections for economic growth remain robust, OPEC said in its latest report.

January 18, 2022

Investment , Natural Gas , Crude Oil , Energy Transition

How Institutional Investors Are Thinking about the Energy Transition

Here are some intriguing conclusions from a recent survey of institutional investors, who seem to be bullish about oil prices but not oil demand; concerned about climate risks, but not yet fully incorporating them into valuations.

January 17, 2022

Crude Oil , Imports , International

China Agrees with US to Release Oil Reserves near Lunar New Year

The release of crude stocks by China will occur around Lunar New Year, which falls on Feb. 1, the sources said. 

January 14, 2022