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.

September 17, 2021

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.

September 16, 2021

Crude Oil

Oil Prices Climb After Drawdown in US Stocks

Brent hit its highest levels since late July and WTI since early August.

September 15, 2021

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.

September 14, 2021

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.

September 13, 2021

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. 

September 13, 2021

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.

September 13, 2021

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.

September 13, 2021

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.

September 10, 2021

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.

September 10, 2021