You Searched For "crude oil inventories" and got 20 results
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4 mins read
Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra
A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providin…
1 min read
Oil prices spike on crude inventory update and Powell's rate-cut outlook
The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…
Yuheng Zhan
1 min read
US oil production just hit a record high
US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million…
Kelly Cloonan
1 min read
US crude-oil production will slow sharply from record heights over the next year, EIA says
US production won't reach December's record level until early 2025, the Energy Information Agency s…
Filip De Mott
1 min read
Oil prices plunge as US inventories jump and worries build over China demand
Oil prices fell as fresh data also showed that the US continued to churn out a record 13.2 million …
Jennifer Sor
2 mins read
Record-breaking oil production from the US has left OPEC with its lowest crude market share in nearly a decade
The IEA said global oil demand has slowed sharply amid economic turmoil, while the US, Brazil, and …
Phil Rosen
2 mins read
Why oil prices already at highs could surge another 10% by summer, according to BofA
Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump …
Yuheng Zhan
1 min read
Crude oil prices could soar 76% if the Israel-Hamas war morphs into a regional conflict, the World Bank says
In a worst-case scenario, crude oil prices could climb as high as $157 per barrel, the World Bank w…
Filip De Mott
2 mins read
Stock market today: Indexes edge lower as traders hit pause on data-fueled rally
Stocks took a breather Friday after rallying on strong economic data. Investors are waiting on the …
Max Adams
3 mins read
A wave of M&A means the US oil-production boom may be over
Public and private firms have very different financial priorities. For the US oil industry this yea…
Aruni Soni
2 mins read
China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now
On the supply side, Saudi Arabia is looking to increase market share instead of pursuing higher pro…
Huileng Tan
1 min read
India stands to gain as crude oil prices fall to 4-month low
With crude oil prices falling to a 4-month low in the international market, the Indian economy is e…
1 min read
Hamas' strike on Israel will force the market to 'beg' Saudi Arabia to pump out more oil, famed crude trader says
Hamas' attack will play into the hands of the world's largest oil exporter, according to legendary …
George Glover
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…
Filip De Mott
3 mins read
Crude spikes on Middle East tensions but Iran’s entry will guide its movement say analysts
As Israel and Palestinian group Hamas attack each other, it has shaken up the world crude oil marke…
1 min read
Oil prices reverse higher as US inventories dive while energy giant says OPEC+ output boost isn't enough
The international oil alliance will increase production by 648,000 barrels per day for the two summ…
Phil Rosen
2 mins read
Global trends, crude oil prices, Q2 earnings to drive D-Street in holiday-shortened week: Analysts
Domestic equity markets will be driven mainly by quarterly earnings, global trends, and the movemen…
PTI
2 mins read
Oil prices are crashing. Blame uncertain demand and booming US production.
US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global d…
Phil Rosen
4 mins read
Specialty chemicals stocks maybe having a temporary reaction that could fizzle out
Specialty chemical stocks have been running up in the last few weeks, thanks to the rise in prices …
1 min read
Goldman trims its 2024 oil-price forecast as the US keeps pumping up supply
Strategists expect Brent crude prices to peak at $85 a barrel in June 2024, and that Saudi Arabia w…