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US crude oil output hit record high in March, while demand fell, says EIA
U.S. crude oil output rose to a monthly record high in March, while demand for oil products declined to the lowest in a year, the U.S. Energy Information Administration (EIA) said in its Petroleum Supply Monthly (PSM) report on Friday.
Oil prices rose by more than 2% on Monday, despite producer group OPEC+ sticking with output hike plans, as wildfires burning ...
Oil surged after OPEC+ increased production less than some had feared and geopolitical concerns flared in Ukraine and ...
July RBOB at the high was over $2.09 but has pulled back and was last trading at $2.0639/gal, up 4.88cts. The strong start for the July contract keeps some stiff backwardation in place as July futures ...
U.S. crude oil inventories fell by 2.8 million barrels, exceeding estimates for a drop of 600,000 barrels.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, by 4.236 ...
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...
Petroleum prices, however, are being helped by a weaker dollar, which remains near a 52-week low against a basket of foreign currencies on the U.S. Dollar Exchange. A weaker U.S. currency makes dollar ...
U.S. crude oil inventories rose by 1.3 million barrels last week, while stocks of gasoline and diesel increased amid higher ...
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Crude oil theft has reduced significantly – ProducersThe Executive Coordinator of the Independent Petroleum Producers Group, Oyeleke Banmeke, has said that crude oil theft in Nigeria has reduced significantly compared to figures recorded about two to ...
A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with ...
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