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US Crude Oil, Fuel Stocks Dip Further Tightening Supply

2021-10-21 00:15:00| OGI

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.3 million barrels to 31.2 million barrels. Thats the lowest level since October 2018, and points to tightness in the market that may take some time to alleviate.

Tags: supply oil fuel stocks

 

Oil Holds above $50/bbl on US Stocks Draw, Brexit Deal Hopes

2020-12-24 14:36:01| OGI

Oil prices edged down on Dec. 24 but were holding well above $50 per barrel in light holiday trade as a drop in U.S. stockpiles spurred demand hopes, while hints of an imminent Brexit deal underpinned investors' risk appetite.

Tags: deal oil draw holds

 
 

US Crude Oil Stocks End Streak of Inventory Drawdowns with Surprise Build

2020-09-10 21:35:00| OGI

Crude inventories rose by 2 million barrels in the week to Sept. 4 to 500.4 million barrels, according to an EIA report, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel drop.

Tags: end build oil inventory

 

OPINION: US Oil Stocks Stabilize as Industry Adapts to Shock

2020-05-22 16:00:00| OGI

Excess crude inventories are easing, with refined fuel stocks taking longer as consumption lags.

Tags: industry opinion oil shock

 

IEA: Oil Stocks, Non-OPEC Output To Buffer Market From Shocks

2020-01-16 17:18:07| OGI

The risk has receded for now, the agency said.

Tags: market oil output stocks

 

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