Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...
U.S. oil futures on Wednesday marked their lowest settlement price of the year so far after official data revealed a weekly ...
Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...
U.S. Crude Oil Stockpiles Rise for First Time in 10 Weeks U.S. crude oil inventories increased for the first time in 10 weeks as exports fell and refineries lowered their capacity use, according to ...
Commercial crude stockpiles rose by 3.5 million barrels. Analysts had predicted inventories would increase by 1.1 million ...
The EIA confirmed a build in both crude and gasoline stocks for this week, but a large draw in distillate stocks ...
The American Petroleum Institute, an industry trade group, late Tuesday reported a 2.9 million barrel rise in U.S. crude inventories last week, according to a source citing the data, while gasoline ...
U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing ...
In 2024, crude oil inventories dropped by more than 12 million barrels, according to the API’s inventory data, with the ...
Analysts at Standard Chartered Bank noted that, in their view, 'the most important current feature of the oil market is ...
“The 2025 budget is predicated on crude oil production of 2.062 million barrels at $75 per barrel whereas our current production is averaging 1.7 million barrels leaving a deficit of about ...