EconomyOfficialReported
US Oil Inventories Fall by 0.6 Million Barrels, Department of Energy Reports
Weekly data shows crude stocks remain below their five-year seasonal average, according to the US Department of Energy.
· 1 min read
Tagged “energy-markets”
ClearEGEGazette
BusinessReported
Oil Prices Fall for Third Straight Day on Saudi Supply Hopes
U.S. crude briefly slipped below $100 a barrel as additional Saudi Arabian supplies eased concerns over disruptions, CNBC reported.
· 1 min read
BusinessOfficialReported
Oil Prices Fall More Than 3% as Middle East Supply Fears Ease
Brent crude slipped to around $102 a barrel and US benchmark WTI fell below $100, according to Anadolu Agency, as immediate concerns over Middle East supply disruptions eased.
· 1 min read
BusinessOfficialReported
Brent Crude Falls Below $102 a Barrel, Lowest Since September 10
The global oil benchmark dropped 3.7% on London's ICE exchange, marking its first dip under $102 in weeks, according to TASS.
· 1 min read
BusinessOfficialReported
Brent Crude Falls Below $103 a Barrel for First Time Since September 10
Oil prices declined on London's ICE exchange, with WTI futures also dropping sharply, according to TASS.
· 1 min read
BusinessReported
Oil Prices Extend Decline as Saudi Arabia Reportedly Offers Ship-to-Ship Crude Transfers After Pipeline Strike
According to a CNBC report, additional Saudi crude supply options eased market concerns over potential disruptions to the kingdom's oil exports following a reported pipeline attack.
· 1 min read
EGEGazette
EconomyOfficialReported
Brent Crude Surges Past $109 a Barrel in ICE Trading Rally
Benchmark oil price jumped more than 3% during Tuesday trading, according to data reported by Russian news agency TASS.
· 1 min read
EGEGazette
EconomyReported
Saudi Arabia Works to Restore Key Oil Pipeline as Analysts Warn of Price Risks
CNBC reports that Saudi Arabia is racing to bring its East-West pipeline back online, with analysts cautioning that oil prices could surge if the outage outlasts existing inventory buffers.
· 2 min read
EGEGazette
BusinessReported
Saudi Arabia Moves to Restart Key Pipeline as Oil Market's Safety Net Frays
Analysts cited by CNBC warn that crude prices could rally sharply if the East-West Pipeline stays offline beyond a five-to-seven-day inventory buffer.
· 2 min read
EconomyReported
Brent crude holds near $100 as U.S.-Iran tensions raise supply concerns
Oil prices extended gains Wednesday amid escalating U.S.-Iran hostilities and worries over Middle East energy disruptions.
· 1 min read