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Energy Information Administration

Oil begins new year with gains, Omicron worries linger

Oil begins new year with gains, Omicron worries linger

Mon, Jan 03, 2022

Oil prices firmed on Monday as the market kicked off 2022 on a positive note with suppliers in focus ahead of Tuesday`s OPEC+ meeting, although surging COVID-19 cases continued to dent demand sentiment.

Oil rises as China reports record crude imports, but soaring US output caps gains

Oil rises as China reports record crude imports, but soaring US output caps gains

Thu, Nov 08, 2018

Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world`s No.2 economy could stoke an emerging fuel glut.

Oil edges up on North Sea pipeline outage, lower US crude stocks

Oil edges up on North Sea pipeline outage, lower US crude stocks

Wed, Dec 20, 2017

U.S. West Texas Intermediate (WTI) crude futures were at $57.73 a barrel at 0312 GMT, up 17 cents, or 0.3 percent, from their last settlement.

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Oil rises to near one-month high on supply tightening

Oil rises to near one-month high on supply tightening

Wed, Apr 05, 2017

"The immediate reason for the move was an unplanned production outage in the North Sea," said Sukrit Vijayakar, director of energy consultancy Trifecta, referring to an unplanned production outage at the Buzzard oil field in the North Sea.

Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official

Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official

Fri, Mar 24, 2017

An Energy Ministry official from Saudi Arabia has said on Thursday that the country`s crude exports to the United States (US) in March will fall by around 300,000 barrels per day from February, in line with OPEC`s agreement to reduce supply.

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

Thu, Mar 23, 2017

Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.94 per barrel at 0146 GMT, up 30 cents, or 0.59 percent, from their last close. That came after Brent briefly dipped below $50 a barrel the previous session for the first time since November.

OPEC figures show over 90% compliance with supply cut: Sources

OPEC figures show over 90% compliance with supply cut: Sources

Fri, Feb 10, 2017

The Organisation of the Petroleum Exporting Countries (OPEC) has delivered more than 90% of pledged oil output curbs in January whereby making a strong start to implementation of its first production cut in eight years.

Oil prices fall for fourth day after stockpile build

Oil prices fall for fourth day after stockpile build

Wed, Nov 02, 2016

Crude oil prices fell for a fourth day on Wednesday, with jittery investors awaiting official US stockpile figures later in the day after less comprehensive industry data showed a surprise build in inventories.

Oil prices dip after reaching June highs following US crude stock draw

Oil prices dip after reaching June highs following US crude stock draw

Thu, Oct 06, 2016

Oil prices dipped on Thursday but remained near June highs reached the previous session when they were buoyed by a fall in US crude inventories. US West Texas Intermediate (WTI) crude oil futures were trading at $49.63 per barrel at 0051 GMT, down 20 cents from their last settlement.

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