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Tag: oil stocks
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.
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.
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.
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