Crude Oil Reserves
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Will Iran-Israel Conflict Hit India's Oil Supply? Delhi Keeping Watch, Say Sources
India is closely reviewing the Iran-Israel conflict to assess the impact on crude oil and gas supply, sources have said.
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U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
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Oil Dives 4%, Below $100 On China lockdowns, Reserves Release Plan
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
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Oil Slumps To Three-Week Low After Fed Minutes, Big IEA Reserve Release Announcement
Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supply and hawkish minutes from the U.S. central bank that bolstered the dollar.
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Oil Prices Dive As U.S. Considers Record Reserves Release
The United States is considering releasing 180 million barrels of crude from its Strategic Petroleum Reserve.
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Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'
Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.
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Oil Rises To Over $120/bbl After Attack On Saudi Facilities
Crude prices rose more than 1% to over $120 a barrel on Friday, as traders reconciled the impact of a missile attack on an oil distribution facility in Saudi Arabia with a possible release of oil reserves by the United States.
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Oil At Seven-Year High As Ukraine Crisis Overshadows Fed
Oil extended gains to seven-year highs above $90 a barrel on Thursday as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy.
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Oil Settles Higher Despite Omicron Concerns
Oil prices settled higher on Tuesday, with Brent crude ending the session near $80 a barrel despite the rapid spread of the Omicron coronavirus variant.
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Oil Steadies As Investors Question Reserve Release
The United States said it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to try to cool prices after OPEC+ ignored calls to pump more.
-
Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'
Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.
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Oil Rises 3% To One-Week High After U.S. Taps Emergency Reserves
Brent futures rose $2.61, or 3.3%, to settle at $82.31, while U.S. West Texas Intermediate (WTI) crude rose $1.75, or 2.3%, to settle at $78.50.
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US To Sell 32 Million Barrels Of Crude From Four Sites As Part Of Strategic Sale
The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices.
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Will Iran-Israel Conflict Hit India's Oil Supply? Delhi Keeping Watch, Say Sources
India is closely reviewing the Iran-Israel conflict to assess the impact on crude oil and gas supply, sources have said.
-
U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
-
Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
-
Oil Dives 4%, Below $100 On China lockdowns, Reserves Release Plan
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
-
Oil Slumps To Three-Week Low After Fed Minutes, Big IEA Reserve Release Announcement
Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supply and hawkish minutes from the U.S. central bank that bolstered the dollar.
-
Oil Prices Dive As U.S. Considers Record Reserves Release
The United States is considering releasing 180 million barrels of crude from its Strategic Petroleum Reserve.
-
Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'
Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.
-
Oil Rises To Over $120/bbl After Attack On Saudi Facilities
Crude prices rose more than 1% to over $120 a barrel on Friday, as traders reconciled the impact of a missile attack on an oil distribution facility in Saudi Arabia with a possible release of oil reserves by the United States.
-
Oil At Seven-Year High As Ukraine Crisis Overshadows Fed
Oil extended gains to seven-year highs above $90 a barrel on Thursday as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy.
-
Oil Settles Higher Despite Omicron Concerns
Oil prices settled higher on Tuesday, with Brent crude ending the session near $80 a barrel despite the rapid spread of the Omicron coronavirus variant.
-
Oil Steadies As Investors Question Reserve Release
The United States said it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to try to cool prices after OPEC+ ignored calls to pump more.
-
Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'
Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.
-
Oil Rises 3% To One-Week High After U.S. Taps Emergency Reserves
Brent futures rose $2.61, or 3.3%, to settle at $82.31, while U.S. West Texas Intermediate (WTI) crude rose $1.75, or 2.3%, to settle at $78.50.
-
US To Sell 32 Million Barrels Of Crude From Four Sites As Part Of Strategic Sale
The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices.
