Tag: EIA
Oil Prices Rebound Following Surprise Drop in US Crude and Gasoline Stocks
Jennifer -
Oil prices rebounded on Thursday as unexpected drawdowns in U.S. crude and gasoline inventories provided support, despite indications that the U.S. Federal Reserve may...
Oil Prices Dip from Multi-Month Highs as Strong Dollar Dampens Demand
Jennifer -
Global oil prices retreated slightly on Wednesday, driven by a stronger dollar and profit-taking following recent multi-month highs. The market remains cautious amid ongoing...
Oil Prices Rise on Strong US Fuel Demand Amid Supply Concerns
Jennifer -
Oil prices experienced gains in early trading on Thursday, bolstered by robust demand in the U.S. following a decrease in gasoline stocks to a...
Oil Prices Experience Volatility Amid Weak Demand and Strong Dollar
Jennifer -
Global oil prices exhibited volatility on Wednesday, fluctuating between modest declines and gains as traders assessed the impact of escalating geopolitical tensions, concerns over...
How Much Crude Oil is Trading at and Factors Influencing Prices?
Jennifer -
Crude oil, often referred to as the lifeblood of the global economy, serves as a critical commodity with far-reaching implications on various industries and...
Oil Prices Retreat, Ending Three-Day Winning Streak
Jennifer -
Oil prices experienced a decline on Thursday, interrupting a three-day winning streak, with concerns over diminished demand triggered by an unexpected U.S. crude inventory...
Oil Prices Surge 1% Amid Concerns Over Red Sea Shipping Disruptions
Jennifer -
Oil prices experienced a notable increase of more than a dollar per barrel on Tuesday, building on the gains from the previous session. The...
Oil Prices Stabilize Amid Heightened Tensions in the Red Sea and Ongoing U.S. Supply Concerns
Jennifer -
In the wake of recent attacks by Iran-aligned Yemeni Houthi militants in the Red Sea, global oil markets experienced minimal movement on Wednesday. Investors...
Who owns the north sea oil: A Comprehensive Exploration
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The North Sea, a vast and resource-rich body of water, has long been a focal point in discussions surrounding energy resources, specifically oil. The...
Oil Prices Fluctuate Amid Record US Production and Stockpile Forecasts
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Oil prices experienced a volatile day in the market, with Brent futures ending slightly higher while U.S. West Texas Intermediate (WTI) crude closed lower...
Massive Increase in US Crude Stocks of Nearly 13 Million Barrels; Gasoline Inventories Rise
Jennifer -
In a significant development, the American Petroleum Institute (API) reported on Tuesday a substantial increase in US crude oil stocks, potentially the largest since...
Crude Oil Prices Display Marginal Gains as Markets Await Catalysts
Jennifer -
Crude oil prices in the Asian session experienced slight gains, hovering a few cents above the previous day's lower closing prices. The oil market...