Sentences with phrase «crude oil stockpiles»

The American Petroleum Institute reported last Tuesday crude oil stockpiles rose by 1.099 million barrels.

The price of oil dropped more than 3 percent after the U.S. government said crude oil stockpiles grew more than expected last week, while gasoline stockpiles didn't shrink as much as investors hoped.

But experts warn that OPEC needs to extend the cuts beyond March 2018 in order to continue depleting crude oil stockpiles.

Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week and a weakening dollar, but concern that a two - month Continue Reading

U.S. commercial crude oil stockpiles were seen touching new record highs for the seventh straight week, while gasoline Continue Reading

S&P Platts said at the start of this week that analysts it polled had forecast a 2.4 - million - barrel build in crude oil stockpiles, with the agency warning this would pressure prices, along with a surge in oil imports.

Not exact matches

Oil prices came under pressure on Wednesday as weekly government data showed a larger - than - expected rise of 5 million barrels in U.S. crude stockpiles.

The producers will review the deal at the next OPEC meeting in June to assess how it is impacting oil prices and global global crude stockpiles.

The banks says the long - oversupplied oil market is tightening up more quickly than expected as global economic growth fuels demand and output cuts by OPEC, Russia and several other producers eat into the world's crude stockpiles.

Investors will scour weekly oil inventory statistics from the Energy Information Administration later on Thursday after industry data showed a rise of 2.1 million barrels in crude stockpiles last week.

Early in 2014 the rookie hedge fund manager noticed something unusual: The amount of crude oil being stockpiled around the world was building much faster than normal for that time of year.

Oil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumOil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumoil consumer.

NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

However, world oil stockpiles are finally dissipating, with the discount narrowing on immediate supplies of Brent crude, a clear indication that surplus is fading.

U.S. crude oil futures CLcv1 settled at $ 64.38 per barrel, down 1.3 percent, after data from the Energy Information Administration showed a surprise build in U.S. crude stockpiles.

The U.S. Energy Department's inventory release showed that crude stockpiles recorded a big weekly build as domestic oil production reached another all - time high.Middle East...

China does not release a lot of data regarding the specifics of its SPR, but oil imports have spiked over the past year — China has been taking advantage of cheap crude to build up its strategic stockpile.

Crude futures held on to strong gains in early Asian trading on Thursday, after the U.S. Federal Reserve kept rates unchanged and a weekly government report on oil stockpiles showed an inventory build that was within expectations.

The Crude Oil inventories that will be released at 3:30 GMT today are expected to show a decrease in US stockpiles of 0.5 million barrels.

Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute (API) due Tuesday after data last week showed an unexpected build in U.S. crude stockpiles.

In addition, FE manages the Nation's emergency stockpile of crude oil and petroleum at the Strategic Petroleum Reserve, the Northeast Home Heating Oil Reserve, and the Naval Petroleum and Oil Shale Reservoil and petroleum at the Strategic Petroleum Reserve, the Northeast Home Heating Oil Reserve, and the Naval Petroleum and Oil Shale ReservOil Reserve, and the Naval Petroleum and Oil Shale ReservOil Shale Reserves.

The energy sector -LRB--2 %) sank alongside the price of crude oil after U.S. crude stockpiles increased by 1.6 M barrels last week, with WTI May crude futures slipping 1.3 % to $ 64.38 / bbl.

TOKYO (Reuters)-- Oil prices rose on Thursday, holding onto a late - session rally the previous day, buoyed by the U.S. government data showing a surprise drawdown in crude stockpiles.