Sentences with phrase «oil inventories down»

On Wednesday, Saudi Energy Minister Khalid al - Falih said — after meeting with his Russian counterpart Alexander Novak — that OPEC and non-OPEC producers are committed to do «whatever it takes» to draw the global crude oil inventories down to their five - year average.

Not exact matches

Last year, oil demand growth surprised a bit on the upside, helping bloated inventories to draw down significantly.

SINGAPORE, May 3 - Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that undermined efforts by OPEC to cut supplies, although potential new U.S. sanctions against Iran kept markets on the...

Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production.

CNBC's Jackie DeAngelis reports on the weekly EIA status report showing crude oil inventories up at 3.9 million barrels and gasoline inventories down at 4.5 million barrels.

SINGAPORE, May 3 (Reuters)- Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

SINGAPORE, May 3 - Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.

* OIL: Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.

The initial enthusiasm over OPEC's production cut deal died out rather unceremoniously, and oil prices only enjoyed a brief rally, hammered down continually by rising U.S. supply and slower - than - expected drawdowns on inventory.

An unexpected rise in the API US Oil Inventory Report pushed oil lower (WTI down to $ 67.58) and weighed on stocOil Inventory Report pushed oil lower (WTI down to $ 67.58) and weighed on stocoil lower (WTI down to $ 67.58) and weighed on stocks.

Oil prices dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that is countering efforts by producer group OPEC to cut supplies and prop up prices.

With oil prices already down on the day, the American Petroleum Institute (API) reported a large build of 3.427 million barrels of United States crude oil inventories for the week Continue Reading

Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the oil market on the right track towards rebalancing, according to industry executives who spoke at a conference on Tuesday.

From completely unsubstantiated stories of critical supply hubs in Africa being drained of oil to another article exposing China as an oil hoarder, the trend is unmistakable — inventories are coming down.

The energy sector has been out of favor for so long now that the lack of investment combined with OPEC production cuts are pushing down global oil inventories while world economies continue to grow.

Singapore: Oil prices fell early on Thursday, pulled down by a rise in US crude inventories and record weekly US production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

Even though we may be perhaps two - thirds through the inventory destocking part of the down cycle, what does the longer - term future hold for steel and crude oil prices?

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