Sentences with phrase «oil inventories remain»

According to the U.S. Energy Information Administration, «U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years.»

In the meantime, crude oil inventories remain stubbornly high.

However, crude oil inventories remain high, with current storage levels near 500 million bbl, which is approximately 9 million bbl ahead of last year.

Not exact matches

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

In spite of analyst warnings, prices remained stable after the third weekly crude oil inventory increase, suggesting that market players have already factored in the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United States.

The American Petroleum Institute (API) reported a build of 6.181 million barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 10.1 million barrels for the week ending September 8 as many refineries in the Gulf Coast remain offline and demand in Florida wanes in the wake of the most recent hurricane.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

Even though demand is low and inventories are high, the price of oil (NYSE: USO) remains at an elevated level above where it should be, based on supply and demand factors from the market.