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June 16, 2021

Oil steadies after hitting 2-yr high as demand hopes face supply growth- oil and gas 360

Oil hits new high near $75 on demand rise, falling inventories

June 16, 2021

Reuters LONDON -Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories. The American Petroleum Institute reported U.S. crude inventories fell 8.5 million barrels, two market sources said, more than analysts forecast. [API/S] Official Energy

Exclusive: Private equity firms Quantum, EnCap bid for oil producer EP Energy - sources- oil and gas 360

Brace for huge oil volatility, U.S. trading group says

June 16, 2021

Reuters LONDON – Oil prices are likely to be extremely volatile in the next few years, driven by supply constraints rather than demand as financing for new production evaporates in favour of renewables, U.S.-based Castleton Commodities International said. “You could see spikes to even higher than $100 a barrel, even $130, and you could also see it go down to

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 7.4 million barrels

June 16, 2021

Weekly Crude Oil Storage as of June 11, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.4 million barrels from the previous week. At 466.7 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year, according to the EIA crude oil and petroleum

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