Post Tagged with: "oil inventories"
Crude inventories to sink to 8-year low this year: Nuttall
Inventories of crude oil will reach an 8-year low by the end of this year, Eric Nuttal, partner and Senior Portfolio Manager at Ninepoint Partners, told BNN Bloomberg TV on Tuesday.
While persistent fear of China’s stuttering …
U.S. crude oil inventories continue to build
Crude oil inventories in the United States saw another significant increase, with a 6.203 million barrel increase last week, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of barrels gained so far this …
OPEC bullish on oil market recovery but virus variants pose risk
LONDON – OPEC sees a strong rebound in oil demand in the second half of 2021 with oil inventories shrinking but the producer group also sees coronavirus variants posing a risk to the recovery.
Demand in 2021 was expected …
Oil extends gains on vaccine hopes, shrugs off U.S. inventory build
LONDON – Oil prices climbed for a fourth straight session on Wednesday, shrugging off a report showing U.S. crude inventories rose more than expected and extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.…
Exclusive: OPEC+ sees oil cut extension curbing 2021 rise in oil stocks, document shows
DUBAI/LONDON/MOSCOW – OPEC and its allies see oil inventories declining further in 2021 should producers extend supply curbs for three months or more, a confidential document seen by Reuters shows, supporting the case for a tighter policy on crude …
Oil inventories to edge up, impact from Biden policies to take time – Mercuria
LONDON – Global oil inventories may see a small rise in November due to new coronavirus-related restrictions but could return to pre-COVID-19 levels as soon as the second quarter of 2021, the chief executive of Mercuria Energy Trading said …
Exclusive: OPEC fears second virus wave to prolong oil inventory overhang
LONDON – OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal …
