Articles for Us Crude

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade
1 week, 6 days ago

Oil spikes 1% in holiday-thinned session over China stimulus outlook; Brent hits $74 in rangebound trade

Live Mint  

International crude oil prices rose almost one per cent on Thursday, December 26, in a holiday-thinned trading session driven by hopes for additional fiscal policy stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in US crude inventories. Crude oil trades higher in holiday-thinned session -According to news agency Reuters, Chinese authorities …

China Oil Prices Oil Prices Cent Reuters Crude
US Oil Exports to China Dwindle as Demand Wanes, Buying Shifts
1 week, 6 days ago

US Oil Exports to China Dwindle as Demand Wanes, Buying Shifts

Live Mint  

-- US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and the country buys more barrels from countries including Russia and Iran. Exports of US oil to China plunged to 81.9 million barrels over the course of the year, down 46% from 150.6 million barrels last year, according to …

China Russia Crude Oil Exports Us Oil Us Crude Kpler Data
Oil prices pull back on delayed US Fed rate cuts; Brent down 1% to $82/bbl
10 months, 1 week ago

Oil prices pull back on delayed US Fed rate cuts; Brent down 1% to $82/bbl

Live Mint  

Oil prices pulled back on Wednesday, February 28, as the prospect of delays to US interest rate cuts and a jump in US crude stocks that beat expectations offset a boost from a potential extension to supply curbs by the Organization of Petroleum Exporting Countries. Last week, Brent crude declined about two per cent and WTI fell more than three …

Oil Oil Prices Cent Rate Crude Opec Brent
Oil prices soar, stocks tank as Russia-Ukraine war rages
2 years, 10 months ago

Oil prices soar, stocks tank as Russia-Ukraine war rages

Al Jazeera  

The price of crude oil has jumped more than $10 a barrel and shares were sharply lower as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Elevated oil prices may pose a threat to firms’ margins and consumer spending outlook.” Some analysts say sanctioning Russian oil will not necessarily harm Moscow. “If Russia gets to …

Ukraine Russia Prices Oil Prices High Russian Crude
Here comes $3 gas, just as Americans start traveling again
3 years, 9 months ago

Here comes $3 gas, just as Americans start traveling again

CNN  

New York CNN Business — Travel-starved Americans emerging from lockdown may need to budget for $3-a-gallon gasoline on their next road trip. That has led some critics to try to pin the “blame” for higher gas prices on Biden — even though energy industry insiders say the increase really is not about federal policy. “We view the recent sell-off as …

Energy Oil Prices Biden Crude Gasoline Gas Price
Saudi Arabia slashes oil shipments to America in bid to lift prices
4 years, 4 months ago

Saudi Arabia slashes oil shipments to America in bid to lift prices

CNN  

New York CNN Business — Saudi Arabia drew the wrath of Republicans in Washington this spring by sending an armada of tankers to America to drown US oil makers with cheap crude. The course-reversal by Saudi Arabia – from intentionally flooding the United States with excess crude to holding back barrels – underscores the kingdom’s dramatic efforts to revive depressed …

Market Oil States Trump Price Saudi Arabia Washington
Crude prices inch higher on US stockpile drop, but bleak outlook caps gains as virus pandemic crushes fuel demand
4 years, 7 months ago

Crude prices inch higher on US stockpile drop, but bleak outlook caps gains as virus pandemic crushes fuel demand

Firstpost  

A drop in US crude inventories provided some support to prices early in the trading session, Seoul: Oil prices were lifted on Thursday by an unexpected drop in US crude stocks, but gains were capped by both a bleak outlook for the world’s Number 1 economy as the coronavirus pandemic crushes fuel demand and concern over a potential second wave …

Demand Million Opec Crude Prices Bpd Fuel Demand Us Crude Inventories
Oil prices rise again as output cuts kick in to offset slump in fuel demand; US crude inventories grow less than expected
4 years, 8 months ago

Oil prices rise again as output cuts kick in to offset slump in fuel demand; US crude inventories grow less than expected

Firstpost  

Oil prices gave up some of their earlier gains as the month of May began with more of the volatility that made last month one of the most turbulent in the history of oil trading, when US futures briefly crashed into negative territory. Tokyo: Oil prices rose on Friday, extending the previous session’s gains, as major producers began output cuts …

Oil Prices Oil Prices Month Million Opec Crude Inventories
Oil price collapse in US not to lead to any big drop in petrol, diesel prices in India, say experts
4 years, 8 months ago

Oil price collapse in US not to lead to any big drop in petrol, diesel prices in India, say experts

Firstpost  

The historic rout in oil markets that sent US crude prices plummeting to as much as minus $40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on the different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet New …

India Oil Indian Prices Price Demand Covid
Oil prices rebound: US crude futures show modest rise from $0 a barrel, but gains capped on demand concerns
4 years, 8 months ago

Oil prices rebound: US crude futures show modest rise from $0 a barrel, but gains capped on demand concerns

Firstpost  

Oil prices have skidded as travel restrictions and lockdowns to contain the spread of the coronavirus curbed global fuel use, with demand down 30 percent worldwide. Seoul: Oil prices rebounded on Tuesday, with US crude turning positive after trading below $0 for the first time ever, but gains were capped amid unresolved concerns about how the market can cope with …

Market Oil Prices Oil Prices Crude Cnbc Opec
US crude plunges to 20-year low as coronavirus hits demand
4 years, 8 months ago

US crude plunges to 20-year low as coronavirus hits demand

Deccan Chronicle  

Singapore: US crude crashed to below $15 a barrel Monday, its lowest level for over two decades, with traders concerned that storage facilities are filling up as the coronavirus pandemic strangles demand. But prices have continued to fall as analysts say the cuts are not enough -- and US crude's collapse Monday was triggered by worries that key storage facilities …

Crude Opec Storage Facilities Us Crude
Coronavirus Outbreak: Oil prices jump on hopes of OPEC, Russia meeting tomorrow on output cuts
4 years, 9 months ago

Coronavirus Outbreak: Oil prices jump on hopes of OPEC, Russia meeting tomorrow on output cuts

Firstpost  

Oil bounced back on Wednesday, with US crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic Seoul: Oil bounced back on Wednesday, with US crude jumping over $1, lifted by hopes that a meeting between OPEC …

Saudi Arabia Crude Output Cuts Output Cuts Prices Jump Us Crude
US crude hits 18-year low at $24.44 per barrel as lockdowns, travel restrictions spread; demand in April expected to fall
4 years, 9 months ago

US crude hits 18-year low at $24.44 per barrel as lockdowns, travel restrictions spread; demand in April expected to fall

Firstpost  

Brent crude was trading down $1.39, or nearly 5 percent, at $27.34 a barrel, after dropping to $27.31, its lowest since early 2016. London: Oil prices fell for a third session on Wednesday with US crude futures tumbling to an 18-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand. “The oil demand …

Russia Oil Fall Demand Low Crude Opec
Coronavirus impact: BPCL procures 500 mn barrels of 'opportunity' crude from distress sale after prices plunge
4 years, 10 months ago

Coronavirus impact: BPCL procures 500 mn barrels of 'opportunity' crude from distress sale after prices plunge

Firstpost  

BPCL will not buy more such crude as it will make inventory management unwieldy, said R Ramachandran, director of refineries Mumbai: Sell-off-bound Bharat Petroleum has procured 500 million barrels of distress crude at a discount of $3-5 per barrel to the already low prevailing price following order cancellations by coronavirus-hit China this month. “We imported 1.6 million tonne crude from …

India China Oil Million Bpcl Us Crude Distress Crude