(OPEC) OPEC has indicated sticking with its output increase policy, as the cartel sees any reduced supply due to the Russian-Ukraine conflict being offset by dampened global demand. OPEC+ expects…
(Markets Insider) Strategists at JPMorgan believe investors can benefit from another 40% bull run in commodities, pointing out that the asset class is still under-allocated. The strategists say that commodity…
(EIA) Total commercial crude oil inventories in the US were recorded at $412.4 million barrels in the week to April 1, reflecting an increase of 2.4 million from the previous…
(Bloomberg) US officials are targeting about one million barrels of oil every day from its strategic reserves to combat rising prices. The officials reportedly target up to a total of…
(EIA) The total commercial crude oil inventories in the US was recorded at 409.9 million barrels in the week that ended March 25, down by 3.4 million barrels from the…
(EIA) US crude oil inventories fell by 2.5 million barrels in the week that ended March 18 to 413.4 million barrels. The total motor gasoline inventories declined by 2.9 million…
(EIA) US stockpiles of crude oil rose by 4.3 million barrels to 415.9 million barrels in the week that ended March 11. Total motor gasoline inventories fell by 3.6 million…
(IEA) The International Energy Agency is predicting shocks in global oil markets, warning that growing sanctions against Russia could see its output fall by a quarter next month. The indicated…
(WSJ) Saudi Arabia is reported to consider selling some of its oil to China in yuan, with talks between the two countries underway. If the deal materializes, it is expected…
(Bloomberg) Liquidations on net-bullish bets on Brent crude hit a record last week as hedge funds exited positions following a run to almost $140 a barrel. The Intercontinental Exchange Inc.…
(IEA) The US reported 411.6 million barrels of crude oil inventories in the week that ended March 4, down by 1.9 million barrels from the previous week. Inventories of motor…
(Reuters) OPEC+ chief Mohammed Barkindo has warned that the world lacks the capacity to replace 7 million barrels a day of oil from Russia as countries move to ban imports.…