(IEA) The International Energy Agency expects the emergence of the Omicron variant to only slow down oil demand recovery, with impacts relatively muted. IEA says Omicron is likely to ease…
(Bloomberg) The West Texas Intermediate crude topped $68 on Friday after OPEC+ said it could alter the $400,000 barrels a day production boost set for January. OPEC+, which put a…
(Bloomberg) The West Texas Intermediate crude fell up to 4.8% on Thursday as investors expect OPEC+ to increase oil production in January. Bets against oil rose as Russia proposed a…
(FT) Energy Aspects’ director of research, Amrita Sen, has termed the release of 50 million barrels of crude by the US as a “a symbolic move,” with negligible impact. Sen…
Total crude oil inventories in the US for the week that ended November 12 was 433.0 million barrels, a decline of 2.1 million barrels from the previous week. Source: EIA…
(OPEC) OPEC+ is forecasting that oil demand will average 99.49 million barrels per day in the fourth quarter of 2021, down 330,000 bpd from October's forecast. OPEC+ cites high energy…
(SEC Filing) US Securities and Exchange Commission has revealed that it has started a hearing to convert the Grayscale Bitcoin Fund into an exchange-traded fund. The SEC has 45 days…
(EIA) US crude oil inventories rose by 3.3 million barrels in the week that ended October 29 to reach 434.1 million barrels. Refinery inputs fell by 25,000 bpd, to average…
(Bloomberg) OPEC+ could clash with the US over its decision to stick with a gradual increase in oil output against calls by President Biden for higher production. The US is…
(EIA) US crude oil inventories rose by 4.3 million barrels in the week ending October 22 to average 430.8 million barrels. Crude oil refinery inputs surged by 58,000 bpd to…
(Bloomberg) Beijing wants coal miners in the country to pump more resources to boost coal output to over 12 million tons a day in the final three months of the…
(EIA) US crude oil inventories hit 426.5 million barrels for the week that ended October 15, a decline of 400,000 barrels from the previous week. The inventories were expected to…