US Crude Oil Storage Demand Surges as Traders Brace for OPEC+ Price War

Wedoany.com Report-May 23, U.S. crude oil storage demand has increased significantly in recent weeks, reaching levels not seen since the COVID-19 pandemic, according to data from storage broker The Ta...

US Crude Oil Stocks Excluding SPR Fall to 2-Year Low, EIA Says

U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said...

Oil
2025-01-16

US Crude Oil Stocks Fall for Fifth Straight Week

Wedoany.com Report-Dec 30,US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline. Data released today, Dec. 27, by the US Energy Information A...

Oil
2024-12-30

Crude Oil Futures Rise on Spot Demand - PTI

Wedoany.com Report-Dec 25,Crude oil futures climbed on Monday, driven by increased demand in the spot market. WTI and Brent crude also saw gains in global markets. Crude oil prices on Monday climbed R...

Oil
2024-12-25

North Dakota Crude Output Cut by 520,000 B/D After October Wildfires

Wedoany.com Report-Dec 23,North Dakota, the third-largest producing state in the U.S., saw its crude production fall by 520,000 barrels per day in October after operators shut in wells to protect agai...

Oil
2024-12-23

US Sanctions Disrupt Iranian Crude Flows to China, Vortexa Says

Wedoany.com Report-Dec 17,Iranian crude exports to China have been disrupted by broader US sanctions on tankers, according to Vortexa Ltd., squeezing oil flows to the OPEC producer’s most import...

US Crude Market Signals Glut for First Time in Nine Months

Wedoany.com Report-Nov 19, A key oil market gauge is flashing signs of oversupply in the US, in the latest indication of a looming global glut. The so-called prompt spread — which measures the differ...

Oil
2024-11-19

Eia: US Crude Inventories Up 2.1 Million BBL

Wedoany.com Report-Nov 16, US crude oil inventories for the week ended Nov. 8, excluding the Strategic Petroleum Reserve, increased by 2.1 million bbl from the previous week, according to data from th...

Oil
2024-11-16