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Turkey's energy import bill down 59.8% in April 2020
- Country's crude oil imports decrease by 1.1% in April 2020 compared to same month of 2019
US crude oil stocks rise against market expectation
- Commercial crude oil inventories rise for first time after two consecutive weeks of decreases
OPEC and allies hold oil output cut commitment talks
- OPEC+ must remain committed to adjustments despite signs that demand is recovering from coronavirus slump, Barkindo says
Oil loses most of weekly gains with US-China tension
- World's two largest economies at forefront of global economic slowdown, weakening oil consumption
US crude oil stocks post second decline since January
- Commercial crude oil inventories fall for second time after 15 consecutive weeks of increases
US crude oil production forecast to fall in 2020, 2021
- Estimated 0.8 million bpd year-over-year output fall in 2021 would be the largest annual decline in US crude oil production on record
US to buy oil for strategic reserve to test market
- An initial 1 million barrels of crude oil to be bought for strategic petroleum reserve
Oil prices up with surprise decline in US crude stocks
- Despite decline in crude inventories, over 82% of capacity is full in US storage hub
US crude oil stocks post first decline since January
- Commercial crude oil inventories fall for first time after 15 consecutive weeks of increases
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Kazakh oil output rises 6% in 1st quarter: Energy min.
- Energy Minister says his country’s oil exports exceeded expectations and reached 25.3 million in first four months of 2020
Saudi Aramco's net income declines 25% in first quarter
- Revenue down 16% year-over-year
US crude oil inventories show rise for w/e May 1
- Commercial crude oil stocks increase by 4.6 million barrels
Saudi, Russia, US share fight intensifies in oil market
- Weak demand, low prices force Riyadh and Moscow to raise competition in Asian and European oil markets
Turkey's energy import bill down 27.5% in March 2020
- Country's crude oil imports increase by almost 7.2% in March 2020 compared to same month of 2019
US crude oil inventories show strong rise for w/e April 24
- Commercial crude oil stocks rise by 9 million barrels
Low liquidity, limited storage push WTI below zero: EIA
- As of April 17, crude oil inventories in Cushing, Oklahoma totaled 60 million barrels, implying crude storage was 76% full
Oil up as US crude stocks due to fall short of estimate
- US estimates addition of 9.98 million barrels in crude stocks, but market estimate is rise of 10.62 million barrels
US crude oil inventories show strong rise
- Commercial crude oil stocks rose by 15 million barrels
S. Aramco to supply 8.5 million bpd of crude from May 1
- Saudi Arabia is expected to cut its oil production by 3.5 million bpd, from 12 million bpd to 8.5 million bpd
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Saudi Aramco refutes reports of change in payment terms
- Some media outlets report firm offered Asian, European refineries the right to delay crude cargo payments for up to 90 days
US crude oil inventories show strong rise
- Commercial crude oil stocks rose by 19.2 million barrels, compared to market estimate of 11.7 million barrels increase
Low oil demand pushes global stock capacity to over 80%
- China's oil stocks to reach 1.1 billion barrels this month while India has fullest storage capacity, experts say
Brent oil trading below $30, after 6% drop on Tuesday
- With low oil consumption and rising oversupply, producers are having hard time storing excess amounts of crude
US to award 23 million barrels oil storage for 9 firms
- Most deliveries to be received in May and June 2020, with possible early deliveries in April, US energy secretary says
US crude oil inventories show strong rise
- Commercial crude oil stocks rose by 15.2 million barrels, compared to market estimate of 9.27 million barrels increase
EIA revises down Brent price forecast by $10 for 2020
- International benchmark expected to average $33 per barrel this year, down from previous estimate of $43 a barrel
US crude oil inventories show strong increase
- Commercial crude oil stocks rose by 13.8 million barrels, compared to market estimate of 4 million barrels increase
Turkey's energy import bill down 7.4% in February 2020
- Country's crude oil imports decrease by almost 0.7% in February 2020 compared to same month in 2019