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US oil rig count up by 12 for week ending Oct. 15
- Number of US oil rigs rise by 240 compared to one year ago
Oil up over 1% from rising demand for week ending Oct. 15
- Although US crude oil stocks record surprise build, oil prices continue upward movement amid global energy crisis
Oil up as industries continue favoring cheaper oil for power generation
- Unexpected rise in US crude oil stocks was not enough to cool down upswing in oil prices
US crude oil inventories up 1.4% for week ending Oct. 8
- Commercial crude oil stocks increase by 6.1 million barrels, higher than market expectation of 140,000-barrel rise
IEA 2021/2022 oil demand forecast up from global switch to oil from coal, gas
- Supply crunch is impacting power generation plants, fertilizer producers, manufacturing operations and refineries, says IEA
OPEC revises down 2021 global oil demand, keeps it unchanged for 2022
- Crude output rises mainly in Nigeria, Saudi Arabia, but decreases in Venezuela, Libya, says OPEC
Oil prices down as rising commodity prices boost inflation concerns
- Strong dollar which renders dollar-indexed crude oil more expensive for buyers also discourages investors
Oil prices mixed as supply-induced uncertainties continue
- Faster oil demand recovery, supply lagging behind demand, and energy crisis from supply chain disruptions push energy prices up
Lebanon says consortium remains committed to exploration deal
- Deal signed in 2018 covers offshore Blocks 4 and 9
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Oil prices up over supply worries coupled with growing demand
- Soaring coal and gas prices make oil an attractive, cheaper alternative for power generation
WTI crude oil climbs over $80 a barrel first time since 2014
- Amid global energy price crisis, US WTI crude oil hits record high level after US shelves sales from strategic reserve
Oil up more than 5% in week ending Oct. 8 amid ongoing natural gas crisis
- OPEC+ decision to hold supply at current level, natural gas price hikes forcing producers to prefer relatively cheaper oil are among few factors that pushe oil prices up this week
Oil resumes gains over rising demand, shelving of US oil reserve sale
- US has world's largest strategic reserves of approximately 714 million barrels stored in huge underground salt caverns at four sites
Oil declines from multi-year-highs over build of US crude stocks
- Commercial crude oil stocks in US increase by 2.3 million barrels, higher than market expectation of 300,000-barrel rise
US crude oil inventories up 0.6% for week ending Oct. 1
- Commercial crude oil stocks increase by 2.3 million barrels, higher than market expectation of 300,000-barrel rise
Oil prices at record high after OPEC+ maintains previously agreed output levels
- Group decides to pump 400,000 bpd in November, ignoring calls to ramp up the production amid rising demand
OPEC+ reaffirms existing production policy for November
- Next meeting of OPEC and non-OPEC members scheduled for Nov. 4
High oil prices threaten already-fragile global energy markets
-Knock-on effect continues after soaring prices, induced by low supply, hit energy markets just as industries start recovering from effects of last year's demand shortfall
US oil rig count up by 7 for week ending Oct. 1
- Number of US oil rigs rise by 239 compared to one year ago
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Euro area inflation in September at 13-year high of 3.4%
- Energy shows highest annual increase with 17.4% last month, according to Eurostat
Oil down amid supply concerns in week ending Oct. 1
- Rising gas supply fears, strong dollar, surprise US crude oil stocks are among few factors that affected oil prices this week
Oil down over supply concerns, strong dollar
- Surprise build in US commercial crude inventories also weighes on prices
Turkey's oil imports down 1.3% in July 2021
- Total domestic oil product sales increase by 0.2% to 2.95 million tonnes in July this year
Iraq says talks underway to reopen Kirkuk-Ceyhan oil pipeline
-970-kilometer-long pipeline was closed in 2014 due to Daesh attacks
Turkey's energy import bill up 104% in August 2021
- Overall energy import bill increases in August due to rise in country's industrial production
US crude oil inventories up 1.1% for week ending Sept. 24
- Commercial crude oil stocks increase by 4.6 million barrels, against market expectation of 2.3 million-barrel draw
Oil prices volatile as US crude stocks rise, energy crisis continue
- US commercial crude inventories rise by 1.1% for week ending Sept. 24, against expected fall of 2.3 million barrels per day
Oil down over demand worries as US stocks rise
- US crude oil inventories are forecast to rise by over 4.12 million barrels, American Petroleum Institute figures show