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Oil prices down over China’s lackluster economic growth
- Uncertainties over oil demand especially in aviation sector continue to weigh on markets, analysts say
Brent oil price up 0.70% for week ending Oct. 16
- OPEC, IMF, Fitch Ratings and IEA release outlooks on future of oil with pessimistic views for 2020, slight recovery in 2021
US crude oil inventories fall in week ending Oct. 9
- Commercial crude oil stocks decrease by 3.8 million barrels compared to market forecast of around 2.8 million-barrel draw
Oil prices down over negative demand projections
- Strong dollar is exerting oil price pressure, making them more expensive for other currency holders
Oil prices down over market uncertainty
- Investors worry about demand as France starts imposing night curfews to stem spread of virus
Oil prices down over weak demand concerns
- COVID-19’s uncertainties over contact-intensive sub-sectors - travel, transportation & tourism will continue in 2021: OPEC
Oil prices up on hopes boosted for COVID-19 vaccines
- Further price rises capped by oversupply concerns as demand recovery fails due to increasing pandemic cases worldwide
Oil prices down on conclusive signs in strike in Norway
- Norwegian Oil and Gas Association warns 25% of hydrocarbon output on Norwegian shelf will be affected if strike continues
Oil prices slightly up as Hurricane Delta halts output
- Almost 29% of oil output is forced to shut down due to Hurricane Delta which is expected to reach Gulf of Mexico on Friday
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US crude oil inventories rise for week ending Oct. 2
- Commercial crude oil stocks increase by 500,000 barrels compared to market forecast of around 400,000 million-barrel rise
Oil prices fall as Trump postpones virus stimulus talks
- US President Donald Trump says he called off negotiations for coronavirus stimulus deal until after elections
Oil prices up as Trump discharged from hospital
- US President Donald Trump was receiving treatment after he tested positive for COVID-19 last week
Oil prices up over news of Trump’s improving health
- US President Donald Trump has been receiving medical treatment since he tested positive last week
Brent slightly up on optimism over US covid relief deal
- US Treasury Secretary Steven Mnuchin relays progress in talks with House Speaker Nancy Pelosi on stimulus bill
US crude oil inventories fall for week ending Sept. 25
- Commercial crude oil stocks decline by 2 million barrels compared to market forecast of around 1.4 million-barrel rise
Oil prices drop as markets suffer from demand crisis
- Uncertainty over coronavirus outbreak continues to negatively affect global economic recovery
Turkey's energy import bill down 34.5% in August 2020
- Country's energy bill decreases due to fall in country's crude oil purchases
Oil price up with new US coronavirus relief bill hopes
- Coronavirus deaths worldwide now total over 1 million, according to the latest data from Johns Hopkins University
Oil prices decline as US stocks drop less than expected
- US crude oil inventories fall by 1.6 million barrels compared to market expectation of 2.3 million-barrel draw
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US crude oil inventories fall for week ending Sept. 18
- Commercial crude oil stocks decline by 1.6 million barrels compared to market forecast of around 2.3 million-barrel rise
Oil prices slide with US crude buildup estimates
- US crude oil inventories are expected to rise by 691,000 barrels for week ending Sept. 18
US oil exports fall since record high in February: EIA
- Oil imports also decrease 12% in first half of 2020 following surge in Saudi Arabia’s crude oil production in April
Oil prices down due to epidemic-related uncertainty
- Number of COVID-19 cases worldwide is now over 31 million
Oil prices down as Libya resumes exports
- Rising number of coronavirus cases continue to put pressure on oil prices
Brent oil price up 7.02% for week ending Sept. 18
- OPEC+ meeting results in full commitment to oil cut agreement and compensation mechanism to ease oversupply concerns
Oil prices up as OPEC pledges commitment to output cuts
- OPEC+ countries are currently cutting output by 7.7 million barrels per day up to December to support prices
US crude oil inventories fall in week ending Sept. 11
- Commercial crude oil stocks decline by 4.4 million barrels compared to market forecast of around 1.3 million-barrel rise
Oil up due to storm-related halts in Gulf of Mexico
- Nearly 21.39% of oil production, 25.28% of natural gas production in Gulf of Mexico are shut-in