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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 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
European coal price up with gas shortage, low renewable generation and China-Australia tension
- China's reasoning for changing coal suppliers is more political than anything else, said Brian Ricketts, EURACOAL Secretary General
China to secure fuel supplies for winter 'at all costs'
- Move comes as country has been plagued by extensive power outages, forcing companies to shut down operations
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
US, China decision to sell oil from reserves to have little impact on prices
-China says it will auction 7.4 million barrels on Sept. 24 while US is set to sell crude from emergency stocks from Oct. 1 to Dec. 15
Xi halts new coal power projects outside China
- Chinese president proposes ‘Global Developmental Initiative’ at UN General Assembly
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China's carbon-neutral aim will rely heavily on wind generation: WoodMac
- China will have more than two-thirds of world's grid-connected capacity by 2030, agency reveals from research
US petroleum exports exceed imports in 1H21: Energy Information Admin.
-Country became net exporter in first half of 2020, supplying 432,000 barrels per day more of crude oil and petroleum products
US crude oil inventories down 1.5% for week ending Sept. 10
- Commercial crude oil stocks decrease by 6.4 million barrels, lower than market expectation of 3.9 million-barrel draw
US energy agency revises down oil price forecast for 2021
- International benchmark Brent crude now estimated to average $68.61 per barrel in 2021 from previous forecast of $68.71
Oil mixed over positive economic data from China, Saudi price trim
- Supply halts in US after Hurricane Ida continues to push prices up although demand woes after Saudi price cut axes further rises
Oil down as deep Saudi price cut signals demand slip in Asia
- Further price declines are limited by supply disruptions in US after Hurricane Ida
Oil up 9% on China's COVID recovery, hurricane threat in Gulf of Mexico
- Fall in US crude oil inventories and full approval of Pfizer vaccine in US raises prices higher
Oil up on COVID recovery in China, possible output halt in Gulf of Mexico
- Investors are also watching Fed chief’s scheduled speech on Friday on US monetary plans
Oil prices down over COVID-induced demand fears despite US oil stock drop
- US inventories fall by 3 million barrels relative to market estimate of 2.37 million-barrel decrease
US crude oil inventories down 0.7% for week ending August 20
- Commercial crude oil stocks decrease by 3 million barrels, relative to market expectation of 2.37 million-barrel draw
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Oil prices steady over estimated drop in US stockpiles, fire at Mexico oil platform
- US estimates fall of 1.62 million barrels in crude stocks although market estimate is decrease of 2.37 million barrels
Oil down over 5% on falling demand in big economies in week ending Aug. 20
- Demand worries rise after Chinese industrial data shows decline, US gasoline inventories rise and COVID-19 cases spike
US crude oil inventories down 0.7% for week ending August 13
- Commercial crude oil stocks decrease by 3.2 million barrels, relative to market expectation of 1.26 million-barrel draw
Oil up on declining US oil stocks while rising virus cases hamper demand
- Weak dollar and US inventory drop support prices but rising Delta cases and poor economic data from China suppresses demand
Oil down as rising virus cases in China fuel demand worries
- Further price declines are capped with OPEC+ saying it will not add more barrels to the market than previously planned
Oil down over 3% due to demand fears in week ending August 6
- Investors focus on Chinese oil demand drop, bearish US economic data, and increasing OPEC+ oil production during week
Oil drops on shock US stocks build and rise in China virus cases
- Concerns rise with China's announcement of fresh travel restrictions with further increase in COVID-19 Delta variant cases
US crude oil inventories rise 0.8% for week ending July 30
- Commercial crude oil stocks surge by 3.6 million barrels, higher than market expectation of 2.9 million-barrel draw
Oil prices mixed over minor drop in US stocks, tensions in Gulf region
- US estimates fall of 879,000 barrels in crude stocks although market estimate is decrease of 2.9 million barrels