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US oil rig count down by 2 for week ending July 30
- Number of US oil rigs rise by 205 compared to one year ago
Oil increases over 3% from demand recovery hopes in week ending July 30
- US inventories fall by 4.1 million barrels relative to market estimate of 3.4 million-barrel decrease
Turkey's energy import bill up 131% in June 2021
- Overall energy import bill increases in June due to rise in country's industrial production
Oil down over weaker-than-expected US economic data
- Despite rising virus cases, hopes of better vaccination rates reducing mitigation measures are limiting further price falls
Turkey's oil imports up 9.9% in May 2021
- Total domestic oil product sales increase by 14.3% to 2.09 million tonnes in May this year
Oil prices up over US oil stock drop, Fed’s positive remarks on US economy
- US inventories fall by 4.1 million barrels relative to market estimate of 3.4 million-barrel decrease
US crude oil inventories fall 0.9% for week ending July 23
- Commercial crude oil stocks decline by 7.9 million barrels, higher than market expectation of 4.3 million-barrel draw
Oil prices fall on demand hopes dashed from Delta variant case rises
- Prices find support from UK reports of lowest daily virus cases on Monday, which prevents further decline
Oil prices down as rising Delta variant cases threaten oil demand
- Upcoming supply increase of OPEC+ raises oversupply fears while COVID-19 continues blurring oil demand outlook
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US oil rig count up by 7 for week ending July 23
- Number of US oil rigs rise by 206 compared to one year ago
Oil prices post 1% gain for week ending July 16
- Decision of OPEC+ and demand fears lead fluctuations in oil price during week
23.07.2021
Oil
Oil steady over $70 despite worries amid spread of Delta variant
- US says COVID-19 cases rise particularly in unvaccinated parts of country
23.07.2021
Oil
Iran starts oil exports from Oman Sea, bypassing Strait of Hormuz
-For first time, Iran will be exporting oil from the Sea of Oman, deemed a strategic move to circumvent US sanctions
Oil prices down after rise in US oil inventories
- US commercial crude oil inventories which increase by 0.5% for the week ending July 16
22.07.2021
Downstream
US crude oil inventories rise 0.5% for week ending July 16
- Commercial crude oil stocks rise by 2.1 million barrels, marking first increase after 8 weeks
Oil prices fall slightly ahead of US stocks data
- Data on US oil inventories to be announced today by US Energy Information Administration
21.07.2021
Oil
Oil prices fluctuate amid demand fears caused by Delta variant
-Prices fall more than 6% during previous session
Oil prices slip as OPEC+ opens tabs, fueling oversupply fears
-Rising COVID cases continue exerting downward pressure on oil prices
OPEC+ finally solves output rise impasse after settling disputes with UAE
- Group agrees to rise output by 400,000 from August onwards, approving UAE’s request to raise its production baseline
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US oil rig count up by 2 for week ending July 16
- Number of US oil rigs rise by 200 compared to one year ago
Oil prices drop significantly during week ending July 16
- Ongoing impasse between OPEC+ members exerts downward price pressure
Oil down as OPEC+ keeps silent on production policy from August
- Calling off their meeting earlier in July, major oil producing countries are still at impasse over production rates
OPEC's oil demand growth forecasts for 2021 remains unchanged
- Crude output rises mainly in Saudi Arabia but decreases in Iraq, OPEC says
15.07.2021
Oil
US crude oil inventories fall 1.8% for week ending July 9
- Commercial crude oil stocks decline by 7.9 million barrels, higher than market expectation of 4.3 million-barrel draw
Oil down over potential agreement to increase supply
- US commercial crude oil inventories decrease by 1.8%, or 7.9 million barrels for week ending July 9
15.07.2021
Oil
Global oil demand to rise by over 3% in 2022: Int. Energy Agency
- Stronger oil demand is expected in 2nd half of year, on back of robust economic growth, rising vaccination rates & mobility
Oil climbs on market optimism over rebound in demand
- Uncertainties on supply side continue as OPEC+ countries failed to agree on their production quotas from August onward
Mesopotamian Exodus: Why western energy firms are leaving oil-rich Iraq?
- As western oil companies decamp from Iraq, their Chinese counterparts are ready to fill the vacuum