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Oil prices down as China tightens virus restrictions
- Hopes for $1.9 trillion aid package in US limits further declines in oil price
S. Arabia becomes largest oil supplier to China in 2020
- Saudi's oil exports to China amounts to approximately 1.69 million barrels per day in 2020, up 1.9% year over year
Oil down over estimated rise in US stocks
-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
Oil prices up as markets await higher stimulus in US
- Incoming US Treasury Secretary says benefits of big package outweigh costs of higher debt burden
US sanctions Nord Stream 2 pipelaying vessel "Fortuna"
- US has long opposed the project, claiming it would threaten Europe's energy security
Oil prices mixed ahead of power transition in US
- Positive investor sentiment is boosted by data from China as country’s refineries post record production in 2020
Oil prices down on concerns over COVID-19 vaccines
- Further lockdowns in Europe and Asia erase last week’s gains, according to experts
Brent oil price down 0.52% for week ending Jan. 15
- Re-emergence of coronavirus in China tempered gains that were supported by higher US stimulus package
Oil prices to stay below $60 in 1H21: Report
- Supply expected to stay well below pre-crisis levels in first half of 2021
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Oil prices down as virus cases on rise in China
- Further falls capped when US President-elect unveiled virus relief plan to provide direct payment of $1,400 to individuals
Global oil demand to increase 6.56% in 2021: OPEC
- Crude output increased mainly in Libya, Iraq, and the UAE while output decreased in Nigeria, Congo and Angola, says OPEC
Oil prices down over lingering demand concerns
-Despite large US crude stock drawdown, investors still have demand concerns amid debate on efficacy of coronavirus vaccines
How aftermath of Gulf crisis will shape energy trade
- Lifting of blockade will save Qatar extra shipping costs of oil and LNG exports, and pave way for energy deals, expert says
Oil prices up over higher US pandemic relief plan
- Increase in number of coronavirus cases worldwide and tightening measures continue to raise concerns over oil demand
Oil prices down over reemergence of virus in China
- Increasing number of US oil rigs also weighs on prices, signaling greater short-term output and raising supply glut concerns
Oil prices up over 4% for week ending Jan. 8
- Surprise Saudi output cut at OPEC+ meeting and increasing rates of Asian shares are main reasons for driving prices up
Oil prices up still buoyed by OPEC+ output cut
- OPEC+ decision to cut output by more than expected in February and March relieves markets from low demand amid lockdowns
Oil up on inventory fall, protests in US
- Commercial crude oil stocks decrease by 8 million barrels against market expectation of 1.5-million barrel fall
Oil prices soar after surprise OPEC+ output cut
- Group agrees to cut production by 925,000 barrels per day in Feb. and 850,000 barrels per day in March from January rate
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Saudis unilaterally cuts 1M bpd to solve OPEC+ tie
- Group agrees to cut production by 925,000 bpd in February and 850,000 bpd in March from rate of January
Oil prices down over adjourned OPEC+ meeting
- Meeting to resume later Tuesday after inconclusive Monday meeting due to splits on production cuts among member countries
Oil prices up ahead of OPEC+ meeting
-At meeting later Monday, group will decide February's production quota, which is expected to remain at 7.2M barrels per day
Oil up on US inventory fall, UK vaccine approval
- Commercial crude oil stocks decrease by 6.1 barrels against market expectation of 2.1-million barrel fall
Oil prices up on economic rebound optimism
- API estimates 4.8M-barrel decline in US crude oil inventories last week from market expectation of 2.1M-barrel draw
Oil prices up after US okays stimulus payments
- Investors are now waiting for outcome of OPEC+ meeting on Jan. 4 when group will decide on next month’s production quota
Saudi Arabia discovers four new oil fields
- State-oil firm Saudi Aramco is working on determining size and volume of discovered fields, says country’s energy minister
Oil down on demand fears from spread of virus variant
-US President Donald Trump finally signs pandemic relief pack, boosting hopes for economic recovery in country
Oil prices up on Brexit deal, US relief pack hopes
-While rise in coronavirus cases still pressures oil prices, vaccines continue to instill hope of speedier demand recovery