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Russia becomes India’s second-largest oil supplier
- Iraq remained top supplier to India in May and Saudi Arabia is now third biggest supplier
US crude oil inventories down 1.2% for week ending May 27
- Commercial crude oil stocks fall by 5.1 million barrels, against market expectation of 1.18 million barrel draw
EU leaders agree to exempt Hungary from Russian oil embargo
- Leaders approve excluding Russia’s Sberbank from SWIFT system, granting $9.6 billion in credit to Ukraine
US crude oil inventories down 0.8% for week ending May 13
- Commercial crude oil stocks fall by 3.4 million barrels, against market expectation of 1.5 million-barrel draw
EU ban on Russia could affect 3M barrels crude per day: Fitch
- Russia’s total production projected to decline by 2-3M barrels per day by end-2022, says global rating agency
US crude oil inventories up 0.3% for week ending April 29
- Commercial crude oil stocks increase by 1.3 million barrels, against market expectation of 1.16 million-barrel drop
Turkiye's energy import bill up 154.7% in March
- Country's crude oil imports increase by 11.2% compared to March 2021
US crude oil inventories up 0.2% for week ending April 22
- Commercial crude oil stocks increase by 700,000 barrels, against market expectation of 2.16 million-barrel rise
Biden to unveil homegrown biofuels to mitigate oil price hike
- US Department of Agriculture to provide up to $700M funding through new biofuel producer program
13.04.2022
Americas
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US crude oil inventories up 0.6% for week ending April 1
- Commercial crude oil stocks increase by 2.4 million barrels, against market expectation of 1.6 million barrel fall
WoodMac expects relocation of some 650,000 barrels per day of Russian oil
- Reshuffling is attractive at current Urals discounts but refiners face challenges with contractual obligations with Middle Eastern producers, agency warns
US crude oil inventories down 0.8% for week ending March 25
- Commercial crude oil stocks decrease by 3.4 million barrels, against market expectation of 1.6 million barrel fall
US crude oil inventories down 0.6% for week ending March 18
- Commercial crude oil stocks decrease by 2.5 million barrels, against market expectation of 25,000-barrel rise
US crude oil inventories down 0.5% for week ending March 4
- Commercial crude oil stocks decrease by 1.9 million barrels, against market expectation of 833,000-barrel fall
US gasoline prices hit highest levels in 10 years
- Average price up almost 40% from last year
US crude oil inventories up 0.3% for week ending Feb. 11
- Commercial crude oil stocks increase by 1.1 million barrels, compared to market expectation of 1.8 million-barrel drop
Japan to release oil from reserves in line with US request
- Move is part of US initiative to release 50M oil barrels from Strategic Petroleum Reserves, a move supported by China, India, Japan, South Korea and UK
Turkiye's energy import bill up 160.5% in December 2021
- Country's crude oil imports increase by 45.9% compared to December 2020
US crude oil inventories up 0.6% for week ending Jan. 21
- Commercial crude oil stocks increase by 2.4 million barrels, against market expectation of 400,000-barrel drop
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Saudi refinery firm Motiva among buyers of US emergency oil sales
-Based in Port Arthur, Texas, Motiva refinery is largest oil refinery in US with capacity of over 600,000 barrels of oil per day
Oil mixed over expected US Strategic Petroleum Reserves sale, US crude stock fall
- US commercial crude oil stocks decrease by 4.6 million barrels, exceeding market expectation of 1.95 million-barrel drop
US crude oil inventories down 1.1% for week ending Jan. 7
- Commercial crude oil stocks decrease by 4.6 million barrels, exceeding market expectation of 1.95 million-barrel drop
US crude oil inventories down 0.3% for week ending Dec. 31
- Commercial crude oil stocks decrease by 2.1 million barrels, exceeding market expectation of 3.4 million-barrel drop
Shifting from demand to supply woes, oil posts over 50% gain in 2021
- OPEC+ decisions, output disruptions due to cold snap in Texas, storms in Gulf of Mexico and crucial supply/demand fluctuations mark milestones in 2021
US crude oil inventories down 0.1% for week ending Dec. 3
- Commercial crude oil stocks decrease by 200,000 barrels, against market expectation of 2.09 million-barrel rise
Oil up as major oil producers set to decide supply policy at OPEC+ meeting
- Decision will be taken amid new COVID-19 variant that is raising concerns over economic recovery and global fuel demand
Turkey's energy import bill up 159.3% in October 2021
- Country's crude oil imports show 1.76% up compared to October 2020
Oil down due to supply uncertainties, demand threats
- Rising COVID-19 cases and restrictions put pressure on already falling oil prices