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US crude oil inventories fall for week ending Nov. 20
- Commercial crude oil stocks decrease by 800,000 barrels against market expectation of 333,000 barrel fall
Oil prices leap higher on vaccine hopes, US transition
- Terror attack at a petroleum products distribution station in Saudi Arabia also adds to price hikes
US: Biden names John Kerry as special climate envoy
- Kerry to be first special presidential envoy that holds seat at National Security Council
Oil prices up on rising hopes for COVID-19 vaccine
- Successful vaccine trials instil hopes for a sooner-than-expected recovery
Brent oil price up 2.65% for week ending Nov. 20
- Boosted hopes for a sooner-than-expected recovery have lion's share in general positive outlook amid successful vaccine trials
‘Iran ready to abide by nuclear deal pledges’
- Iranian officials say they are ready to return to pledges of the 2015 nuclear deal, depending on US response
Oil price slightly down as low demand curbs price rise
-Investors have eyes on developments about COVID-19 vaccine news, developments on a possible US relief package and OPEC+ decision
Oil prices drop as fears surge over weak oil demand
- Less-than-expected rise in US crude stocks limits further price declines
US crude oil inventories rise for week ending Nov. 13
- Commercial crude oil stocks increase by 800,000 barrels against market expectation of 1.7 million-barrel rise
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Oil prices drop with crude inventory build in US
- US crude oil inventories are forecast to rise by 4.2 million barrels for week ending Nov. 13, according to API figures
Oil prices up over vaccine hopes and OPEC+ output cuts
- Brent gains more than 3% since its previous close over positive news from second vaccine candidate
Oil prices rise over hopes of OPEC+ output cuts
-OPEC+ current production cut of 7.7 million barrels per day is due to increase from next year
US oil rig count rises by 10 for week ending Nov. 13
- US sees drop of 438 oil rigs from one year ago
US crude oil inventories rise for week ending Nov. 6
- Commercial crude oil stocks increase by 4.3 million barrels against market expectation of 913,000-barrel reduction
Key changes expected in US energy and climate policy
- Clean energy and climate change are expected to be main pillars of Biden administration's policy
On cusp of victory, Biden says numbers in his favor
- 'The numbers tell us a clear and convincing story, we’re going to win this race,' says former vice president
US economy adds 638,000 jobs, unemployment down to 6.9%
- October marks 6th consecutive monthly decline in unemployment rate, number of unemployed stands at 11.1M
US oil rig count rises by 5 for week ending Nov. 6
- US sees a drop of 458 oil rigs from one year ago
US Fed keeps interest rate unchanged
- Central bank says economic activity, employment remain well below pre-pandemic levels
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Turkey ‘important’ for US: ex-congressman
- Turkey's Foreign Economic Relations Board organizes panel titled 'US Election Review: What’s Next for Turkey and the US'
US crude oil inventories fall for week ending Oct. 30
- Commercial crude oil stocks decrease by 8 million barrels against market expectation of 890,000 barrel rise
US officially exits Paris climate accord
- UN rules require withdrawal to take effect 4 years after deal came into effect, coincidentally a day after US elections
05.11.2020
Americas
Oil prices down as European countries renew lockdowns
- France, Germany, UK, Belgium, Greece reinstate nationwide lockdowns; Italy, Spain input strict restrictions for coronavirus
US oil rig count rises by 10 for week ending Oct. 30
- US sees a drop of 470 oil rigs from one year ago
US sells 1.1M barrels of Iranian oil after seizure
- Gasoline was aboard 4 tankers which Iran was trying to ship to Venezuela
Brent oil price down 7.72% for week ending Oct. 30
- Supply glut concerns have lion's share in general negative outlook as Libya's oil production is set to grow more
OPEC's 2020 oil export revenues lowest in 18 years: EIA
- Decrease in export revenues is driven by lower crude oil prices, export volumes
Oil prices fall as major economies renew lockdowns
- France, Germany announce nationwide lockdowns while Italy, Spain bring strict restrictions to curb spread of coronavirus