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Turkey, Turkish Cyprus sign financial cooperation pact
- Turkey to continue to do its best for Turkish Cypriots to continue living in peace, says country's vice president
US oil inventories mark largest weekly rise since 1982
- Commercial crude oil stocks rise by massive 21.6 million barrels, smashing market expectation of 1.9 million-barrel draw
Oil prices up with more optimistic demand outlook
- Price rise comes despite build of 7.4 million barrels in US crude inventory relative to forecast of 1.9 million-barrel fall
Oil slips ahead of OPEC+ meeting on Thursday
-Concerns over OPEC+ output increases and uncertainty over oil demand recovery still weigh on oil prices
Oil prices up with US relief bill, 3rd vaccine approval
- Geopolitical risks continue weighing on oil prices after Saudi-Yemen tension and US attack on Iranian positions in Syria
FDA okays storing Pfizer vaccines in standard freezers
- Move will allow vials to be transported and stored under more flexible conditions, says FDA official
Biden signs order to bolster critical supply chains
- 'We shouldn't have to rely on a foreign country, especially one that doesn't share our interests or values,' president says
US GDP revised slightly up to 4.1% in Q4
- Initial jobless claims decline to lowest level in 3 months
US: Yellen urges G20 to extend fiscal action amid COVID
- "If there was ever a time to go big, this is the moment," Treasury head says
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US led global defense spending in 2020: Report
- US, Chinese defense budgets accounted for almost two-thirds of increase in 2020, according to military spending report
EU sets 3-month target for introducing vaccine certificates
- EU heads of state, governments begin 2-day virtual summit to discuss vaccinations and travel restrictions
Oil prices fall as dollar appreciates
- Recent high oil prices encourage greater production to exert downward price pressure
US crude oil inventories rise for week ending Feb. 19
- Commercial crude oil stocks increase by 1.3 million barrels, against market expectation of 5.3 million-barrel draw
Oil prices up over Fed’s lower interest rates
- Price rises come despite 1.3 million-barrel build in US crude inventories
Texas cold snap uncovers obsolete energy infrastructure
-Energy infrastructure is outdated and underinvested and unfit for country the size of US: Vienna Energy Research Group Chair
Oil down as Texas refineries curb demand, US stocks rise
- US crude oil inventories are forecast to rise by over 1.03 million barrels, API figures show
E3 urges Iran to cooperate with IAEA
- Germany, Britain and France urge Tehran to stop and reverse all measures that reduce transparency
Oil prices up over slow output return in Texas
- Hopes for yet-to-be-approved US stimulus package also boosts oil prices
Oil up as market stabilizes with end to US cold snap
- Hopes over higher US stimulus deal also support oil prices
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Nuclear deal talks between US, Iran ‘possible': EU
- EU foreign policy chief leads ‘intensive’ talks to bring US, Iran back to table, says EU Commission spokesperson
US oil rig count falls by one for week ending Feb. 19
- This marks drop of 374 in number of US oil rigs compared to one year ago
Oil prices down over lack of demand in Texas refineries
- Drop in US crude inventories last week limits further declines, signaling demand uptick in world's largest oil consumer
US crude oil inventories fall for week ending Feb. 12
- Commercial crude oil stocks decrease by 7.3 million barrels, higher than market expectation of 2.2 million-barrel draw
Oil prices extend gains over Texas supply cuts
- US crude oil inventories are forecast to fall by 5.8 million barrels, API figures show, easing weak demand fears
US: Gas demand rises sharply amid freezing weather
- 4.5M power outages in Texas alone, 20% of US refinery capacity shut down in Gulf Coast
US: Millions of Texans lack power as new storm nears
- Up to half an inch of ice, 2 inches of snow expected in some parts of Texas as 2.7M households continue to lack power
US: Bitter cold weather triggers energy squeeze
- Almost 154M – half of US population – under some type of weather alert, more than 5M without electricity
Oil prices up as cold front in Texas halts production
- Rising tensions in Middle East and hopes for wider access to COVID-19 vaccine also support higher oil prices