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Global oil demand to surge 6% in 2021: IEA
- Global oil demand revision supported by improved IMF outlook, swift US vaccine rollouts and better economic data in China
Oil prices up on estimated fall in US crude stocks
- Weaker dollar also exerts upward pressure on oil prices which are indexed to US dollar
Oil-rich Saudi Arabia branches into solar power
- Saudi Arabia's latest steps on solar energy will help the country reach 3,670 megawatts of solar capacity
Oil prices up on China's economic rebound signals
- Rising tensions between Saudi Arabia, Yemen contribute to more bullish oil prices
US warns Germany over Nord Stream 2 gas pipeline
- 'We are determined to use all available levers to prevent completion of Nord Stream 2," says US Embassy spokesman in Berlin
12.04.2021
General
Brent leaps over alleged attacks on Aramco facilities
- Tensions in region were already heightened after cyber-attack on Iran’s main nuclear facility on Sunday
Oil down over demand fears as India’s virus cases surge
- Country confirms new single-day record with nearly 169,000 cases
Uganda, Tanzania sign oil pipeline project agreement
- 1,440 km crude oil pipeline will be constructed from Uganda's Albertine region to Tanzanian seaport of Tanga
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Oil rig count in US remains unchanged this week
- Number of oil rigs stays at 337
Oil prices down for week ending April 9
- Investors weigh rising supplies as weak demand outlook continues due to Covid-19
Oil prices mixed over weaker dollar, rising supplies
- Prices still under pressure after major oil producers of OPEC+ agree to increase output after April
Oil prices down over unexpected build in US fuel stocks
- Low demand concerns linger with US gasoline inventory rise of 4 million barrels last week
US crude oil inventories fall for week ending April 2
- Commercial crude oil stocks decrease by 3.5 million barrels, higher than market expectation of 1.325 million-barrel draw
Aramco in talks to sell over $10B oil pipeline stake
- Deal to transfer up to 49% share to consortium including US, Chinese and local investors could be announced this week
US energy agency revises up its oil price forecast
- International benchmark Brent crude is now estimated to average $62.28 per barrel in 2021
Oil prices up on strong economic outlook, stock draw
- American Petroleum Institute estimates more-than-expected inventory draw of 2.618 million barrels for week ending Apr. 2
Oil prices up with strong economic data from US, China
- Upward price trend pushed back by OPEC+' decision to ease output and on indirect talks between US and Iran in Vienna
US says Russia undermining decreased Ukraine tensions
- State Department says it is unswayed by Russia's explanations for troop buildup, calling it a 'cause for concern'
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Oil prices slip with demand curbed from virus concerns
- Millions of Christians celebrated Easter under restrictions and limited gatherings, raising oil demand concerns
Ukraine's FM discusses Russia's move with counterparts
- Ukraine says Russia's military drill near border 'significant increase of misinformation and propaganda’
US oil rig count rises by 13 for week ending April 2
- This marks drop of 225 in number of US oil rigs compared to one year ago
Oil prices up by over 2% for week ending April 2
- Cautious OPEC+ output decision and fall in US oil inventories support rise of oil prices
Oil prices up over OPEC+’s cautious output ease
- Rapid increase in Eurozone manufacturing sector's PMI in March also reflects positively on oil prices
South Sudan’s economy hit by drop in oil prices, floods
- $174.2M IMF loan to help stabilize exchange rate, prices, says central bank governor
OPEC+ agrees to gradually ease output from May to July
-Saudi Arabia's cuts will phase out by raising output by 250,000 bpd in May, 350,000 bpd in June and 400,000 bpd in July
OPEC+ meeting begins with cautious optimism
- Saudi energy minister warns OPEC+ should maintain cautious stance until evidence of recovery is undeniable
Oil up ahead of OPEC+ decision on output level
- Group is scheduled to meet later on Thursday