Keyword "REPI:STORAGE" - List of latest news (163 results)

04:21 Oil rises 1% on Iran sanctions, drop in US crude stocks

Oil prices rose almost 1% in early trade on Wednesday, extending the prior day's gains as investors weighed a fresh round of sanctions on Iran, a drop in U.S. crude stocks and a softer tone from Donald Trump on the Federal Reserve.

00:25 Oil prices settle up nearly 2% on new Iran sanctions, equities rally

Oil prices settled more than $1 per barrel higher on Tuesday as new U.S. sanctions against Iran and rising equity markets helped spark a recovery rally from the prior session's steep selloff.

16/04 Oil dips as markets assess trade war effects

Oil prices edged lower on Wednesday, as shifting U.S. tariff policies fuelled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy demand.

10/04 Oil prices fall as Trump escalates trade war with China

Oil prices fell around 1% on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries.

04/04 Oil set for worst week in months over Trump's new tariffs

Oil prices fell further in early Asian trade on Friday, and were on track for the worst week in months over U.S. President Donald Trump's new tariffs, stoking concerns over a global trade war that could weigh on oil demand.

03/04 Oil sinks nearly 3% after Trump announces sweeping new tariffs

Oil prices dropped $2 on Thursday after U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.

02/04 Oil prices steady as market awaits fresh US tariffs

Oil prices steadied on Wednesday after falling in the previous session on concerns new U.S. tariffs set to be unveiled later in the day may deepen a global trade war that could limit crude demand.

01/04 Oil extends climb on supply fears, trade war concerns cap gains

Oil prices inched higher on Tuesday after threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran, though worries about the impact of a trade war on global growth capped gains.

28/03 Oil holds near one-month high, set for third week of gains amid supply woes

Oil prices held near one-month highs on Friday and were poised for a third weekly gain on a tightening global supply outlook after the U.S. imposed tariffs against countries buying oil and gas from Venezuela and placed restrictions on Iranian oil trade.

20/03 Oil prices rise on demand outlook strength, weaker US dollar

Oil prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker U.S. dollar.

19/03 Oil rises on US fuel demand, Fed rate decision caps gains

Oil prices edged up on Wednesday after U.S. government data showed a draw in fuel inventories, but the Federal Reserve's decision to hold interest rates steady capped gains.

06/03 Oil climbs from multi-year low, tariff concerns and rising supply weigh

Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply outlook capped gains.

24/01 Oil prices settle pennies higher, down for week as Trump touts energy policy

Oil prices settled slightly higher on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC move to lower crude prices.

23/01 Oil falls as Trump urges OPEC to lower prices

Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.

22/01 Oil eases to one-week low amid Trump tariff uncertainty

Oil prices eased to a fresh one-week low on Wednesday as the market considers how U.S. President Donald Trump's proposed tariffs could affect global economic growth and demand for energy.

17/01 Global diesel prices spike as US hits Russia with new sanctions

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.

15/01 Oil inches up, but uncertainty over sanctions impact caps gains

Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact.

10/01 Oil set for third straight weekly gain on winter fuel demand

Oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in parts of the United States and Europe driving up fuel demand for heating.

08/01 Oil prices down on US fuel stocks build, dollar strength

Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.

08/01 Oil prices up on tighter OPEC supply, US jobs data

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an unexpected increase in U.S. jobs openings pointed to expanding economic activity and consequent growth in oil demand.

07/01 US Gulf Coast fuel oil imports hit record low as Latam deliveries slow

Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from ship tracker Kpler, as Latin American supplies dried up.

02/01 Oil rises as investors return from holidays, eye China recovery

Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.

31/12 Ample supply, slow demand to temper oil price gains in 2025: Reuters poll

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market, a Reuters monthly poll showed on Tuesday.

31/12 Oil rises on expanding Chinese factory activity, but set to end year lower

Oil prices rose in early trade on Tuesday after data showed China's manufacturing activity expanded in December, but for a second consecutive year oil was on track to end lower due to demand concerns in top consuming countries.

26/12 Oil prices edge higher on hopes for more China stimulus

Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support.

24/12 Oil prices rise in thin pre-Christmas trade

Oil prices rose on Tuesday, reversing the prior session's losses, buoyed by slightly positive market outlooks for the short term and stronger U.S. economic data, despite thin trade ahead of the Christmas holiday.

18/12 Oil steady while market eyes Fed rate decision

Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve, while weighing up the potential supply impact of tighter sanctions on Russia.

12/12 Oil little changed as demand weakness offsets sanctions-driven supply risks

Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows.

11/12 Oil prices edge up on demand hopes from China's 'looser' monetary policy

Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth.

04/12 Oil steady as markets weigh higher US stockpiles, OPEC+ supply plans

Oil prices were little changed in early Asia trade on Wednesday as market participants weighed higher U.S. crude oil and fuel inventories as well as the likelihood of OPEC+ extending supply cuts.

28/11 Oil edges lower after jump in US gasoline stocks, OPEC+ supply decision in focus

Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel.

22/11 Oil rises as intensifying Ukraine war increases supply risk

Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies.

21/11 Oil prices firm as geopolitical tensions raise supply concerns

Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine.

20/11 Oil nudges up on escalating Ukraine war, signs of improving China demand

Oil edged up on Wednesday amid an escalation in the Ukraine war and signs of growing Chinese crude imports, while rising U.S. crude stocks checked overall price gains.

15/11 Oil dips on oversupply concerns, heads for weekly loss

Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks.

01/11 Oil climbs more than $1 on reports of Iran preparing strike on Israel

Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, after reports Iran was preparing a retaliatory strike on Israel from Iraq in the coming days.

31/10 Oil prices stable after boost from US fuel demand

Oil prices stabilised on Thursday after rallying the previous day on stronger than expected U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase.

29/10 Oil prices edge up, US plan to refill reserve offers support

Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a U.S. plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East.

24/10 Oil prices edge higher, on track for 3% weekly gain

Oil prices edged higher on Thursday, recouping some of the more than 1% losses from the previous session after U.S. crude inventories rose much more than estimated.

23/10 Oil prices slip on rising U.S. crude inventories

Oil prices edged down on Wednesday after industry data showed U.S. crude inventories had swelled more than expected, while the market kept watch on diplomatic efforts in the Middle East as Israel continued attacks on Gaza and Lebanon.

11/09 Oil recovers after slide as US inventory drop, storm support

Oil climbed more than 2% on Wednesday, paring some of the previous day's losses, as a drop in U.S. crude inventories and concern about Hurricane Francine disrupting U.S. output countered concerns about weak global demand.

06/09 Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay

Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed U.S. employment data.

05/09 Oil steady as investors weigh weak demand, potential delay to OPEC+ output hike

Oil was attempting to hold its line in early trade on Thursday after an overnight sell-off, as players grappled with weak demand alongside a possible delay to more supply entering the market next month.

28/08 Oil rebounds as geopolitics, demand concerns whipsaw investors

Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed between concerns about potential supply losses from Libya and the Middle East and worries about global fuel demand.

23/08 Oil set to end week lower on demand concerns, easing supply woes

Oil prices were little changed on Friday, on track to end the week lower, as downward revisions to U.S. employment data raised concerns over demand and renewed ceasefire talks in Gaza eased worries about supply disruptions.

21/08 Oil prices down on swelling US crude stocks, easing Middle East tensions

Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.

15/08 Oil prices up on hopes of US rate cuts boosting fuel demand

Oil prices rose on Thursday, supported by optimism potential U.S. interest rate cuts will boost economic activity and fuel consumption though concerns over slower global demand curbed gains.

09/08 Oil set for 3% weekly gain on rising Mideast tensions, better US outlook

Oil prices edged down in early Asian trading on Friday but were on track to gain more than 3% for the week as U.S. jobs data calmed demand concerns and fears of a widening Middle East conflict persisted.

08/08 Oil prices fall, set to snap two-session streak

Oil prices fell in choppy trade on Thursday, and looked set to snap a two-session streak during which they gained about 3% due to growing supply risks amid simmering tensions in the Middle East.

07/08 Oil edges lower on surprise build in US crude and gasoline stocks

Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in U.S. crude oil and gasoline inventories, offsetting global oil supply concerns.

03/08 Fire at fuel depot in Russia's Rostov region after drone attack extinguished

A fire at a fuel storage depot in the Kamensky district of Russia's Rostov region, caused by a Ukrainian drone attack, has been extinguished, the head of the district administration said on Saturday.

12/07 Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries

Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking higher.

12/07 Oil rises as US inflation eases; Brent heads for weekly dip

Oil prices inched up on Friday amid signs of easing inflationary pressures in the United States, the world's biggest oil consumer, although Brent crude was set for a weekly decline.

11/07 Oil prices tick up as crude, gasoline inventories ease

Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand.

11/07 Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts

About 1.5 million customers remained without power in Texas on Wednesday, two days after Hurricane Beryl raked the state, as progress to restore electricity was slow, hampering efforts to quickly restart critical oil infrastructure.

10/07 Oil gains on supportive US stockpile data, gasoline demand firm

Oil prices rose on Wednesday after a jump in U.S. refining activity last week prompted a bigger draw than expected from gasoline and crude inventories.

08/07 Record US summer heat, hurricanes could roil fuel prices as oil refiners sweat

A double whammy of record heat and hurricanes should test U.S. refiners' resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season, analysts said.

28/06 Oil up ahead of US inflation data, set for third weekly gain

Oil prices rose on Friday and were on course for a third straight weekly jump buoyed by growing expectations that the U.S. Federal Reserve will soon start cutting interest rates and U.S. inflation data due later in the day.

27/06 Oil prices slide on fears of slow US demand after surprise inventory build

Oil prices slid in early Asian trade on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the top oil consumer, though worries a potential expansion of the Gaza war may disrupt Middle East supplies capped declines.

26/06 Oil edges lower after industry group reports jump in US stockpiles

Oil prices fell in early Asian trade on Wednesday after an industry group reported a surprise jump in U.S. stockpiles, fueling concerns about weaker-than-expected demand in the top oil consuming nation.

21/06 Oil prices slip as rate hike worries come into focus

Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower.

20/06 Brent rises on Middle East war jitters, while WTI dips ahead of inventories report

Brent crude futures edged up in early trade on Thursday as Israeli tanks advanced into Gaza, while U.S. crude futures dipped on the prospect of swelling oil inventories.

19/06 Oil inches up as war jitters outweigh surprise build in U.S. crude stocks

Oil rose slightly in early trade on Wednesday as concern over escalating conflict in Europe and the Middle East offset demand worries following an unexpected build in U.S. crude inventories.

12/06 US crude, fuel inventories rose last week, EIA says

U.S. crude stocks, gasoline and distillate inventories rose in the week ending June 7, the Energy Information Administration (EIA) said on Wednesday.

12/06 Oil climbs on 2024 stock forecasts, reinforced US rate cut bets

Oil prices rose more than 1% on Wednesday after three key forecasters predicted that global oil inventories would fall in the second half of 2024, while U.S. inflation data solidified expectations for a Federal Reserve interest rate cut by September.

11/06 EIA forecasts larger records for 2024 US oil output, global demand

U.S. oil output and global oil demand will likely post bigger records this year than previously expected, the U.S. Energy Information Administration said on Tuesday.

07/06 US seeks 6 million barrels of oil for Strategic Petroleum Reserve

The U.S. issued two solicitations on Friday to buy a total of 6 million barrels of crude oil for the Strategic Petroleum Reserve as the administration of President Joe Biden replenishes the stockpile following a historic sale in 2022.

06/06 Oil up on Fed rate cut expectations but OPEC+ decision caps gains

Oil extended gains from the previous session on Thursday amid growing expectations the Federal Reserve will cut interest rates in September, though prices were capped on the back of higher U.S. inventories and an OPEC+ plan to increase supply.

01/06 US diesel demand for March hits 26-year seasonal low, EIA says

U.S. diesel demand fell to its lowest seasonal level in March since 1998, while crude oil output rose to a multi-month high, data from the U.S. Energy Information Administration showed on Friday.

31/05 Weak US gasoline demand compounds pressure on oil ahead of OPEC+ meet

The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicks off this weekend.

31/05 Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise

Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market.

30/05 Oil mostly steady ahead of U.S stockpile data amid downward pressure

Oil prices were mostly stable on Thursday as the markets await U.S. crude oil stockpiles data, though resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand.

29/05 Oil storage rise supports case for keeping OPEC+ cuts, sources say

Rising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC+ producers to keep supply cuts in place when they meet on June 2, OPEC+ delegates and analysts say.

29/05 Oil prices gain on expectations of OPEC+ extension to output cuts

Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising with the start of the peak summer demand season.

23/05 Oil prices fall on worries of higher US interest rates

Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.

22/05 US crude, distillate stockpiles rise, gasoline draws down on higher demand - EIA

U.S. crude oil and distillate inventories rose last week while gasoline inventories fell as demand grew ahead of the summer driving season, the Energy Information Administration said on Wednesday.

22/05 Oil slips for third session on likely 'higher for longer' US rates

Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve might keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world's largest oil consumer.

21/05 US to close Northeast gasoline reserve with 1 million-barrel sale

The Biden administration will sell nearly 1 million barrels of gasoline in the U.S. managed stockpile in northeastern states as required by law, the Department of Energy said on Tuesday, effectively closing the reserve.

20/05 Global oil markets weaken as sluggish demand leaves overhang

Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark crude futures.

17/05 Oil set for weekly gain on signs of improving demand

Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil consumer the United States.

16/05 Oil prices rise on moderate US inflation data, strong demand

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, strengthening the argument for an interest rate cut which could result in even stronger demand.

15/05 Oil prices up on wildfires in Canada, US inventories drawdown expectations

Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada's oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the day.

09/05 Oil recovers on US crude storage draw, rise in China imports

Oil prices rose on Thursday as falling U.S. crude inventories and higher Chinese imports supported expectations for demand growth in the world's two largest crude-consuming nations.

08/05 Seasonal US fuel demand hits pandemic lows, weighs on refining margins

U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, data from the Energy Information Administration showed on Wednesday, pulling refiners' margins for making the products to multi-month lows.

08/05 Oil dips on rising US stockpiles, cautious supply expectations

Oil prices fell in Asian trade on Wednesday as industry data showed a pile-up in crude and fuel inventories in the U.S., a sign of weak demand, and cautious supply expectations emerged ahead of an OPEC+ policy meeting next month.

07/05 Oil climbs after Israel strikes Gaza, truce talks continue

Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution.

03/05 Oil steadies, heads for weekly drop on U.S. economy worries

Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supply disruptions caused by the Israel-Hamas war.

02/05 Oil prices pick up on prospect of US replenishing strategic reserve

Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate cuts and swelling oil inventories.

01/05 Oil falls to 7-week low on surprise US storage build, Middle East hopes

Oil prices fell about 3% to a seven-week low on Wednesday on a surprise build in U.S. crude stocks, the prospect of a Middle East ceasefire agreement and as hopes faded for near-term U.S. interest rate cuts that could boost oil demand.

24/04 Oil prices climb amid US stocks decline, Middle East conflict

Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East.

22/04 Oil prices retreat as Iran-Israel tensions ease

Oil prices fell on Monday, dragged down by a renewed focus on market fundamentals as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel's apparently small strike on Iran.

18/04 Oil holds near 3-week low as US sanctions interrupt easing tensions

Oil prices held near a three-week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the Middle East.

11/04 Oil prices stay near six-month highs on Mideast tensions

Oil prices were steady near six-month highs on Thursday after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli interests by Iran, OPEC's third-largest oil producer.

10/04 Oil rises as Middle East worries offset US crude stock buildup

Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories.

03/04 Oil steady while market eyes geopolitical supply risks

Oil prices steadied on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas war to more directly include Iran.

27/03 Oil prices fall for a second day as US crude inventories increase

Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S., the world's biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week.

22/03 Oil eases on possible Gaza ceasefire, dollar strength

Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices.

21/03 Oil rebounds as U.S. crude, gasoline stockpile drops provide some support

Oil prices rebounded on Thursday after falling in the previous session as U.S. crude and gasoline inventory declines supported the market after signs the U.S. Federal Reserve may keep rates higher for longer crimped the outlook for future fuel demand.

20/03 Oil pulls back from multi-month highs as strong dollar dents demand

Oil prices edged lower in early Asian trading on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in each of the past two sessions.

15/03 Oil dips on profit taking after price crosses $85

Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian refineries and a rise in energy demand forecasts buoyed prices.

14/03 Oil rises on strong US fuel demand as supply concerns continue

Oil prices climbed in early trade on Thursday, supported by strong demand in the U.S. after gasoline stocks hit a three month low and crude stockpiles dropped unexpectedly, with supply concerns remaining after Ukrainian attacks on Russian refineries.

13/03 Oil prices up on strong US demand, Fed signals in focus

Oil prices rose on Wednesday on expectations of strong global demand, including in the world's top consumer the United States, and as even somewhat sticky U.S. inflation did not dent expectations the Fed might start cutting rates soon.

26/02 Oil extends losses in early Asian trade

Oil prices fell in early Asian trading on Monday, extending losses from the previous session after oil ended the week 2-3% lower amid market concerns that higher-than-expected inflation could delay U.S. interest rate cuts.

14/02 China, US-led global refill of depleted oil stocks seen buoying demand

A push to replenish depleted oil stocks notably in China, the United States and Europe could buoy demand and prices in coming months, analysts and traders said, as tensions in the Middle East threaten key shipping lanes.

08/02 Oil edges up with slim progress in Gaza peace talks

Oil prices rose on Thursday after Israel rejected a ceasefire offer from Hamas, as talks continued to try to end the Gaza conflict and wider Middle East tensions that have kept the market on edge since October.

20/01 US court accepts $20.8 bln in claims against Venezuela in Citgo auction

A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction of shares in the parent of Venezuela-owned oil refiner Citgo Petroleum to satisfy claims for expropriations and debt defaults.

17/01 Exclusive: Aramco CEO predicts tighter oil markets, sees Red Sea risks

Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the Houthis on ships would lead to a shortage of tankers due to longer voyages and a supply delay, the CEO of Saudi oil giant Aramco said.

16/01 Drawn by low prices, Chinese refiners hunt for oil to replenish stocks

Chinese refiners are actively booking crude oil cargoes for delivery in March and April to replenish stocks, locking-in relatively low prices and in anticipation of stronger demand in the second half of 2024, trade sources said.

28/11 Oil rises, Brent tops $80 ahead of OPEC+ meeting

Oil prices rose on Tuesday as the possibility that OPEC+ will extend or deepen supply cuts was compounded by a storm-related drop in Kazakh oil output to send the Brent benchmark above $80 a barrel.

23/11 Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting

Oil prices fell by more than 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers might cut output less than earlier anticipated.

22/11 Oil tumbles nearly 4% as OPEC+ meeting delayed

Oil prices tanked nearly 4% on Wednesday as OPEC+ producers delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts.

14/11 IEA raises oil demand growth forecasts, flags possible 2024 surplus

The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year and next despite slower economic growth in nearly all major economies, although its 2024 outlook remains much lower than that of producer group OPEC.

13/11 Goldman Sachs forecasts higher returns on commodities

Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical supply risks.

08/11 Oil prices stutter after hitting 3-mths-lows, demand concerns mount

Oil prices stuttered on Wednesday after sliding to their lowest in over three months in the previous session, weighed down by concerns over waning demand in the world's top oil consumers, the United States and China.

18/10 Oil jumps over 2% as Middle East tension flares up

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.

12/10 IEA, OPEC predictions of 2024 oil demand growth diverge further

The gap between two leading oil forecasters' views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) predicting a sharper slowdown while producer group OPEC stuck to expectations for buoyant China-led growth.

12/10 Economic headwinds prompt IEA to cut 2024 oil demand growth forecast

The International Energy Agency (IEA) lowered its oil demand growth forecast for 2024 on Thursday, suggesting harsher global economic conditions and progress on energy efficiency will weigh on consumption.

06/10 US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks

U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand.

29/09 OPEC+ panel unlikely to tweak oil policy at Wednesday meeting, sources say

OPEC+ is unlikely to tweak its current oil output policy when a panel meets next Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally.

13/09 OPEC+ cuts to tighten oil market sharply in fourth quarter, IEA says

Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it largely stuck by its estimates for demand growth this year and next.

13/09 Oil prices hover near 10-month high on supply concerns

Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China.

12/09 Oil prices stable as market awaits data on inventories, economy

Brent crude futures hovered just above $90 a barrel on Tuesday, as investors awaited a slew of macroeconomic data due later this week that could indicate whether Europe and the U.S. continue to hike interest rates.

07/09 Oil prices edge up on anticipated US crude stock draw

Oil prices edged higher on Thursday, after industry data showed U.S. crude oil inventories were expected to have fallen last week, signaling tightening supplies on top of extended production cuts in Saudi Arabia and Russia.

04/09 Low US heating oil stockpiles could cause winter sticker shocks

Americans could face a sticker shock with their heating bills this winter, especially if it is a chilly one, due to unusually low U.S. stockpiles of distillate fuels following OPEC+ crude supply cuts and higher demand from Europe, analysts said.

01/09 Oil rises to highest in over seven months on supply worries

Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.

23/08 Oil prices ease on concerns over rate hikes, China gloom

Oil prices eased in early trade on Wednesday, weighed down by fears U.S. interest rates could stay higher for longer and economic growth could slow further in top crude importer China and hurt fuel demand.

22/08 Oil dips on possible easing of tight supply, China woes hurt demand outlook

Oil edged lower on Tuesday as the market waited to see if Iraqi oil exports resume, which could ease the supply tightness caused by the OPEC+ cut, while a faltering Chinese economy continued to undercut the global demand outlook.

21/08 China LNG buyers expand trading after adding more US, Qatari contracts

China's liquefied natural (LNG) gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market.

18/08 Oil set to snap 7-week winning streak on China woes, Fed rate outlook

Oil prices looked set to snap a seven-week winning streak on Friday as concerns about demand growth in China as its economy slows, and the possibility of higher for longer U.S. rates triggered losses.

15/08 U.S. gasoline prices at year high, tight supply weighs on motorists

U.S. motorists are squeezing out one last trip before Memorial Day holiday and school begins, as pump prices surge to their highest level this year on tighter gasoline supplies.

11/08 IEA sees slower 2024 oil demand growth, tightening market this year

The International Energy Agency (IEA) on Friday said demand growth for oil next year will be slower than previously forecast, citing lacklustre macroeconomic conditions, a post-pandemic recovery running out of steam and the burgeoning use of electric vehicles.

02/08 Oil prices rise more than 1% after sharp drop in US crude stocks

Oil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the U.S., the world's biggest fuel consumer.

02/08 US pulls back offer to buy 6 million barrels of oil for emergency reserve

The Biden administration has pulled an offer to buy 6 million barrels of oil for the Strategic Petroleum Reserve, an Energy Department spokesperson said on Tuesday, as oil prices are expected to keep rising after a output cut from Saudi Arabia.

31/07 Oil inventory drops set stage for higher prices

Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months.

20/07 Oil prices open lower on dollar strength, profit-taking

Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected.

19/07 Oil prices up on China economic support pledge, tighter supply

Global oil prices rose on Wednesday, boosted by China's pledge to support economic growth, tighter supply from Russia and on lower weekly U.S. crude oil inventories.

07/07 Oil prices steady as rate hike fears offset signs of tightening supply

Oil prices were largely unchanged on Friday, but set to post weekly gains, as fears of higher U.S. interest rates that could dampen energy demand were offset by signs of tighter supply after a larger-than-expected fall in U.S. oil stocks.

30/06 Oil heads for first monthly gain this year as supply tightens

Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks outweighed concerns that fuel demand will be dented further by more interest rate hikes.

28/06 Oil ticks up as drop in US crude and gasoline stocks exceeds view

Oil prices edged higher on Wednesday as markets worried about supply tightness in the U.S., the world's biggest oil consumer, after data showed a larger-than-expected draw in its crude and gasoline inventories.

06/06 US crude oil exports to gain tail winds from Saudi July output cut

U.S. crude oil exports, already running close to a record level hit in March, should get a further boost next month from deep production cuts in Saudi Arabia, analysts said on Monday, noting that this will also further deplete U.S. crude inventories, which have been hovering near historic lows.

01/06 Chile's Boric to insist on shelved tax reform bill by end of July

Chilean President Gabriel Boric said on Thursday his government will insist on pushing through a tax reform bill that was shelved by Congress earlier this year.

01/05 Oil prices dip on U.S. rate hike expectations, weak China PMI

Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier gains.

29/04 Crude prices up over 2% on rising U.S. oil demand and lower output

Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings and U.S. data showed crude output was declining while fuel demand was growing.

27/04 Oil prices rebound after recession fear, Russia exports fuelled earlier losses

Oil prices rose on Thursday, paring earlier losses that were fuelled by U.S. recession fear and increased Russian oil exports dulling the impact of OPEC production cuts.

26/04 Unable to process Venezuela's heavy oil, Cuba turns to Russia, Mexico -data, sources

Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.

25/04 Global refinery margins lose steam as Russian oil finds new outlets

Global diesel margins have slumped by about half since February, dragging on refiners' profits, as Russian exports continue despite sanctions, helping output from China and India reach all-time highs in March.

14/04 OPEC+ cuts risk oil supply deficit, threaten economic recovery -IEA

Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery, the International Energy Agency (IEA) said on Friday.

29/03 Oil gains for 3rd day on Kurdish supply concerns, easing banking fears

Crude prices rose for a third day in early Asian trade on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supply and market sentiment improved as fears of a banking crisis eased.

22/03 Falling US gasoline stockpiles signal a repeat of last summer's high prices

U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months.

21/03 Oil prices stabilize as banking deal eases some worries about crude appetite

Oil prices stabilised on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude.

09/03 Oil flat as China hopes, US stock draw contend with economic concerns

Oil prices were in a holding pattern on Thursday, as a larger-than-expected draw in U.S. crude stocks and hopes for China demand contended with worries that more aggressive U.S. interest rate rises would slow economic growth and dent oil consumption.

08/03 Oil stabilises as surprise US crude draw offsets rate hike jitters

Oil prices steadied in early Asian trade on Wednesday as industry data showed a draw in U.S. crude oil inventories, after the market tumbled in the previous session on fears more aggressive U.S. interest rate hikes would hit demand.

03/03 Oil set for weekly gain as China demand optimism trumps recession fears

Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China's demand recovery overrode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe.

02/03 Oil holds gains on China rebound, even as U.S. crude stocks rise

Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world's top oil importer, which offset worries about a rise in U.S. crude inventories.

24/02 Oil gains on Russian supply cut worries, but higher U.S. inventories weigh

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States.

22/02 Oil steadies as investors await U.S. Fed Reserve comments

Oil prices were steady on Wednesday as investors await the U.S. Federal Reserve's comments after recent data pointed to the possibility of more interest rates hikes, which may lower economic growth and limit global fuel demand.

20/02 Oil prices little changed, nurse last week's losses on improved supplies

Oil prices were little changed in early Asian trade on Monday, after settling down $2 a barrel on Friday, as rising supplies in the United States and forecasts of more interest rate hikes cooled optimism over China's demand recovery.

25/01 U.S. crude stocks highest since June 2021 as fuel demand falls -EIA

U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, crude stocks reached the highest level since June 2021, the Energy Information Administration (EIA) said on Wednesday.

19/01 Oil down 1% on another surprise build in U.S. crude stocks

Oil prices fell on Thursday after industry data showed a large unexpected increase in U.S. crude stocks for a second week, heightening concerns of a drop in fuel demand.

18/01 Oil prices up 1% to near 7-week high on China recovery hopes

Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the U.S. dollar and optimism that the lifting of China's strict COVID-19 curbs will lead to a fuel demand recovery in the world's top oil importer.

18/01 Exclusive: U.S. energy chief warns Republicans that oil bill would raise pump prices

The Strategic Production Response Act, introduced by Republican Representative Cathy McMorris Rodgers, would limit presidential authority in releasing oil from the strategic reserve.

18/01 China's COVID-19 reopening set to push 2023 oil demand to new high -IEA

The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record high, the International Energy Agency (IEA) said on Wednesday, while price cap sanctions on Russia could dent supply.

07/01 Oil settles flat, with weekly decline on recession worries

Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns.