Page 8 - Us Oil Prices

Will Colonial fuel pipeline shutdown mean US pump prices rise?

The largest US fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyberattack

Oil prices slip for fifth consecutive day lower after US stockpile build

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in US crude and fuel inventories, while the ever-present pandemic clouded the demand outlook

US becomes India's second biggest oil supplier, Saudi falls to fourth spot

Iraq continued to be the top oil seller to India despite a 23% decline in purchases to a five-month low of 867,500 bpd, the data showed

Barclays lifts 2021 oil price outlook on tighter US supply view

Barclays cited weaker than expected supply response from US producers to higher prices

Oil prices increase more than $1 as US output slow to restart

Morgan Stanley expects Brent crude prices to climb to $70 per barrel in the third quarter

Oil prices rise with storm-hit US output set for slow return

Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel by 1330 GMT

Oil gains on weaker dollar, unexpected rise in US crude oil inventories

A weak greenback makes dollar-denominated commodities such as crude oil cheaper to holders of other currencies.

Oil takes breather after coronavirus vaccine rally as stockpiles rise

US oil edged lower, after an industry report showed crude stockpiles in United States rose against expectations, tempering a rally driven by news that another vaccine had proved effective in trials

Devon Energy to acquire shale-oil rival WPX Energy for $2.56 billion

The all-stock deal comes as US shale companies have posted big losses on weak crude prices amid the Covid-19 pandemic and have struggled to raise new capital to restructure debt

66% energy execs believe US oil production has peaked: Dallas Fed survey

The Dallas Fed did not say if the peak was considered temporary or permanent as major oil firms have been discussing

US shale oil output to drop 68,000 bpd to 7.64 million bpd in October: EIA

US oil output from seven major shale formations is expected to decline by about 68,000 bpd in October to 7.64 mn bpd, the US Energy Information Administration said

Oil prices gain as storm shuts US output, progress in Covid-19 treatment

Brent crude was up 32 cents, or 0.7 per cent, at $44.67 a barrel by 0753 GMT. US West Texas Intermediate crude rose 31 cents, or 0.7 per cent, to $42.65

China ramps up US oil purchases ahead of trade deal review: Report

China had emerged as a top U.S. crude buyer, taking $5.42 billion worth in 2018 before trade tensions brought flows to a near halt

Oil prices slide as surge in Covid-19 cases weighs on demand outlook

US West Texas Intermediate crude futures were down 70 cents, or 1.7 per cent, at $40.57 a barrel

Oil prices mixed as coronavirus spike casts shadow over US demand

OPEC and allies including Russia, collectively known as OPEC+, have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July

Why all eyes will be on the expiry of Brent oil futures this week

Analysts and investors have been wondering if the same will happen to Europe's Brent oil futures

Coronavirus: In heavy debt, US oil firms hit hardest as prices collapse

Major issuers of junk bonds to finance expansion, US energy companies are in deep trouble now

Oil prices ease as focus shifts from Iran tensions to US crude build

JPMorgan analysts maintained their forecast for Brent to average $64.50 a barrel this year

Oil prices slide 4% on concerns of slowing demand, equity rally caps losses

Crude inventories rose 6.8 million barrels in the week to May 31, compared with analyst expectations for a decrease of 849,000 barrels

Govt cannot ensure cheaper oil to India, says US commerce secretary

Ross is in India to participate in a trade forum