The United States will release 50 million barrels of crude from the U.S. Strategic Petroleum Reserve to help cool oil prices, that will start hitting the market in mid- to late-December, the White House said

Barclays raised its 2022 oil price forecasts as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest surplus next year

The world’s biggest economies said they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices

OPEC is seeing signs of an oil supply surplus building from next month so its members and allies will have to be “very, very cautious” when they review output policy at regular monthly meetings, the group’s secretary-general said

An oil market rally may ease off as prices that hit a three-year high last month help push up global production, particularly in the United States, the International Energy Agency (IEA) said

President Joe Biden’s administration should turn to emergency oil reserves to curb rising gasoline prices as Americans enter the holiday season, the majority leader of the U.S. said Senate, Chuck Schumer

China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because of rising prices while independent refiners were restrained by limited quotas to import

YPF said its revenues had returned to pre-pandemic levels in the third quarter of 2021, helping it post a net profit of $237 million in the period on rebounding shale oil and gas production

The Organisation of Petroleum Exporting Countries and its allies, the group known as OPEC+, are able to increase oil supply if there is market demand, United Arab Emirates Energy Minister Suhail al-Mazrouei told Asharq TV

BP said in a statement that its net loss widened to $2.5 billion in the period from July through September from $450 million in the same period a year earlier