OPEC chief sees oil stocks falling further

OPEC and its allies expect oil inventories to fall further in the coming months, OPEC’s secretary general said, suggesting efforts by the producers to support the market are succeeding

EIA: US crude stockpiles slump after a surge in exports

U.S. crude oil stockpiles last week fell more sharply than expected as refining output rose and exports surged, the Energy Information Administration said

U.S. crude stocks drop, fuel inventories higher

US crude oil stocks fell, but fuel inventories were higher in the most recent week, data from industry group the American Petroleum Institute showed

Saudi voluntary oil cut to help with low demand in first quarter

Saudi Arabia’s voluntary oil production cut is set to help the oil market navigate through seasonally low oil demand during the first quarter, OPEC’s secretary general told an industry event

U.S. crude stockpiles dip, gasoline builds amid weak fuel demand

U.S. crude oil and distillate inventories fell last week, while gasoline stocks rose in another weak showing for fuel demand, the Energy Information Administration said

Oil Inventories Rose by 951,000 Barrels

US oil stockpiles rose last week, intensifying worries about the demand outlook at a time when traders weigh up weather-related supply disruptions, which have shut-in production in the Gulf of Mexico

Barkindo sees OECD oil stocks below five-year average after first quarter of 2021

“The expected supply and demand balance would result in OECD commercial stocks standing well above the latest five-year average in Q3/2020,” Barkindo said in remarks at the G20 Energy Ministers virtual meeting

Oil prices gain on sharp US crude inventory drop

Oil prices edged up after a steep drop in US crude inventories, but another record day for COVID-19 cases worldwide kept gains in check

US crude, distillate stockpiles rise unexpectedly

US crude oil and distillate inventories rose unexpectedly and fuel demand slipped last week, the Energy Information Administration said, as a sharp outbreak in coronavirus cases hit US consumption

EIA: US crude stockpiles rise unexpectedly last week

US crude oil stockpiles rose last week even as refineries hiked output, while gasoline inventories decreased and distillate inventories rose, the Energy Information Administration said