Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...
Tags: Crude, ULSD, crude stocks
After more than doubling its strategic oil reserves since last year, China may apply the brakes to its buying spree as storage availability is expected to be limited, while a climate of depressed prices will reduce any urgency to snap up ...
Tags: Oil Reserve, crude, oil price
With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
China's crude stocks continued to grow for the fifth straight month in October, despite a month-on-month drop in net imports, output and slight rise in throughput, Platts calculations based on recently released official data showed. Crude ...
Tags: crude stock, crude oil
The differential between the WTI frontline swap and the Dubai swap is at its widest since mid-January, possibly opening up arbitrage opportunities for imports into the US, Platts data showed. The December Dubai swap was trading at a ...
Tags: WTI frontline swap, Dubai swap, crude
US commercial crude stocks rose 1.45 million barrels to 383.91 million barrels in the reporting week that ended June 6, American Petroleum Institute data showed Tuesday. Analysts surveyed Monday had been expecting a 1.2 million-barrel ...
Tags: Crude Stocks, crude futures
US commercial crude stocks fell 10.3 million barrels to 390.69 million barrels for the reporting week ended May 16, American Petroleum Institute data showed Tuesday. The draw is far larger than analysts had expected. A Platts survey of ...
Tags: Crude Stocks, NYMEX crude
US crude stocks climbed 3 million barrels to 391.7 million barrels in the week that ended April 25, as inventories at the Cushing, Oklahoma, delivery hub rose, data Tuesday from the American Petroleum Institute showed. Analysts polled by ...
Tags: Crude Stocks, USGC imports
US crude stocks jumped 10 million barrels last week -- the largest build in 13 years -- on a surge in imports and lower refinery run rates in the US Gulf Coast, data from the US Energy Information Administration showed Wednesday. The ...
Tags: Crude Stocks, lower refinery
NYMEX May crude settled $1.84 lower at $99.74/barrel Tuesday on expectations of another build in US crude stockpiles and bearish data from China and Europe. ICE May Brent settled $2.14 lower at $105.62/b. The Brent-WTI spread settled at a ...
Tags: Oil Futures, crude, NYMEX
US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery
NYMEX May crude futures settled 14 cents higher at $99.60/barrel Monday with investors focusing on the suspension of vessel boardings in the Houston Ship Channel and its possible impact on oil movements in the US Gulf Coast region. May ...
Tags: Houston Ship Channel, Oil
US commercial crude stocks are expected to have risen 2.3 million barrels for the week ended March 7, according to a Platts analysis and survey of oil analysts Monday. The American Petroleum Institute will release its weekly report at ...
Tags: Crude, commercial crude stocks
Nigerian crude values have been picking up steadily this week on strong US demand for Nigerian and West African crudes, trading sources said Friday. There has been a lot of activity in the past week, with only about 12 out of the 62 ...
Tags: Crude Values, domestic US crudes
The front-month Brent-WTI spread settled at a fresh five-month low of $6.48/barrel Friday, as steady drawdowns in crude stocks at the Cushing, Oklahoma, delivery hub have lent upside support to WTI, while Brent remains subdued. NYMEX ...
Tags: crude, Brent futures