Posts Tagged ‘Crude oil supplies’
Gold and Oil News - May 5, 2025 13:10
Crude Oil Prices Keep Sliding as Opec Floods Market
In recent months, the price of crude oil has seen a notable drop, as Brent crude fell more than 20% from mid-January, now hovering near $60 per barrel – a low not seen in four years. A mix of reasons has pushed this decline, such as OPEC+ pumping out more oil, a dip in the […]
Rising Oil Prices Don’t Look Like They Are About To Stop
Oil prices are souring and don’t look to be stopping. As sanctions hit Russia, the second-largest exporter of oil in the world, after its invasion of Ukraine, a global search for crude oil spare barrels is under way. However, don’t be surprised if Saudi Arabia doesn’t step in to help. The kingdom could reduce global […]
EIA Reports Increase of 3.8 Million Barrels in Oil Stockpiles
Energy Information Administration released its inventories report on Wednesday according to which crude oil supplies jumped by 3.8 million barrels for the week ending August 24th, 2012. On the other hand American Petroleum Institute reported much higher increase in oil supplies a day earlier in its report. Analysts on average were expecting the decrease of […]
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