Author name: David Ryabchikov

Crude Inventories Increased By 5.8 Million Barrels, Exceeding Analyst Expectations

Crude Inventories Increased By 5.8 Million Barrels, Exceeding Analyst Expectations

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Crude oil imports averaged 6.4 million bpd, declining by 183,000 bpd from the previous week. Crude oil imports were slighly lower than the four-week average of 6.5 million bpd. Strategic Petroleum Reserve increased from 363.8 million to 364.2 million as U.S. continued to buy oil for strategic reserves. Domestic oil production remained unchanged at 13.1

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Brent Could Climb to $95 as Bullish Sentiment Builds

Brent Could Climb to $95 as Bullish Sentiment Builds

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As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week. – German industrial production finally broke through the cycle of gloom after it posted a 2.1% increase in February, well above the consensus expectation of a 0.5% rise month-over-month. – Although Germany’s manufacturing

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3 Oil Stocks to Watch for Returns in April

3 Oil Stocks to Watch for Returns in April

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The oil industry’s prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop, quality oil stocks BP p.l.c. (BP), Petróleo Brasileiro S.A. – Petrobras (PBR), and Cheniere Energy Partners, L.P. (CQP) could be watched for returns in April. Read on…. The increasing oil demand for

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Russia’s Revenue Jumps in First Quarter Amid Rising Oil Prices

Russia’s Revenue Jumps in First Quarter Amid Rising Oil Prices

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Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country continues to weather sanctions over its war in Ukraine. Author of the article: Bloomberg News Bloomberg News Published Apr 08, 2024  •  Last updated 7 hours ago  •  2 minute read

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Oil heads for second weekly gain on geopolitical tension, supply concerns

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Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth as economies improve. Brent crude climbed 40 cents, or 0.4%, to $91.05 a barrel by 0425 GMT. US West Texas Intermediate

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