US crude inventories rose 7 million barrels

US Crude Inventories Rose 7 Million Barrels to 456.6 Million Barrels

U.S. crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, the Energy Information Administration said on Wednesday. U.S. crude oil production remained at a record 12.2 million barrels per day (bpd), making the United States the world’s biggest oil producer ahead of Russia and Saudi […]

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Oil Trade between India and Iran

India’s Iran oil imports, is highest in last 15 years

India’s daily oil imports from Iran in August surged to their highest in at least 15 years as the OPEC (Organization of the Petroleum Exporting Countries) producer boosted its shipments to recoup market share ceded to rivals Saudi Arabia and Iraq under pressure from economic sanctions. India received about 576,000 barrels per day (bpd) of […]

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News on crude oil prices

Iran sanctions effect Oil Prices in September

The significant issue confronting the worldwide oil showcase throughout the following a while is the impact of the Iran sanctions. At first, experts appeared to be persuaded that US authorizes alone would not majorly affect Iranian fares. As the due date to consent to the assents approaches, it is ending up obvious that the US-drove […]

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Crude Oil Prices

News that could impact oil prices in September

In spite of the fact that monetary and political occasions keep on driving oil costs and in addition vitality advertise unpredictability, regularity can give an extra impetus. As we head into September, here are three things that could affect the bearing in which oil costs head straightaway: United States’ customers can anticipate that gas costs […]

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crude oil price

Raw petroleum prices are up almost 7.5%

Raw petroleum prices are up almost 7.5% off the August lows with the inversion currently moving toward the month to month opening-run highs. Here are the refreshed targets and negation levels that issue on the Crude Oil price diagrams this week. Review the current month’s Strategy Webinar for a top to bottom breakdown of this setup and the sky is […]

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Crude Oil photo by Arild Lillebø

No progress on Crude Oil trade between US and China

Raw petroleum costs kept on ascending yesterday, as exchange talks between the U.S. furthermore, China finished with no significant leap forward. West Texas Raw petroleum fates rose 0.87% to $68.42 a barrel starting at 439 AM ET (8:39 GMT). In the interim Brent rough fates, the benchmark at oil costs outside the U.S., expanded 0.74% […]

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