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Breaking News

the official data released by the Energy Information Administration on Tuesday that forecast U.S. crude oil production will average 11.8 million b/d in 2020 from the current weekly estimate 13 million bpd.

about 21 hours ago

U.S. crude production is expected to slump by 470,000 bpd and demand is set to drop by about 1.3 million bpd in 2020, the U.S. Energy Information Administration (EIA) said.

about 21 hours ago

U.S. crude inventories jumped by 11.9 million barrels to 473.8 million barrels in the week to April 3, according to data from the American Petroleum Institute (API)

about 21 hours ago

Oil prices spiked 25 percent on Thursday after President Trump tweeted that Saudi Arabia and Russia would cut production by 10 to 15 million barrels per day (mb/d)
about 6 days ago

Crude oil futures jumped nearly 5% in early trading on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal in the next few days to end their oil price war.
about 7 days ago

Last week, U.S. crude stockpiles rose 13.8 million barrels in their biggest weekly increase since 2016. (EIA)
about 7 days ago

Gasoline demand suffered its biggest weekly drop ever as economic activity has dropped due to the coronavirus pandemic, U.S. Energy Information Administration data showed.
about 7 days ago

US Crude oil inventories rose by 10.5 million barrels last week, far exceeding forecasts for a 4 million barrel build-up, data from industry group the American Petroleum Institute showed.
about 8 days ago

Oil prices are near their lowest since 2002 amid the global coronavirus crisis that has brought a worldwide economic slowdown and slashed oil demand. Crude futures ended the quarter down nearly 70% after record losses in March.
about 8 days ago

Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand.
about 9 days ago

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