Sat.Mar 08, 2025 - Fri.Mar 14, 2025

Remove barrel-crude-oil
article thumbnail

Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

Crude oil inventories in the United States saw an increase of 1.4 million barrels during the week ending March 7, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid strong product draws.

article thumbnail

U.S. crude oil inventories decrease by 5.7 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of March 7, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.7 million barrels per day.

Crude Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oil Prices Dip Despite Bullish Demand Outlook

OilPrice

Crude oil prices dipped today, despite expectations for strong demand following the U.S. At the time of writing, Brent crude was trading at $70.87 per barrel, with West Texas Intermediate at $67.55 per barrel, both down from Wednesday. The Energy Information Administration reported a crude oil stock build of 1.4

Crude Oil 282
article thumbnail

Draws in Fuel Stocks Counter Crude Inventory Build

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.247 million barrels for the week ending March 7. million-barrel build. So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data.

article thumbnail

Oil Prices Continue Downward Spiral Amid Market Chaos

OilPrice

Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish catalysts. Brent crude for May delivery fell 1.38% to trade at $69.39 per barrel at 1.44 pm ET on Monday, while WTI crude for April delivery declined 1.37% to change hands at $66.12 per barrel.

Oil 293
article thumbnail

Barclays Slashes Oil Price Forecast on 500,000 Bpd Demand Growth Cut

OilPrice

Barclays sees Brent Crude prices at $74 per barrel this year, down by $9 from its previous forecast, as it slashed its global demand growth estimate in mounting economic uncertainties. We turn neutral on oil prices relative to the curve and consensus, as we revise down our 2025 demand outlook 510,000 barrels per day due to soft high?-?frequency

Oil 336
article thumbnail

India’s Oil Imports From Russia Rebound After Initial Sanctions Chaos

OilPrice

Indian imports of crude oil from Russia appear to be rebounding in March following lower purchases earlier this year in the immediate aftermath of the January U.S. sanctions on Russias oil trade.

Oil 327