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The latest oil storage news today

US seeks up to 3 million barrels of oil for emergency reserve The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchase that would leave the government with little money to buy more until lawmak
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The latest oil storage news today

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US seeks up to 3 million barrels of oil for emergency reserve The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchase that would leave the government with little money to buy more until lawmakers approve more funds.

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3 FAQs about [The latest oil storage news today]

Why did oil prices fall on Friday?

Oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China.

Why did oil prices drop 2% on Wednesday?

Oil prices slumped over 2% on Wednesday as worries over supply disruptions in Libya eased and demand concerns continued despite China's latest stimulus plans.

Why did UBS cut its oil price forecasts for 2024?

UBS cut its oil price forecasts for 2024, citing a weaker global demand outlook especially driven by a slowing Chinese economy. Oil prices climbed more than 2% on Wednesday, driven by fears of lengthy production shutdowns in the U.S. offshore oil patch, which Hurricane Francine was barreling through on the way to landfall in Louisiana.

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Oil prices hold at 14-month low as demand worries offset big US storage

Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out of Libya offset a big withdrawal from U.S. inventories and a delay to

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Slow decline in crude oil storage at Cushing

The amount of crude oil in storage at the Cushing hub in Oklahoma continues to see a slow decline while nationally, the amount rose by 2 million barrels. The latest report from the U.S. Energy Information Administration put the amount at 22.6 million barrels in Cushing or 800,000 barrels less than one week earlier.

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Weekly U.S. and regional crude oil stocks and working storage

To estimate current working storage capacity utilization, we compare weekly reported crude oil stocks (excluding pipeline fill and estimated barrels in transit by tanker ship, barge, rail, or truck) with the latest available monthly refinery and tank farm storage capacity.

Oil prices gain 2% on big US storage withdrawal, weaker US dollar

Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China.

Fire rages for third day at Russian oil depot

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. a massive fire burned for the third consecutive day

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Access the latest crude oil prices and global market dynamics. In-depth analysis, news, and real-time updates on crude indexes. To make informed business decisions in today''s oil markets, you need Argus. Latest crude oil news. Browse the latest market moving news on the global crude oil industry. Latest crude oil news. 11/11/24.

Cushing crude storage slips again

Crude oil stocks remain at low levels at the Cushing hub where nearly 4 months ago, analysts said the amount stored at the northern Oklahoma site were "quickly approaching critically low levels." The last time Cushing had such a low storage amount was when crude prices hit $100 or more. West Texas Intermediate crude is up to $88 a barrel in

Russia oil depot hit by Ukrainian drone in flames as Ukraine

A Ukrainian drone struck an oil storage depot in western Russia on Friday, causing a massive blaze, officials said, as Kyiv''s forces apparently extended their attacks on Russian soil ahead of the

Oil prices hold near 2-week low after OPEC cuts

2 · Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC''s latest downward revision for demand growth, a stronger U.S. dollar

United States API Weekly Crude Oil Stock

Bitcoin price today: hits fresh record high of $86k Pro News; More In News; Latest; Most Popular; Sports & General The figure shows how much oil and product is available in storage.The

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Latest News CBA Reports Q3 Chevron has announced first oil at the Anchor field in the US Gulf of Mexico (GoM) deepwater, unlocking the potential for a considerable amount of new production, according to Wood. today announced it completed its largest PFAS remediation project to date. The.

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ANALYSIS: Oil in floating storage rebounds to three-month highs

The volume of crude oil and condensate in tankers worldwide is starting to once again rebound as sanctioned Iranian oil starts to mount up, while oil offshore China is also on

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New Pipeline Has Oil-Storage Tanks at Key US Hub Running Dry

Oil-storage tanks at a key US crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows elsewhere, muddying market signals that traders

Oil ends slightly firmer after US crude stock draw, firmer dollar

Oil prices edged higher on Wednesday after data showed U.S. crude stockpiles fell last week as refiners slowly ramped up output ahead of the summer driving season, while a stronger dollar capped

Crude oil storage slipped again at Cushing hub

The government''s latest report shows crude oil storage at the Cushing hub in Oklahoma continued to drop after a slight gain from two weeks ago. The U.S. Energy Information Administration reported that as of August 26, Cushing maintained a total of 25,284,000 barrels of crude oil in storage. It was a decline of more

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Cushing still holds less than half of its crude oil storage potential

The supply of crude oil at the Cushing hub in northern Oklahoma increased slightly in the past week, reaching more than 30 million barrels of oil. The late petroleum supply report by the U.S. Energy Information Administration showed 30,917,000 million barrels of oil were in storage at Cushing. It compared to 28,917,000 million barrels

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