07 Nov 2024
Although crude imports rose by a modest 265,000 barrels per day (bpd) during the week, exports plunged by over 1.4 million bpd, leading to a significant net import spike of nearly 1.7 million bpd compared to the previous week.
07 Nov 2024
06 Nov 2024
Industry experts have warned that the storm could potentially reduce oil output by as much as 4 million barrels, adding to ongoing supply uncertainties. Furthermore, the depreciation of the US dollar against other major currencies made oil more affordable in international markets.
06 Nov 2024
05 Nov 2024
05 Nov 2024
05 Nov 2024
The planned OPEC+ increase in oil output, originally scheduled for December 1, has been postponed as concerns mount over global market instability, which could exacerbate the anticipated decline in prices after the production hike.
