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WTI/RBOB Bounce After Crude Draw Despite New Record Production

WTI/RBOB prices traded lower since last night's API-reported surprise crude draw but a 1.404mm draw (and bid gasoline draw) reported by DOE .....»»

Category: blogSource: zerohedgeMay 16th, 2018

WTI/RBOB Slammed On Surprise Crude Build

API reported a significant crude draw yesterday and after last week's record US exports and biggest crude draw .....»»

Category: blogSource: zerohedgeJul 5th, 2018

WTI/RBOB Soar After Huge Surprise Crude Draw (Despite Production Surge)

Despite Russia production-cut roll-back headlines, WTI/RBOB prices are u.....»»

Category: blogSource: zerohedgeJun 13th, 2018

WTI Tops $71 After Surprise Crude Draw, Production Spikes

WTI/RBOB extended gains overnight (WTI at 3.5yr highs) following Trump's Iran decision and a surprise crude draw reported by API, and DOE data confirmed the draw (even larger) along with gasoline and distillate draws. US crude production jumped t.....»»

Category: blogSource: zerohedgeMay 9th, 2018

WTI/RBOB Slide After Surprise Crude, Gasoline Builds; Record Production

WTI/RBOB prices have gone nowhere since  API reported a surprise crude build, but after last week's across.....»»

Category: blogSource: zerohedgeApr 25th, 2018

WTI/RBOB Slides After Big Surprise Crude Build, Record Production

WTI/RBOB prices are higher once again amid escalating tensions over Syria, despit.....»»

Category: blogSource: zerohedgeApr 11th, 2018

China"s 2018 oil refinery output, December gas production hit records

Chinese oil refiners raised their output to a record in 2018, led by state-run oil majors which maximized operations on firm profit-margins and private refiners which increased processing after being granted higher crude import quotas......»»

Category: topSource: reutersJan 20th, 2019

Oil gains with Wall Street, but rising U.S. fuel stocks weigh

Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production......»»

Category: topSource: reutersJan 16th, 2019

Oil steady a day after big gain; rising U.S. fuel stocks weigh

Oil prices steadied on Wednesday after a 3 percent rise during the previous session, after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices......»»

Category: topSource: reutersJan 16th, 2019

WTI Dips After Huge Gasoline Build, Surge In US Production

WTI has dropped, popped, dumped, and jumped since last night's surprisingly small crude draw and major product builds from API, but re.....»»

Category: blogSource: zerohedgeJan 16th, 2019

Oil prices jump on US-China trade hopes, supply cuts

Record U.S. crude oil production has fuel stockpiles rising......»»

Category: topSource: foxnewsJan 7th, 2019

Oil Plunge, Winter Threaten North Dakota"s Record Production

North Dakota's daily crude productio.....»»

Category: worldSource: nytDec 28th, 2018

Oil prices slide as concerns about global economy, oversupply weigh

Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude......»»

Category: topSource: reutersDec 27th, 2018

OPEC output jumped last month, even as production cuts loom: IEA

Record pumping from Saudi Arabia lifted overall OPEC oil production in November, a bump in output that comes even as the group’s plan to impose production curbs next month has helped to put a floor under crude prices......»»

Category: topSource: marketwatchDec 13th, 2018

WTI Jumps Above $52 After Huge Crude Draw

WTI prices rebounded today on renewed optimism that announced production cuts from the OPEC+ coalition will re-balance global markets, and was helped by the fact that Libya’s biggest field remained shut, taking supply off line. "The Russians co.....»»

Category: blogSource: zerohedgeDec 11th, 2018

US September Crude Oil Production Hits 4th Month Running at Record Highs

US September Crude Oil Production Hits 4th Month Running at Record Highs $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX US Crude Oil production hit a new all-time high of 11.5-M BPD in September, accordi.....»»

Category: topSource: livetradingnewsDec 3rd, 2018

United States Oil (USO) record levels for three consecutive weeks

United States Oil (USO) record levels for three consecutive weeks The U.S. Energy Information Administration (EIA) estimated on Wednesday that U.S. crude oil production last week was 11.7 million barrels per day.....»»

Category: topSource: livetradingnewsNov 29th, 2018

Oil weighed down by record Saudi output; markets eye G20, OPEC meetings

Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week's OPEC meeting in Austria......»»

Category: topSource: reutersNov 26th, 2018

WTI Barely Bounces After Surprise Crude Draw

After the collapse in the energy complex today amid concern OPEC’s plans to cut production won’t be enough to stem a surge in stockpiles, all eyes are on API.....»»

Category: blogSource: zerohedgeNov 20th, 2018

Oil prices drop as market sell-off tops supply concerns

U.S. crude oil production has soared by almost 25 percent this year, to a record 11.7 million barrels per day (bpd)......»»

Category: topSource: foxnewsNov 20th, 2018

Record U.S., Russia and Saudi oil production means supply well outstrips global demand: IEA

The U.S., Russia and Saudi Arabia are pumping crude at record levels, causing global supply to significantly outrun demand, a monthly update from the International Energy Agency shows Wednesday......»»

Category: topSource: marketwatchNov 14th, 2018