Posted inExploration & Production

Oil strong and steady on US stocks draw and supply tightness

Oil prices remain strong on the back of another sizeable draw of US crude stocks, while outages of some supply capacity are expected to last through the end of the year

Although not rising today, oil prices continue to thrive on the momentum of supply constraints in the US Gulf of Mexico, which was reflected in the large crude inventory draws report of last week. While oil production is slowly returning, there are still prolonged outages that may last into early next year, supporting a bullish […]

Posted inNews

Oil gets a boost on US stocks draw and supply tightness

Oil prices rise on projections for a larger-than-thought draw of US stocks, amid an overall global supply tightness

The bullish September spin looks poised to continue to nurture higher oil prices above $75 in the very near term, supported by the forecasted super-size gasoline draw by API, as well as general supply tightness that is likely to persist in the short term. Oil prices are gaining today as the API inventory forecasts show […]

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