Page 3 - Crude Oil Supply

Oil soars 3% to 7-year highs on Ukraine jitters, tight supplies

Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all US citizens to leave the country within 48 hours

Oil prices stable at $90/Bbl, Iran supply prospects add pressure

Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT

Oil heads for sixth weekly gain amid supply concerns and rising demand

This year, prices have gained about 15% amid geopolitical tensions between Russia, the world's second-largest oil producer and a key natural gas provider to Europe, and the West over Ukraine

Oil prices steady ahead of OPEC+ meeting to decide output policy

Brent crude futures gained 1 cent to $78.99 a barrel at 0239 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $76.06 a barrel.

Oil prices rise to highest level in a month as Omicron concern eases

US airlines cancel more than 1,000 flights on Sunday; British minister says no new Covid curbs for England in 2021

Oil prices settle lower on oversupply concerns, strong dollar

Brent crude futures fell 69 cents, or 0.9%, to $73.70. U.S. West Texas Intermediate (WTI) crude futures settled down 56 cents, or 0.8%, at $70.73.

Oil drops towards $73 as concerns regarding Omicron variant grow

Brent crude oil futures dropped 98 centsby 14.05 GMT

US launches auction for 32 mn barrels of crude oil from 4 SPR sites

The US launched an auction for 32 million barrels of crude from four strategic petroleum reserves (SPR) sites to be delivered between late-December and April 2022

Oil gains after US infrastructure bill passes, Chinese exports rise

Brent crude was up by 86 cents or 1% at $83.60 a barrel by 0745 GMT, after dropping nearly 2% last week

Oil benchmarks settle at highest since 2014 on global supply shortage

Analysts expect the latest weekly US oil inventory data to show a 1.9 million-barrel build in crude stocks

Brent oil surges to $85 per barrel as energy crisis stokes demand

Brent crude futures were up 80 cents, or 0.95% a barrel at 0930 GMT

Oil prices edge lower in wake of jump on OPEC+ supply restraint

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply.

Oil climbs to one-week high on US supply concerns, Brent crude up 0.7%

Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel

Oil recovers as tight US supplies offset China reserves sale plan

SINGAPORE (Reuters) - Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of nearly 1% after China announced plans to sell crude from its strategic reserves.

Oil price jumps as storm approaches Gulf of Mexico production hub

Oil prices rose on Friday and were on track to post big gains for week on worries about supply disruptions as energy companies began shutting production in Gulf of Mexico ahead of possible hurricane

Oil prices rise to $75 as US inventory drop counters virus worry

A rising number of coronavirus cases worldwide, despite vaccination programmes, has limited the upside for oil and remains a concern.

Oil prices edge higher as tight supply outweighs coronavirus spread

Brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel by 1150 GMT

Oil inches up as tight supply, vaccinations outweigh virus concerns

MELBOURNE (Reuters) - Oil prices were steady on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.

Oil inches up as demand recovery seen tightening supply through 2021

Brent crude gained 50 cents to $72.73 a barrel by 11:10 a.m. EDT (1510 GMT)

OPEC+ agrees to boost oil output after Saudi Arabia, UAE end standoff

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic