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OilMonster
Crude Oil News
Crude prices rise further following OPEC+ decision
Benchmark crude prices rose by more than $1/bbl on Friday following on from gains made…
December 3rd 2021
U.S. Could Tweak Timing of Oil Stockpile Release if Prices Fall
The department would also offer 18 million barrels of oil for a sale that had…
December 2nd 2021
Oil Prices Sink Again as Traders Use Omicron as an Excuse to Hit ‘Sell’
Analysts at Goldman Sachs called the decline in oil prices "excessive," saying "the market has…
December 2nd 2021
U.S. Crude Production Falls 3.5% After Ida Hit Offshore Output
Total U.S. petroleum demand in September rose 9.8%, or 1.81 million bpd, from a year…
December 1st 2021
Oil Slumps on Omicron Fears; Posts Biggest Monthly Fall in 20 Months
It is unclear if the Organization of the Petroleum Exporting countries and their allies, together…
December 1st 2021
U.S. Gasoline Prices Could Fall Below $3 if Oil Market Sustains Losses
Before the news of the Omicron variant, oil prices had risen quickly as economies recovered…
November 30th 2021
Oil Pares Gains, But Ends Higher After Friday Slump
The World Health Organization has said it could take weeks to understand the variant's severity,…
November 30th 2021
Uganda-Tanzania Crude Oil Pipeline will Unleash Opportunities for East Africa
The Uganda–Tanzania Crude Oil Pipeline, is under construction and intended to transport crude oil from…
November 29th 2021
Oil Recoups Losses From Friday, Focusing on Omicron Spread, Iran Talks
OPEC+ has been releasing 400,000 barrels per day of oil per month while winding down…
November 29th 2021
OPEC considers pausing oil production increase after Biden releases more crude
Top oil producers Saudi Arabia and Russia are considering pausing their planned efforts to ramp…
November 26th 2021