Joe Biden expected to announce another big release of US oil reserves
White House due to step up efforts to contain crude prices amid high inflation
White House due to step up efforts to contain crude prices amid high inflation
Agency says markets could lose 3m barrels per day of Russian crude and refined products
Mass rollouts are likely months away and subject to regulatory approvals
Hopes for a swift economic recovery in China limited losses
US storage facilities no longer full to the brim
Slowdown in global demand due to Covid-19 leading to scarcity of places to store crude oil
Futures rise above $15 a barrel but Opec+ deal to slash production fails to offset demand losses
Brent bounces back from two-decade low after US president takes aim at Iranian vessels
Futures plunged to negative territory on Monday, leading to scramble for storage
Meaningful rebound will have to come from fall in coronavirus fears, analyst says
Skinny waterway is one of the world’s most important oil choke points
US urges group against curbing supplies
Weak dollar also supports prices as Opec-led effort to curb production starts to pay off
Opec has been trying to cut global supply but US provides counterbalance
Output curbs by Opec, Russia have supported recent price gains
Prices weather hurricanes, Middle East conflict and tussle between Opec and US shale
Gulf Coast refiners ramp up crude processing after disruptions from Hurricane Harvey
Record flooding in Texas, cripples 4.4m daily barrels of refining capacity
Oil inventories drop by 9.2m barrels while output from Libya rebounds
Longest rally this year falters as Russia signals opposition to further Opec cuts
Rising US oil output contributing to ineffectiveness of Opec-led cuts
Concern mounts that rising US output will counter reduction by Opec
Market torn as new report suggests US production is still climbing
Futures slide despite Opec production cut as US oil output looks set to surge
Countries had agreed cuts in order to reduce the global supply glut depressing prices
‘Market has to take a lot on faith’ that producers’ agreement will reverse oversupply
Strong dollar also weighs on prices ahead of US Thanksgiving holiday
Biggest weekly loss of year on cards as investors ignore talk of Opec production freeze
Fuel inventories in the US, Europe and Asia are brimming despite being peak summer driving season
Global markets, including commodities, have been on tenterhooks for weeks
Crude down more than 5 per cent since hitting 2016 highs of nearly $53 a barrel
Oil has almost doubled from wintertime lows on news of unplanned supply interruptions
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