Latest news and articles about crude oil from NEX English
The U.S. Energy Information Administration reported a rise in crude oil inventories to <strong>464.7 million barrels</strong>, marking the highest level in three years. This increase of <strong>3.1 million barrels</strong> surpassed analysts' expectations of a <strong>701,000-barrel</strong> rise.
Nigeria has announced a significant increase in crude oil supplies to the Dangote refinery in March, aiming to enhance fuel availability amid disruptions caused by the war in Iran affecting shipments from the Middle East.
U.S. oil shipments have reached Greece for the first time in four years, as refiners seek alternatives to crude oil from the Middle East. This development comes amid rising demand for alternative energy sources.
French company Total Energies has reported profits exceeding <strong>$1 billion</strong> (approximately <strong>€868 million</strong>) from purchasing oil shipments from the Middle East, capitalizing on disruptions caused by the conflict in Iran. This comes as oil prices soar to unprecedented levels.
Brent crude oil prices have risen by 3% today in Asia, surpassing $116 per barrel. This increase comes as tensions in the Middle East escalate, raising concerns about the potential negative impact on global oil supplies.
U.S. crude oil futures saw a significant increase of over <strong>$3</strong> after Kuwait announced an attack on one of its oil tankers. This incident occurs during a sensitive time for global oil markets.
Reports indicate that crude oil theft in the United States has become increasingly complex and frequent, with annual losses exceeding $1 billion. Local officials confirm that perpetrators have grown bolder, raising concerns among regulatory bodies.
Mexican cleaning teams and the navy are intensifying their efforts along the Gulf Coast following an oil spill that contaminated the beaches of Veracruz and Tabasco. As of March 26, authorities reported the removal of 128 tons of polluted waste, while the source of the contamination remains under investigation.
Crude oil prices experienced a significant increase of <strong>5-6%</strong> on Tuesday evening, according to trading data from global exchanges. This rise comes at a critical time for the global economy as investors seek to understand the factors influencing prices.