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oil producer

Oil hits 6-week high as Storm Nicholas hits US Gulf
Markets

Oil hits 6-week high as Storm Nicholas hits US Gulf

  • US energy firms brace for another storm amid slow recovery from Ida
  • Over 40% of US Gulf's oil, gas output still shut following Ida
  • IEA sees oil demand rebounding by 1.6 million bpd in October
  • China to auction 7.38 mln bbl of crude from strategic reserves
Published 14 Sep, 2021 05:56pm
Oil steady as China moves to tap oil stocks
Markets

Oil steady as China moves to tap oil stocks

  • China set to tap state oil reserves for the first time
  • Prices supported by lower US output after Hurricane Ida
  • API data shows crude drawdown less than poll expectations
  • EIA cuts 2021 demand outlook, keeps 2022 forecast steady
Published 09 Sep, 2021 08:43pm