Tag: U.S. crude stockpiles

News and Policies, World

Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump

November 16, 2018

Via: CNBC energy

Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off. The move could put the kingdom at loggerheads with President Donald Trump, who wants […]

Commercialization, Conventional Fuels

Oil is breaking down as US crude stocks rise, geopolitical risk fades

March 28, 2018

Via: CNBC energy

The oil market’s rally toward 2018 highs broke down on Wednesday as U.S. crude stockpiles jumped, geopolitical tensions faded into the background and a firmer dollar put pressure on the commodity. Futures extended early losses after the U.S. Energy Information […]