The global oil market in 2024 was characterized ... and economic trends. Brent crude, the international benchmark, averaged $84.67 per barrel in 2024, while West Texas Intermediate (WTI) hovered ...

Crude oil stocks, excluding the SPR, stood at 411.7 million barrels on January 17, according to the EIA. U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve ...

U.S. crude oil and fuel stocks rose last week, market sources said, citing American Petroleum Institute figures on Wednesday. Crude stocks rose by 958,000 barrels in the week ended Jan.

According to StanChart, the new restrictions roughly triple the number of directly sanctioned Russian crude oil tankers, enough to affect around 900,000 barrels per day (bpd). Whereas it’s ...

Brent crude oil futures remained above $80 a barrel on Tuesday after the US President, Donald Trump, announced his decision to increase crude oil production in the US on Monday. At 9.58 am on ...

In 2024, those tankers carried around 1.5 million barrels of crude oil per day and just 200,000 barrels per day of refined products, according to analysis from Morgan Stanley. The sanctions also ...