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Oil Steady Despite Large Crude Draw

Oil prices failed to rally after the API reported a larger than expected draw in crude inventories

United statesJulianne geigerDepartment of energy doStrategic petroleum reserveAmerican petroleum institute

Venezuela s American Refinery Profit Falls In Q2

Venezuela’s Citgo Petroleum Corp saw its net profit fall to $380 million in the second quarter of this year, the company reported on Thursday

United statesNicolas maduroJulianne geigerCitgo petroleumVenezuela citgo petroleum corpCitgo petroleum corpOil prices

Oil Ticks Higher On Fuel Inventory Draws

Crude oil prices moved higher today after the U.S. Energy Information Administration reported an estimated inventory build of 5.9 million barrels for the week to August 4

United statesUs energy information administrationAmerican petroleum instituteInformation administrationWest texas intermediateIrina slavOil pricesOil marketsOil supply

Oil Prices Hold Onto Gains Despite Surprise Crude Build

Crude oil inventories in the United States unexpectedly rose unexpectedly this week, but failed to drive oil prices down

United statesJulianne geigerAmerican petroleum instituteStrategic petroleum reserveDepartment of energy do

Aramco Raises Arab Light Prices In Big Bet On Asian Refining Boom

Saudi Aramco increases the official selling price (OSP) of its Arab Light crude to Asia and Europe, reflecting optimism about Asian refining margins and demand.

Saudi arabiaUnited arab emiratesUnited statesJulianne geigerSaudi aramcoRenaissance energy advisorsArab lightSaudi arabiaArab lightOil prices

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