Oil price news

The approximately two-month survey is expected to commence in 3Q21 covering an estimated 2700 km2.

Oil prices stated the day with optimism after several days of trimming February gains, as markets hope for positive news from this month’s coming OPEC+ meeting.

Oil prices started the week boosted by the US stimulus bill that the US House of Representatives passed but a risk of bearish developments could trim gains going forward.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, and its Head of Shale Research, Artem Abramov, have commented on today's oil prices and on US oil production respectively.

Oil prices have jumped as the extreme cold weather the US is experiencing is impacting oil production, but refinery outages are limiting the price ascent.

Oil prices have jumped again as cold weather causes US supply growth slowdown, in addition to an overall bullish market sentiment.

Oil prices rose on Friday, supported by Saudi Aramco’s selling prices and an overall market confidence that storage draws and tight OPEC+ supply inspire. But a correction may soon be due.

Oil prices declined on Friday as a cocktail of bearish news hit the market. A rise in China’s Covid-19 infections, reported storage builds in the US and news that Iran has boosted exports are pushing prices lower.

Oil prices have fallen today over concerns about reported rising US oil storage levels and China adding travel restrictions.

Oil prices have risen on enthusiasm about a new policy era in the US and on anticipation for a decline in crude inventories.