David Gaffen

Oil prices rise, as Saudis dismiss supply concerns as demand grows

Oct 14 2021

NEW YORK (Reuters) -Oil prices rose 1% on Thursday after top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply and the International Energy Agency said surging natural gas prices could boost demand for oil among power generators.

Oil retreats from multi-year highs after U.S. stock build

Oct 06 2021

NEW YORK (Reuters) -Oil prices dropped nearly 2% on Wednesday, pulling back from multi-year highs, as an unexpected rise in U.S. crude inventories prompted buyers to take a breather after recent torrid gains.

Oil prices slip as U.S. inventories rise, despite OPEC's slow road to adding supply

Sep 29 2021

NEW YORK (Reuters) -Oil prices slipped on Wednesday after U.S. crude inventories rose by more than anticipated, even as OPEC plans to maintain its deliberate approach to adding supply to the market.

U.S. crude, fuel stocks fall in hurricane-affected week -EIA

Sep 09 2021

(Reuters) -U.S. crude and fuel stocks all slumped last week, as Hurricane Ida shut most of the country's offshore production and numerous refineries, the Energy Information Administration said on Thursday.

Oil rises on economic recovery hopes, weaker dollar

Sep 02 2021

NEW YORK (Reuters) -Oil prices rose more than $1 a barrel on Thursday, rebounding on optimism about global economic growth despite the coronavirus pandemic, and after U.S. crude inventories fell more than anticipated.

Oil skids for fifth day on COVID surge, worries about more supply

Aug 18 2021

NEW YORK Crude prices fell for a fifth day on Wednesday, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide just as more supply reaches the market from large global producers, including the United States.

U.S. crude stockpiles fall to January 2020 lows -EIA

Aug 18 2021

(Reuters) -U.S. crude oil stockpiles dropped last week to their lowest levels since January 2020, the Energy Information Administration said on Wednesday.

U.S. crude stockpiles drop, fuel inventories rise: EIA

Apr 07 2021

U.S. crude oil stockpiles fell more than expected last week, while gasoline inventories jumped sharply as refining rates to the highest in over a year, the Energy Information Administration said on Wednesday.

U.S. crude, fuel stockpiles rise as refiners boost output: EIA

Mar 17 2021

U.S. crude oil, gasoline and distillate stockpiles all rose last week, as refiners boosted output with more facilities coming back online following February's devastating storms in Texas.

World News