Us News Oil Jumps As Hurricane Hits U S Output While Crude Stocks Decline Cnbc

Oil jumps on supply cuts in U.S. Gulf, wariness about North Sea, OPEC

Oil settled above $43 a barrel on Thursday on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway. Read More

Oil plunges over 5% to 4-month low as pandemic surges, U.S. crude output soars

Oil prices fell more than 5% on Wednesday, sending Brent to a four-month low as surging coronavirus infections in the United States and Europe prompted renewed lockdowns and fed expectations for new ... Read More

EIA hikes US oil output forecast, says oversupply will slash prices

U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, even as the agency warned that a glut of oil will ... Read More

Oil steadies as investors weigh OPEC+ output hike against US crude inventories

(Reuters) -Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect of ... Read More

Hurricane Delta shuts most U.S. offshore oil output in 15 years

Large and powerful Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico energy production in 15 years, halting most of the region's oil and nearly two-thirds of natural gas output. Read More

U.S. offshore energy producers brace for Hurricane Zeta impact

Energy firms and ports along the U.S. Gulf Coast were bracing on Tuesday for another test as Hurricane Zeta, the 11th hurricane of the season, entered the Gulf of Mexico. Read More

-Offshore oil wells, ports shut as Hurricane Sally advances on U.S. Gulf

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil ... Read More

-Hurricane cuts a quarter of U.S. Gulf of Mexico energy output, dampens fuel demand

More than a quarter of U.S. Gulf of Mexico offshore oil and gas production remained shut by Hurricane Sally, which was moving inland on Wednesday and dumping heavy rains and cutting fuel demand in the ... Read More

-Oil rises over 2% as U.S. Gulf Coast braces for hurricane

Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected ... Read More