Tag Archives: The American Petroleum Institute

Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.

OPEC is likely to push back their decision of whether or not to extend the output cut agreement to June from April.

The main factor keeping oil prices from rising even further is soaring U.S. oil production.

Market participants would be looking out for last week'.s US inventory data to provide further price direction.

For most of the past year. China and the US have been locked in a trade dispute disrupting the flow of goods.

On Tuesday. the American Petroleum Institute (API) reported an estimated inventory increase of 3.453 million barrels.

Saudi Arabia admitted late last week that the journalist was killed in what it described as a ``brawl`` in the Saudi consulate in Istanbul.

Brent crude prices stabilized on Wednesday after heavy losses the day before. with looming U.S. sanctions against Iran back in focus.