Crude stocks were up by 4.3 million barrels in the week ended May 9, market sources said, citing American Petroleum Institute ...

Crude oil futures slipped to around $63 per barrel, trimming nearly 3% gains from the previous day after API data revealed a 4.29 million barrel jump in US crude inventories, ...

At the same time, OPEC has revised downward its forecast for oil supply growth from non-OPEC+ countries in 2025 and 2026 by 0.1 mln bpd, lowering it to 0.8 mln bpd. In absolute terms, supply from ...