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  1. www.eia.gov › todayinenergy › detailCrude oil prices increased in 2021 as global crude oil demand ...

    Jan 4, 2022 · Increasing demand and lower supply of crude oil resulted in consistent global petroleum and liquid fuels inventory withdrawals from February through December and contributed to increasing crude oil prices.

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      Crude oil prices increased in 2021 as global crude oil...

  2. www.iea.org › reports › oil-market-report-december-2021Oil Market Report - December 2021 – Analysis - IEA

    Dec 14, 2021 · For 2021 as a whole, refinery runs are forecast to rise by 3.1 mb/d on average, recovering just 42% of 2020’s decline. Another 3.7 mb/d increase in throughputs is expected in 2022. OECD total industry stocks fell by 21.2 mb in October, as a build in crude oil inventories was more than offset by sharply lower product stocks.

  3. www.theglobeandmail.com › investing › marketsCrude Rallies as the Dollar Weakens and EIA Inventories Plunge

    13 hours ago · Wednesday's weekly EIA report was mainly bullish for crude prices. EIA crude inventories sank -12.16 million bbl, more than expectations of -1.0 million bbl. Also, EIA gasoline supplies fell -2.21 ...

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  5. crsreports.congress.gov › product › pdfOil Markets and Prices in 2021: Demand, Supply, and Policy ...

    Jan 13, 2021 · Petroleum inventories held in commercial storage increased quickly as product prices declined, refining profitability decreased, and crude oil demand collapsed. Oil prices fell rapidly and West Texas Intermediate (WTI) futures settled negative for the first time.

  6. www3.eia.gov › energyexplained › oil-and-petroleumOil prices and outlook - U.S. Energy Information ...

    Aug 16, 2023 · Crude oil prices are driven by global supply and demand. Economic growth is one of the biggest factors affecting petroleum product—and therefore crude oil—demand. Growing economies mean a higher demand for energy, in general, especially for transporting goods from producers to consumers.

  7. www.cnn.com › 2021/11/16 › businessGas price relief on the horizon as global oil supply ... - CNN

    Nov 16, 2021 · A rise in global crude oil supply could put the brakes on surging gasoline prices that have hit record levels in parts of the United States and Europe.

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  9. www.reuters.com › business › copOil falls to near 4-week low after big build in U.S. inventories

    Nov 3, 2021 · Oil prices fell to a near four-week low on Wednesday, after U.S. crude stocks rose more than expected, as gasoline inventories in the world's largest oil consumer hit a four-year low.