Recovering Middle East crude flows are weighing on the region's benchmarks. Oman's premium over Dubai slumped to $4.22 a barrel this week, the lowest since late July, as spot cargoes become more available. #OilPrices#CrudeOil#Hormuz#Oman
EIA says US crude inventories fell 8.6 million barrels in the week ending Oct 9, leaving stocks at 415.6 million barrels, 3% above the five-year average. Distillates dropped 2.5 million and now sit 12% below normal. #OilPrice#EIA#CrudeOil#WTI
Guyana's crude exports are set to top 1 million bpd for the first time this December, with a preliminary loading schedule of 33 million barrels (~1.06M bpd)—just seven years after first oil began. #Oil#Guyana#CrudeOil#Energy#Exports
U.S. crude stocks fell 3.2 million barrels in the week to Oct. 2 to 424.1 million, EIA data show, now 1% above the five-year average. Distillate stocks held steady but sit 12% below average, keeping diesel tight. #OilPrice#EIA#CrudeOil#Diesel
