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Homedemand

demand

Crude Oil News

US crude inventories fall, fuel builds as demand weakens, EIA says

August 7, 2024 Mariel Alumit

DENVER, Aug 7 (Reuters) – U.S. crude oil stockpiles fell more than expected last week, while gasoline and distillate inventories rose as refining activity picked up and demand dropped, the Energy Information Administration (EIA) said […]

Oil
Crude Oil News

Oil settles 2% higher on falling US crude stockpiles, rebounds from multi-month lows

August 7, 2024 Mariel Alumit

NEW YORK, Aug 7 (Reuters) – Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil […]

Oil
Crude Oil News

Oil falls as global equities selloff offsets rising Middle East tensions

August 5, 2024 Mariel Alumit

HOUSTON, Aug 5 (Reuters) – Oil fell in volatile trade on Monday as a selloff continued on global stock markets, but the slide was limited by fears Iran’s retaliation for the assassination of a Hamas […]

Oil
Crude Oil News

Oil rebounds after Hamas leader killed in Iran, but China caps gains

July 31, 2024 Mariel Alumit

NEW YORK, July 31 (Reuters) – Oil prices rose nearly 3% on Wednesday, rebounding from seven-week lows after the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and a […]

Crude Oil Inventories
Crude Oil News

U.S. Crude Oil Inventories Continue to Fall

July 25, 2024 Mariel Alumit

Crude oil inventories in the United States fell again this week, this time by 3.9 million barrels for the week ending July 19, according to The American Petroleum Institute (API). The reality was a far […]

Oil
Crude Oil News

Oil drops as investors look past Biden exit, focus on weak fundamentals

July 22, 2024 Mariel Alumit

NEW YORK, July 22 (Reuters) – Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden’s decision to end his […]

Oil
Crude Oil News

Oil settles higher on hopeful demand outlook as US oil stocks sink

July 10, 2024 Mariel Alumit

HOUSTON, July 10 (Reuters) – Oil prices settled higher on Wednesday after a jump in U.S. refining activity last week drove a larger-than-expected decline in gasoline and crude inventories, but gains were capped due to […]

Oil
Crude Oil News

Oil down on worries Hurricane Beryl could hit US demand

July 8, 2024 Mariel Alumit

July 8 (Reuters) – Oil prices eased about 1% to a one-week low on Monday as Hurricane Beryl shut U.S. refineries and ports along the Gulf of Mexico, and on hopes a possible ceasefire deal […]

Climate Crisis

Court blocks Biden’s LNG Ban

July 3, 2024 Andy Del Prado

Daily Standup Top Stories Court blocks Biden admin’s ban on new LNG exports – Is this because of the Chevron Deferenence Supreme Court Decision? July 1, 2024 Stu Turley A federal judge issued a ruling Monday […]

Oil prices
Crude Oil News

Oil prices rise 2% on summer demand hopes, supply worries

July 1, 2024 Mariel Alumit

July 1 (Reuters) – Oil prices climbed about 2% on Monday on hopes of rising demand during the Northern Hemisphere’s peak summer driving season and worries that OPEC+ production cuts could result in supply deficits […]

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