Crude oil prices moved lower today, after the U.S. Energy Information Administration reported an estimated inventory increase of 3.7 million barrels for the week to June 7. The change compared with a weekly build of 1.2 million barrels for […]
HOUSTON, June 12 (Reuters) – Oil settled higher on Wednesday as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December capped gains, […]
Daily Standup Top Stories What’s Going on with Electric Vehicles? May 21, 2024 Mariel Alumit 2024 has not been kind to the electric vehicle, particularly in the United States. Sales are down, Tesla laid off staff, […]
HOUSTON May 21 (Reuters) – Oil prices settled 1% lower on Tuesday as lingering U.S. inflation poised to keep interest rates higher for longer and likely weighed on consumer demand at the pump, while little […]
NEW YORK, May 20 (Reuters) – Oil prices eased about 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs that inflation was declining before the central bank starts cutting interest […]
NEW YORK, May 7 (Reuters) – Oil prices closed slightly lower on Tuesday on signs of easing supply concerns, while market participants shifted their focus to U.S. stockpiles data due later today and Wednesday. Brent […]
Daily Standup Top Stories California Considers Suing Exxon Over Plastic Pollution April 23, 2024 Mariel Alumit California is close to completing a two-year investigation into Exxon on allegations of plastic pollution. After that, the state will […]
NEW YORK, April 23 (Reuters) – Oil prices rose a dollar a barrel on Tuesday as the U.S. dollar index fell to its lowest level in more than a week and as investors shifted their […]
Abu Dhabi has stepped up its security around oil and shipping in the UAE following Israel’s retaliatory strike on Iran, according to industry sources. One source with knowledge of the matter told S&P Global Commodity […]
Iran launched a barrage of drones at Israel, officials said April 13, in a significant escalation of tensions in the oil and gas rich Middle East, after earlier impounding an Israeli-linked cargo vessel near the […]
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