Daily Standup Top Stories Ex-Biden Lackey Tells CNBC: To Fix Inflation, Ditch Fossil Fuels And Boost Green Spending July 17, 2024 Andy Del Prado A former Biden official promoted spending billions more dollars on green energy […]
Crude oil prices went higher today, after the U.S. Energy Information Administration reported an inventory draw of 4.9 million barrels for the week to July 12. This was on top of the draw of 3.4 million barrels for the previous […]
Daily Standup Top Stories French nuclear giant scraps SMR plans due to soaring costs, will start over July 3, 2024 Mariel Alumit The French nuclear giant EdF, the government owned company that manages the country’s vast […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 12.2 million barrels for the week to June 28. The inventory change compared with an inventory build of 3.6 million barrels estimated […]
Hurricane Beryl strengthened overnight to a powerful Category 5 storm as it churned in the Caribbean Sea. The Cat. 5 storm is the earliest on record in the Atlantic hurricane season and has caused concern […]
A record of almost 71 million Americans are expected to travel over the Independence Day holiday period early next month, providing hope for oil bulls counting on rising demand during the crucial summer driving season. […]
Daily Standup Top Stories Joe Biden Plans to Use Oil Reserves to Artificially Lower Gas Prices Before the November Election June 18, 2024 Mariel Alumit Joe Biden plans to deplete the U.S. oil reserves to artificially […]
Oil prices have bounced back after the last OPEC+ announcement sent them crashing, and the U.S. Federal Reserve could send them higher still with optimistic messaging. – Oil markets were eagerly anticipating the start of […]
Oil posted the largest weekly gain since April after OPEC+ clarified its plan to return some output to the market and fuel markets showed signs of strength. West Texas Intermediate settled above $78 a barrel, […]
StanChart has forecast 1.68 mb/d growth in 2024 and 1.41 mb/d in 2025. StanChart has reiterated its previous assessment that not only can the markets absorb the extra barrels by OPEC+ producers but that a […]
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