Citi: oil prices could be set to rebound after sell off. The recent oil price decline is primarily driven by two key factors: easing geopolitical risks, particularly in Gaza with a potential ceasefire on the […]
Daily Standup Top Stories EU Slashes Proposed Tariffs on Tesla’s China-Made EVs August 21, 2024 Mariel Alumit The European Commission has announced the final results of its anti-subsidy investigation into Chinese electric vehicles, with Tesla receiving […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a decline in inventories for the week to August 16. Those shed 4.6 million barrels over the period, compared with a build of 1.4 million barrels […]
Weak Chinese demand indicators continued to drag oil prices down on Monday, with the U.S. benchmark poised to lose nearly 3% and Brent crude not far behind. At 2:46 p.m. ET on Monday, West Texas Intermediate (WTI) […]
Oil prices rose after a two-day slump, fueled by worries about potential conflict in the Middle East following the killing of a Hamas leader. This price increase came despite a surprise inventory build reported by […]
U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of 2Q 2024. Refiners’ gross inputs of crude and unfinished […]
Oil prices initially rose on a smaller-than-expected US producer price increase and the API’s report of declining crude oil inventories. Optimism faded after the EIA reported an inventory build, causing prices to fall. Geopolitical tensions […]
Daily Standup Top Stories Elon Musk and Donald Trump X Interview Transcript “The interview that broke the internet” Stu Turley You can say what you want about Donald Trump and Elon, but they are above […]
Oil prices are under pressure from continued demand concerns but geopolitical risks and the recent rally from last week’s crash means Brent is still sitting comfortably above the psychologically-important $80 mark. – Ukraine’s incursion into […]
Oil prices climbed after the EIA reported a surprise crude oil inventory draw, reversing an earlier decline caused by concerns about a recession. Gasoline and distillate inventories saw builds, following earlier estimates of larger increases. […]
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