Crude oil prices recovered lost territory today after the U.S. Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3. This compared with a build of 7.3 million barrels estimated […]
OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push for production cut compliance comes […]
Daily Standup Top Stories TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S. May 1, 2024 Mariel Alumit (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its […]
Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26. This compared with a substantial draw of 6.4 million barrels for the previous […]
Oil fell as signs of progress toward a cease-fire between Israel and Hamas reduced crude’s geopolitical risk premium. West Texas Intermediate fell 1.5% to settle below $83 a barrel after the New York Times reported […]
In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher. – […]
Oil fluctuated as traders weighed a larger-than-anticipated drop in US crude stockpiles against broader risk-off sentiment. West Texas Intermediate settled below $83 a barrel after swinging in a narrow range on Wednesday. US oil inventories […]
Daily Standup Top Stories China’s state planner warns intensified EV price war on oversupply April 22, 2024 Mariel Alumit SHANGHAI, April 22 (Reuters) – China’s state planner expects an intensified price war among automakers of electric […]
Oil inched lower on limited fresh signs of escalating conflict in the Middle East, but prices hovered above monthly lows as technical support limited losses. West Texas Intermediate’s most active June contract settled near $83 […]
HOUSTON, April 22 (Reuters) – U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider conflict in the Middle East. U.S. West Texas Intermediate crude was up 1 […]
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