Author name: David Ryabchikov

U.S. Crude Inventories Grow But Gasoline, Distillates Fall

U.S. Crude Inventories Grow But Gasoline, Distillates Fall

Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Apr 16, 2024, 3:52 PM CDT Crude oil inventories in the United States rose this week by 4.09 million barrels for the week ending April 12, according

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Hostmore set to acquire TGI Fridays’ US business

Hostmore set to acquire TGI Fridays’ US business

The parties have agreed that the transaction, which brings together TGI Fridays’ largest franchisee with the global franchisor, will result in existing Hostmore shareholders holding a 36% shareholding in the enlarged business upon completion. TGI Fridays shareholders will hold a 64% shareholding in the combined group, which will be renamed TGI Fridays plc. Under the

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Analysts fear Israel-Iran conflict will push up oil prices above $90 per barrel

Analysts fear Israel-Iran conflict will push up oil prices above $90 per barrel

Oil and gas analysts were on Sunday unanimous in their projection that the global price of crude oil will rise further on Monday, above the $90 benchmark following Iran’s attack on Israel over the weekend. The analysts from Saxo Bank and UBS projected that Oil prices would spike if Israel retaliates against the attack from

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USD/CAD trades with modest losses, hold above mid-1.3700s amid softer Oil prices

USD/CAD trades with modest losses, hold above mid-1.3700s amid softer Oil prices

USD/CAD retreats from the YTD peak, albeit the downside remains cushioned. Reduced Fed rate cut bets continue to act as a tailwind for the USD and the pair. Softer Crude Oil prices could undermine the Loonie and help limit the downside. The USD/CAD pair comes under some selling pressure on the first day of a

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Watch CNBC’s Sunday livestream on the Iran-Israel conflict, jumping oil prices and market selloff

Watch CNBC’s Sunday livestream on the Iran-Israel conflict, jumping oil prices and market selloff

[The stream is slated to start at 6:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] CNBC’s Sunday evening special livestream will prepare investors for the big week ahead amid a stock market selloff, an escalating Iran-Israel conflict and spiking oil prices. Subscribe to CNBC on

Watch CNBC’s Sunday livestream on the Iran-Israel conflict, jumping oil prices and market selloff Read More »