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 week that pushed prices temporarily higher last week. In gasoline, the authority reported an inventory rise of 300,000 barrels for […]
Large Crude Inventory Build Rocks Oil Prices Read More »
By Robert Rapier – May 03, 2024, 4:00 PM CDT DOE cites rising oil prices as the reason for canceling the solicitations for oil deliveries to the Bayou Choctaw SPR site. Biden administration’s decision comes amidst concerns over market conditions and global production cuts impacting oil prices. The cancellation raises questions about the U.S. energy
High Oil Prices Force Biden Admin to Halt SPR Refill Plans Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – May 03, 2024, 1:17 AM CDT Crude oil prices inched up earlier today but remained on course for yet another weekly loss after the U.S. Federal Reserve signaled once again
Oil Prices Set for Another Weekly Loss Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – May 02, 2024, 1:29 AM CDT The former chief executive of Pioneer Natural Resources, Scott Sheffield, is facing allegations of collusion by the Federal Trade Commission, for an
Former Pioneer CEO Faces Antitrust Probe Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 01, 2024, 7:00 PM CDT Weekly data by EIA reveals crude stockpiles of 7.3 million barrels for the week to April 26, a sharp swing from a draw of 6.4 million
The Next Two Months Will Be Critical For Oil Fundamentals Read More »
Wednesday 01 May 2024 5:38 am FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays Moving markets today: Asian equities mixed following Wall Street’s worst month since September; oil prices drop, gold stays subdued, Starbucks, AMD, and Supermicro shares decline; focus shifts to US Fed
Oil prices are set to post a gain this week as a combination of inventory declines, a slowdown in U.S. manufacturing, and escalating tensions in the Middle East boost bullish sentiment. Friday, April 26th 2024 Even if headed towards the first weekly gain since early April, oil prices have so far failed to break out above
Oil Prices Climb as Bullish Catalysts Build Read More »
UN and UN Relief and Works Agency workers carry aid boxes to distribute to displaced Palestinians in a location called Jabalia, in the northern Gaza Strip. (Photo: Reuters) Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts. The recent tit-for-tat conflict between Israel and Iran could pose
Calculating the cost of war Read More »
Australians are paying more than ever at the fuel bowser as a weak Australian dollar collides with rising crude prices, new data shows. The average price of 91 octane unleaded has soared to 217.92 cents per litre in Melbourne, Sydney, Brisbane, Adelaide, and Perth, according to Compare the Market data, breaking the $2.17 record set
Petrol prices have hit new highs. Here’s when they’ll start coming down Read More »
A potential decrease in airfares awaits travellers in Nigeria which has left some of them in happy mood. This is as a result of a drop in the price of Jet A1, the fuel utilized by airlines. On Tuesday, Dangote Petroleum Refinery announced a further reduction in diesel and aviation fuel prices, setting the new
Jubilations: Travellers To Pay Less As Dangote Crashes Price Of Jet A1 Read More »
