Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Apr 11, 2024, 7:00 PM CDT High decline rates for shale wells usually set in soon after commissioning. The U.S. oil rig count is currently 20% below its post-pandemic peak after flatlining […]
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls Read More »
By Robert Rapier – Apr 11, 2024, 5:00 PM CDT Department of Energy cancels solicitations for Bayou Choctaw SPR site deliveries, citing oil price increases. Despite promises to refill the SPR, Biden Administration halts purchases as market dynamics shift. Predictions of limited SPR replenishment align with historical trends of presidential actions in election years to
Biden Administration’s SPR Plans Derailed by Oil Price Surge Read More »
Premium Illustration: Binay Sinha Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices. An increase in companies’ core
Crude realisation: Oil’s slick grip threatens corporate margins, profits Read More »
The group, whose estate currently comprises 58 bars and 22 pubs under the Revolution, Revolución de Cuba and Peach Pubs brands, says that without the additional funding and the cost savings delivered through the restructuring plan it would face liquidity pressures from the first quarter of next year. It follows the closure of eight sites
Revolution Bars plots further closures as it sets out restructuring plan Read More »
The recalled baby nests violate the safety requirements of CPSC’s Safety Standard for Infant Sleep Products , posing a suffocation risk and fall and entrapment hazards to infants. The failures include not having a stand and not meeting the requirements for side height, sleeping pad thickness, and fabric-sided openings. The product’s sides are shorter than
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] DETROIT (AP) — Ford is recalling nearly 43,000 small SUVs because gasoline can leak from the fuel injectors onto hot engine surfaces, increasing the risk of fires. But the recall remedy does not include repairing the fuel leaks. The recall covers certain Bronco Sport SUVs from the
Crude oil imports averaged 6.4 million bpd, declining by 183,000 bpd from the previous week. Crude oil imports were slighly lower than the four-week average of 6.5 million bpd. Strategic Petroleum Reserve increased from 363.8 million to 364.2 million as U.S. continued to buy oil for strategic reserves. Domestic oil production remained unchanged at 13.1
Crude Inventories Increased By 5.8 Million Barrels, Exceeding Analyst Expectations Read More »
As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week. – German industrial production finally broke through the cycle of gloom after it posted a 2.1% increase in February, well above the consensus expectation of a 0.5% rise month-over-month. – Although Germany’s manufacturing
Brent Could Climb to $95 as Bullish Sentiment Builds Read More »
The recent rise in oil prices has raised the prospect of $100 per barrel but Nigeria, the largest producer of the commodity in Africa, may not reap a windfall, according to BusinessDay findings. Brent crude, the global benchmark against which Nigeria’s crude oil is priced, rose to $91 per barrel on Tuesday, taking its gains
Nigeria risks missing out as $100 oil beckons Read More »
Oil drilling rigs Oil prices rose today, April 9, as Middle East ceasefire hopes waned and Mexico announced a plan to cut oil exports to global markets. Brent crude futures rose 0.31%, or $0.28, to $90.66 a barrel, at 1002 GMT. Similarly, futures prices for US West Texas Intermediate (WTI) crude gained 0.28%, or $0.24,
Oil turns higher as Mexico plans to slash exports Read More »
