A graphic illustration of barrels of crude oil Oil prices climbed on Monday after OPEC+ decided to suspend production hikes in the first quarter of next year. Brent crude futures rose 24 cents, or 0.37%, to $65.01 a barrel by 05:24 AM WAT after closing 7 cents higher on Friday. U.S. West Texas Intermediate crude […]
Oil Extends Gains As OPEC+ Halts Output Hikes Beyond December Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Aug 30, 2024, 12:30 PM CDT The U.S. Environmental Protection Agency (EPA) has renewed for a second time an emergency waiver for the summer spec gasoline requirements in four Midwest states following the supply emergency after the shutdown of ExxonMobil’s Joliet
EPA Extends Emergency Waiver for Midwest Gasoline Supply Read More »
MOSCOW- The Russian government has extended its ban on gasoline exports until Dec. 31, the Cabinet of Ministers said in a Telegram statement Wednesday. According to the statement, the decision was made to maintain a stable situation in the fuel market during the ongoing seasonal demand and scheduled repairs carried out at oil refineries. From
Russia extends ban on gasoline exports till year end Read More »
USD/CAD loses ground due to higher WTI price amid escalating supply fears. Israel Defense Forces (IDF) intercepted around 30 “projectiles” that crossed from Lebanon early Monday. CME FedWatch Tool suggests a 46.5% chance of a 50-basis point Fed-rate cut in September, against 74.0% a week ago. USD/CAD continues to lose ground for the seventh consecutive
USD/CAD extends losses to near 1.3750 as Oil prices rise due to supply concerns Read More »
