mark

Weak U.S. Gasoline Demand Compounds Pressure on Oil Ahead of OPEC+ Meet

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicks off this weekend. U.S. gasoline demand fell about 2% week-over-week to 9.15 million barrels a …

Weak U.S. Gasoline Demand Compounds Pressure on Oil Ahead of OPEC+ Meet Read More »

U.S. Oil Producers Maintain Modest Growth as OPEC+ Eyes Extended Cuts

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, Pinned Primary, Shale, US News / By

(Reuters) – U.S. oil drillers are sticking to pledges to temper spending on boosting output, keeping the world’s top crude producer on course for slower growth in 2024 in what may ease pressure on OPEC+ to make further supply cuts this weekend. The U.S. has driven growth in global oil supply from non-OPEC producers over …

U.S. Oil Producers Maintain Modest Growth as OPEC+ Eyes Extended Cuts Read More »

US Refiners Boosting Fuel Output Past 90% of Capacity for Summer Driving Season

Energy Topics & Technology, Gasoline, Latest, Refineries, US News / By

U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned overhauls, said analysts contacted by Reuters. Strong spring production levels have retail gasoline prices on par with a year ago, according to motorist group AAA. The nationwide average price for a gallon …

US Refiners Boosting Fuel Output Past 90% of Capacity for Summer Driving Season Read More »

U.S. Crude Output Rises in March, While Product Supplied Falls

Conventional Energy, Latest, Oil, US News / By

U.S. crude oil production rose in March to its highest this year, while product supplied fell, data from the Energy Information Administration showed on Friday. Crude output rose by 0.6% to 13.2 million barrels per day (bpd) in March, the highest since December. Crude volumes from Texas, the top producing state, edged 0.7% higher to …

U.S. Crude Output Rises in March, While Product Supplied Falls Read More »

U.S. Drillers Cut Most Oil and Gas Rigs in a Month Since August – Baker Hughes

Drilling Rigs, Energy Topics & Technology, Latest, US News / By

U.S. energy firms this month cut the most oil and natural gas operating since August, even as the rig count remained unchanged this week, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held steady at 600 in the …

U.S. Drillers Cut Most Oil and Gas Rigs in a Month Since August – Baker Hughes Read More »

Subscribe
Subscribe