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(Reuters) – Oil prices firmed slightly on Monday as traders weighed support from expected summer demand and geopolitical tensions against a stronger dollar. Brent crude futures were up 22 cents, or 0.3%, at $85.46 a barrel by 1053 GMT. U.S. West Texas Intermediate crude futures were up 19 cents, or 0.2%, at $80.92. Both benchmarks …
Oil Edges Higher as Demand Expectations Offset Dollar Strength Read More »
Summary Middle East conflict remains in focus EIA inventory data due at 1500 GMT BoE interest rate decision at 1100 GMT (Reuters) – Brent oil futures were steady on Thursday, hovering slightly below seven-week highs as the market awaited U.S. inventory data. August Brent crude rose by 18 cents, or 0.21%, to $85.25 a barrel …
Summary U.S. crude stocks rise, gasoline inventories fall Conflict in Europe, Middle East support oil prices (Reuters) – Oil prices were little changed on Wednesday, staying close to their highest levels in seven weeks as the market weighed concerns over escalating conflicts against demand worries following an unexpected rise in U.S. crude inventories. Brent crude …
Oil Steady Amid U.S. Stock Build But Jitters Abound Read More »
Summary China’s factory output disappoints U.S. consumer sentiment fell to seven-month low in June Oil’s gain last week not fully convincing, PVM analyst says Reuters – Oil was steady on Monday after Chinese economic data underscoring a bumpy recovery for the world’s biggest crude importer offset hopes for a boost to demand from the summer …
Oil Steady as Downbeat Chinese Data Offset Demand Hopes Read More »
(Reuters) – OPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116 million barrels a day by 2045, and may be higher, the secretary general said on Thursday. The International Energy Agency said in a report on Wednesday it sees oil demand peaking by 2029, levelling off …
OPEC Sees No Peak Oil Demand Long Term, Secretary General Says Read More »
EQT Corp. CEO Toby Rice announced that the Pittsburgh-headquartered company is now reinstating the 1 billion cubic feet per day (Bcf/d) that was previously curtailed since late February, Natural Gas Intelligence said in a report on Wednesday. EQT Corp., the leading producer of natural gas in North America, reduced production earlier this year due to …
EQT Restarts Curtailed Gas Production, Natural Gas Intelligence News Says Read More »
(Reuters) – OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year. The Organization of the Petroleum Exporting Countries, in a monthly report, said world …
OPEC Sticks to 2024 Oil Demand Growth Forecast, but Trims Q1 View Read More »
By Paul Carsten LONDON, June 11 (Reuters) – Oil prices were largely steady on Tuesday, as investors waited for U.S. and China inflation data and the outcome of the Federal Reserve’s policy meeting to see how changing prices could hit demand. Brent crude futures fell 14 cents, or 0.2%, to $81.49 per barrel by 1121 GMT, …
Oil Steady as Investors Hold for Fed Meet, Inflation Data Read More »
Summary US jobs data dampens hope for near-term interest rate cuts Goldman Sachs forecasts Brent rise to $86 in third quarter Other analysts expect inventory draws to support prices (Reuters) – Oil prices edged up on Monday, buoyed by hopes of rising fuel demand this summer, though gains were capped by a strengthening of the …
Oil Nudges Higher on Hopes of Summer Fuel Demand Read More »
Summary US jobs data dampens hope for near-term rate cut ECB rate cut had spurred hopes for similar Fed action OPEC+ may adjust output, Saudi energy minister indicates US oil rig count hits the lowest since January 2022 (Reuters) – Oil prices edged down on Friday and posted a third straight weekly loss as investors …
Oil Dips to End the Week on Deflated U.S. Interest Rate Cut Expectations, OPEC+ Decision Read More »
