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The U.S. has sufficient supply of oil in the Strategic Petroleum Reserve to address any supply concerns and is monitoring markets on how to use it, Amos Hochstein, President Joe Biden’s energy adviser, said on Monday. The SPR is still near 40-year lows after Biden directed the largest ever sale of 180 million barrels from …
Summary Israeli forces take control of vital Rafah crossing US crude and product inventories expected to have fallen Saudi Arabia raises official selling prices in June LONDON, May 7 (Reuters) – Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in …
Oil Steadies as Weak Physical Markets Balance Middle East Tensions Read More »
Summary Prospects for Israel-Hamas truce narrow Saudi Arabia hikes June crude oil prices for most regions China’s April business sentiment rises, data shows (Reuters) – Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas …
Oil Climbs as Gaza Tensions Rise, Saudi Arabia Hikes Prices Read More »
Summary OPEC+ could extend supply cuts beyond June, sources say US job growth weaker than expected in April US drillers cut oil and gas rigs for second week in a row NEW YORK, May 3 (Reuters) – Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed …
Oil Settles Down on U.S. Jobs Data, Steepest Weekly Loss in 3 Months Read More »
Summary Shell announces further $3.5 bln in buybacks Oil trading boosted by Red Sea diversions and Russia disruption LNG earnings beat expectations LONDON, May 2 (Reuters) – Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said …
Shell Smashes Forecasts with $7.7 Billion Quarterly Profit Read More »
(Reuters) – Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude futures for July gained 58 cents, or 0.7%, to $84.02 a barrel by 1130 GMT. U.S. West Texas Intermediate (WTI) crude for June was up 47 cents, or 0.6%, at $79.47. Prices …
Oil Prices Rebound After Closing at Seven-Week Low Read More »
Ford, GM, other carmakers in midst of tapping into Tesla plugs Decision said to slow growth of network; some may be rehired Bloomberg Tesla Inc. eliminated almost its entire Supercharger organization, which has built a vast network of public charging stations that virtually every major automaker is in the process of tapping into in the US. …
Tesla Axes Most of Supercharger Team in Blow to Other Automakers Read More »
(Reuters) – Oil steadied on Tuesday after the previous day’s drop as Israel-Hamas talks offered hopes of a ceasefire even as Red Sea attacks continued, while investors awaited signals on U.S. interest rates ahead of a key meeting on Wednesday. Brent crude futures rose 27 cents, or 0.3%, to $88.67 a barrel at 0830 GMT, …
Oil Steady as Investors Eye Mideast Talks, Rates Meeting Read More »
Dave Duttlinger stands next to land he leased to Dunns Bridge Solar LLC, Wheatfield, Indiana. April 5, 2024. REUTERS/Jim Vondruska (Reuters) – Dave Duttlinger’s first thought when he saw a dense band of yellowish-brown dust smearing the sky above his Indiana farm was: I warned them this would happen. About 445 acres of his fields …
As Solar Capacity Grows, Some of America’s Most Productive Farmland is at Risk Read More »
(Reuters) – Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling. Brent crude futures settled up 49 cents, or 0.55%, to $89.50 a barrel. U.S. West Texas …
Oil Settles Higher on Supply Concerns in the Mideast, Economic Woes Subdue Gains Read More »
