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(Reuters) – Oil prices stabilized on Thursday after rallying the previous day on stronger than expected U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase. Traders are now awaiting the outcome of the U.S. presidential election on Nov. 5 and whether ceasefires can be brokered in the Middle East. …
Oil Prices Stable After Boost From U.S. Fuel Demand Read More »
Summary Brent, WTI inch up 0.5% Markets eye potential Israel-Hezbollah peace deal U.S. crude inventories unexpectedly fall – API To come: US EIA weekly data at 1430 GMT (Reuters) – Oil prices held steady near one-month lows on Wednesday, after sliding in the previous two sessions, as markets weighed a potential ceasefire between Israel and …
Oil Hovers Near One-Month Lows With Supply Drivers Back in Focus Read More »
Oil prices tumbled more than $3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at …
Oil Slips More Than 4% After Iran Downplays Israeli Strikes Read More »
Summary Blinken arrives in Israel in US push for peace Worries over slowing Chinese demand growth weigh on prices Firm dollar adds to the pressure (Reuters) – Oil prices steadied near $74 a barrel on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing …
Oil Prices Steady on Mideast Ceasefire Push, China Demand Weighs Read More »
Summary Refiners may need to mix lighter WTI Midland with heavier crude Alternatively, refiners could convert units, requiring large investments Dated Brent benchmark may weaken up to 50 cents per barrel (Reuters) – Companies drilling for the crude that turned the U.S. into the world’s top oil producer face an unexpected dilemma: their West Texas …
As U.S. Permian Crude Turns Lighter, It Risks Losing Favor with Refiners Read More »
(Reuters) – Oil prices rose on Monday, recouping some of last week’s more than 7% decline on worries about demand in China, the world’s top oil importer, and easing concerns about potential supply disruptions in the Middle East. Brent crude futures were up $1.16, or 1.6%, to $74.22 a barrel at 1036 GMT. U.S. West …
Oil Prices Regain Some Ground After 7% Loss Last Week Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, 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, fell by one to 585 in the week …
U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes Read More »
A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried …
Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output Read More »
As nuclear power companies gear up to revive old reactors and build a generation of new ones to meet burgeoning power demands for artificial intelligence, cryptocurrency and electric vehicles, they still face a daunting risk-management task: what to do with thousands of tons of spent reactor fuel. The U.S. nuclear-power renaissance is plunging ahead without …
Nuclear Renaissance Must Still Solve for Spent Fuel Read More »
(Reuters) – Oil prices were broadly flat on Thursday as investors waited on developments in the Middle East, the release of official U.S. oil inventory data and details on China’s stimulus plans. Brent crude futures were up 25 cents to $74.47 a barrel at 0834 GMT, while U.S. West Texas Intermediate crude futures were at …
Oil Prices Flat as Investors Await U.S. Inventory Data Read More »
