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Summary • API shows US crude stocks fall 3.2 million barrels, sources say • China to ramp up fiscal support for consumption next year • World Bank raises China’s GDP forecast for 2024, 2025 • Coming up: EIA supply report on Friday (Reuters) – Oil edged higher on Thursday in thin holiday trade driven by …
Oil Edges Up on China Stimulus Hopes, US Inventory Drop Read More »
(Reuters) – Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 36 cents, or 0.5%, at $72.9 a barrel, and U.S. West Texas Intermediate crude futures rose 34 cents, also …
Summary • Renewed hope on rate cuts after a benign inflation reading • Market surplus to drag down oil prices in 2025 (Reuters) – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 17 cents, …
Oil Prices Stable on Monday as Data Offsets Surplus Concerns Read More »
Summary • Benchmark prices ease 2.5% for the week • Dollar on track for third consecutive week of gains • Fed policymakers prepare ground for rate-cut pause in 2025 • Sinopec says China’s crude imports may peak next year • Trump warns EU on tariffs if bloc doesn’t buy more US oil, gas (Reuters) – …
Oil Steady as Markets Weigh Fed Rate Cut Expectations, Chinese Demand Read More »
Summary Benchmark contracts head for weekly loss of nearly 3% Sinopec sees China’s crude imports possibly peaking in 2025 Trump wants EU to buy more US oil, gas or face tariffs LONDON, Dec 20 (Reuters) – Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting …
Oil Falls 1% on Demand Growth Concerns, Robust Dollar Read More »
A highly anticipated study of liquefied natural gas exports by the Biden administration is expected to stop short of saying the approval of more shipments isn’t in the public interest, according to people familiar with the matter. The study, under way since January, is set to be released as soon as Tuesday, according to the people, …
Biden’s LNG Study to Stop Short of Halting New Exports Read More »
Some Canadian premiers are urging Ottawa to respond robustly to the threat of tariffs from incoming U.S. President Donald Trump and have highlighted critical minerals and metals as products that the U.S. relies on, Canada’s Finance Minister said on Wednesday. Canadian Prime Minister Justin Trudeau and other government ministers met with provincial premiers to discuss …
Summary IEA raises oil demand growth forecast for 2025 EU sanctions target ‘shadow fleet’ carrying Russian oil US gasoline, distillate stocks up more than expected last week (Reuters) – Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a U.S. …
Oil Little Changed as IEA Surplus Forecast Offsets Rate Cut Optimism Read More »
(Reuters) – Oil prices climbed 1% on Wednesday as market participants anticipated a rise in demand from top importer China following Beijing’s latest plans to boost economic growth. Brent crude futures gained 75 cents, or 1.04%%, to $72.94 a barrel by 1011 GMT, while U.S. West Texas Intermediate crude futures rose 75 cents, or 1.09%, …
Oil Prices Rise as China’s Policy Easing Fuels Demand Hopes Read More »
(Reuters) – U.S. power producers have raised total generation to new highs in 2024, fuelled mainly by record natural gas-fired output alongside a sharp jump in generation from renewable sources. Natural gas plants remain the key pillar of U.S. generation, accounting for a record 42% of total power production from January through November, according to …
Gassier But Cleaner US Power System Hits New Output Record in 2024 Read More »
