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Summary US gasoline demand fell in April -EIA US personal consumption inflation in line with forecasts US oil rig count hits lowest since December 2021 (Reuters) – Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted …
Oil Eases on Weak U.S. Fuel Demand, Profit Taking Read More »
Summary Brent August contract expires Friday U.S. personal consumption inflation data due at 1230 GMT (Reuters) – Oil prices rose on Friday and were on course for a third straight weekly jump buoyed by growing expectations that the U.S. Federal Reserve will soon start cutting interest rates and U.S. inflation data due later in the …
Oil Up Ahead of U.S. Inflation Data, Set for Third Weekly Gain Read More »
(Reuters) – Brent crude fell on Tuesday while investors awaited U.S. inflation data later this week, but prices held above the $85 level after the previous session’s gains on escalating geopolitical tensions and hopes of improved demand this summer. Brent futures for August settlement were down 43 cents at $85.58 a barrel by 1100 GMT. …
Oil Prices Edge Down With U.S. Inflation Data in Focus Read More »
(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 »
