Auto Added by WPeMatico
(Reuters) – US crude and gasoline stocks fell last week, while distillate inventories rose, the US Energy Information Administration said on Wednesday. Crude inventories fell by 3.06 million barrels to 412.5 million barrels in the week ended October 16, the EIA said, compared with analysts’ expectations in a Reuters poll for a 820,000-barrel draw. Crude …
US Crude and Gasoline Stocks Fall, Distillates Rise, EIA Says Read More »
(Reuters) – The United States has issued a request for proposal for an exchange of up to 17 million barrels of crude oil from the nation’s Strategic Petroleum Reserve, the Department of Energy said on Friday. The exchange would be part of a global deal the US struck in Marchto try to control fuel prices …
US Solicits Exchange of Up to 17 Million Barrels of Oil From Strategic Reserve Read More »
(Reuters) – US crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 8.6 million barrels to 415.6 million barrels in the week ended October 9, the EIA said, compared with analysts’ expectations in a Reuters poll for a 288,000-barrel draw. “This …
(Reuters) – U.S. crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.2 million barrels to 424.1 million barrels in the week ended October 2, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.7 million-barrel rise. …
US Crude Stocks and Distillate Inventories Fall, Gasoline Inventories Rise, EIA Says Read More »
(Reuters) – The amount of oil in storage that is accessible to the global market is running low, industry executives said at a forum in London this week, making the market more fragile and putting upward pressure on prices. Governments and energy companies have drawn oil from stockpiles to alleviate pressure in a global oil …
The World Has Nearly Burned Through its Oil Stockpile Buffer, Executives Say Read More »
(Reuters) – The US Government said on Tuesday it is offering to loan energy companies up to 40 million barrels of oil from the Strategic Petroleum Reserve, the last US batch of crude from a global deal to unleash reserves in the wake of the war on Iran. Washington agreed in March to loan 172 …
By Balazs Koranyi Natural gas prices are up 150% in a year Even more than oil shocks, natural gas costs can mean sustained inflation ECB policymakers grow more focused on gas than oil Airlines, chemicals and autos could be hardest hit FRANKFURT, Sept 17 (Reuters) – Europe’s delay in restocking natural gas storage reserves, combined …
Europe’s Low Gas Stocks Pile on the Economic and Political Pressure Read More »
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 285 million barrels last week, the lowest level since November 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. Reporting by Anjana Anil in Bengaluru …
Oil Stocks in US Strategic Petroleum Reserve Fall to Lowest Level Since 1982 Read More »
(Reuters) – Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the war began in late February, countries have released some crude stockpiles to the market, and the …
Chevron CEO Says Depleted Crude Oil Buffers Could Lead to Higher Prices Read More »
(Reuters) – Saudi Arabia’s crude supply fell 2.3 million barrels per day on the month to 6 million bpd in August, the lowest level in more than three decades, the International Energy Agency said on Friday, citing attacks on Saudi energy facilities. The drop follows the targeting by groups linked to Yemen’s Houthis of ships …
Saudi Oil Supply Hits More Than Three-Decade Low After Houthi Attacks, IEA Says Read More »
