Today: September 18, 2024
Today: September 18, 2024

Latest From Shariq Khan

Business|Finance|News

Investors turned more bearish on oil last week than ever

Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak

Investors turned more bearish on oil last week than ever
Business|Economy

Oil eases on resuming US output after storm, rising rig count

Oil prices fell on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in U.S. rig count.

Oil eases on resuming US output after storm, rising rig count
Americas|Economy|Election|Finance|News

US gasoline prices set to fall under $3/gallon as election nears

U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in over three years as soon as next month, shortly before they go to vote in

US gasoline prices set to fall under $3/gallon as election nears
Business|Finance

US oil, gas M&A nears 2023 record, focus shifts away from Permian, Rystad says

U.S. oil and gas producers' appetite for dealmaking is closing in on last year's record, with rising interest in smaller oilfields offsetting slower activity in the top oil-

US oil, gas M&A nears 2023 record, focus shifts away from Permian, Rystad says
Business|Economy|Finance|Stock Markets

US gasoline slumps to near 3-year low on end of driving season, oil slump

U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a

US gasoline slumps to near 3-year low on end of driving season, oil slump
Business|Finance

China's Sinochem plans to exit US shale JV with Exxon, sources say

Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards

China's Sinochem plans to exit US shale JV with Exxon, sources say
Business|News|Technology|Travel

Global IT outage in July exacerbated California fuel storage issues, says storage broker

Last month's CrowdStrike IT outage that grounded scores of flights created new problems for California's fuel market, forcing U.S. traders to store jet fuel

Global IT outage in July exacerbated California fuel storage issues, says storage broker
Business|Economy|Finance

Oil settles up over 1% on worries over supplies from Libya, Iraq

Oil prices settled up by more than a dollar a barrel on Thursday as supply disruptions in Libya and plans to lower output in Iraq raised fears of tighter global

Oil settles up over 1% on worries over supplies from Libya, Iraq
Business|Economy|Finance

Oil climbs over 2% after Fed's Powell indicates US rate cuts

U.S. light crude oil gained more than 2% a barrel on Friday after comments by U.S.

Oil climbs over 2% after Fed's Powell indicates US rate cuts
Business|Economy|Finance|Stock Markets

Oil falls 2% to end volatile week, focus on China demand concerns

Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude below $80 a barrel, as investors tempered expectations of demand growth from

Business|Finance

Large revisions to US energy data leave traders and analysts befuddled

A string of dramatic revisions to official U.S. oil consumption data have unnerved market participants who rely on the figures to trade.

Large revisions to US energy data leave traders and analysts befuddled
Business|Economy|Finance|Stock Markets

Oil falls, Brent settles at 7-month low after disappointing US job numbers

Oil prices fell on Friday, with

Oil falls, Brent settles at 7-month low after disappointing US job numbers
Economy|News

Oil slips over $1 as supply intact despite Middle East conflict fears

Oil prices settled more than $1 lower on Thursday as global supply seemed largely unaffected by worries of a wider Middle East crisis after the killing of a

Oil slips over $1 as supply intact despite Middle East conflict fears
Economy|Finance

Oil settles at one-month low on Gaza ceasefire hopes

Oil prices settled over $2 lower on Friday at their lowest level since mid-June as investors eyed a possible ceasefire in Gaza, while a strengthened dollar

Oil settles at one-month low on Gaza ceasefire hopes
Economy|News

Oil prices gain 2% on big US storage withdrawal, weaker US dollar

Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower

Oil prices gain 2% on big US storage withdrawal, weaker US dollar
News|Travel

Americans look past fuel cost, bad weather to set July Fourth travel record

High fuel costs and the threat of a hurricane are not expected to dampen Americans' desire to hit the road this summer, with vacationers preparing for record travel

Americans look past fuel cost, bad weather to set July Fourth travel record
Business|Economy|Environment

Repsol explores sale of minority stake in South Texas oil assets, sources say

Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion,

Economy

Oil eases on weak US fuel demand, profit taking

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 the

Oil eases on weak US fuel demand, profit taking
Business

Oil pulls back from multi-month highs as strong dollar dents demand

Oil prices edged lower in early Asian trading on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after

Oil pulls back from multi-month highs as strong dollar dents demand
Business

US pump prices set to jump as refinery outages nip supply, analysts say

U.S. motorists are likely to see gasoline prices turn sharply higher in the coming weeks as major refinery outages have cut supplies ahead of a seasonal jump in demand,

US pump prices set to jump as refinery outages nip supply, analysts say
Business

Well-stocked US fuel markets shrug off January's arctic blast

A bitter January cold snap that knocked out 15% of Gulf Coast refining capacity had little effect on fuel prices, with two months of rising stockpiles helping U.S.

Well-stocked US fuel markets shrug off January's arctic blast
Business

U.S. drivers hope for lower pump prices in 2024 as gasoline stocks climb

American drivers can expect lower motor fuel costs for a second-straight year in 2024 as a jump in global refining capacity and a surplus in U.S. gasoline stocks drive down

U.S. drivers hope for lower pump prices in 2024 as gasoline stocks climb
Business

US gasoline pump prices at 11-month low in time for holiday shopping

U.S. gasoline prices are the lowest they have been since January and by Christmas could fall below $3 a gallon for the first time since 2021, analysts said, which should

US gasoline pump prices at 11-month low in time for holiday shopping
Business

Oil rises nearly 3% after Fed, BoE keep rates unchanged

Oil prices gained more than $2 a barrel on Thursday, breaking a three-day declining streak as risk appetite returned to financial markets a day after the U.S.

Oil rises nearly 3% after Fed, BoE keep rates unchanged
Business|Economy

Oil falls for fourth straight session on US inflation jitters

Oil prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer U.S. interest rates raised worries

Oil falls for fourth straight session on US inflation jitters

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