Weak diesel market adds to concerns about global oil demand

Weak diesel market adds to concerns about global oil demand growth. U.S. Crude oil futures end little changed Thursday. A surprisingly large build in domestic stockpiles raises concerns about demand. A dip in global diesel demand also feeding concerns about slowing oil demand. Natural gas futures settle at their highest since early February.

Oil Update - April 2024

Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks

Oil prices tumble to seven-week lows on surprise build in U.S. Crude stocks. Crude oil futures fall to their lowest in seven weeks after EIA reports surprise and sharp weekly build in crude oil stocks. The EIA reported commercial crude oil stockpiles rose by 7.3M barrels during the week ended April 26.

Oil posts back-to-back losses on Israel-Hamas ceasefire talks, higher U.S. output

Commodities Energy Oil posts back-to-back losses on Israel-Hamas ceasefire talks, higher U.S. Output. Crude oil futures fell on Tuesday for a second straight session. Hopes for a ceasefire between Israel and Hamas ease fears of a wider conflict. U.s. Government data pointed to rising domestic production. Investors also were wary of this week's Federal Reserve meeting.

Oil tumbles on Middle East ceasefire talks, Trans Mountain pipeline expansion

U.S. Crude oil futures fall to lowest level in a month. Speculation builds that Israel and Hamas may have made progress toward a ceasefire in Gaza. Front-month Nymex crude for June ended at lowest level since March 27. Canada's Trans Mountain pipeline expansion project is expected to increase oil supply. U.S.'s natural gas climbs above $2.

Weekly Report: what happened at USOI last week (0422-0426)?

OPEC Update - April 26, 2024

OPEC expects robust growth in World Demand for Liquid fuel in 2024 and 2025. The OPEC estimates for World Demand in 2023, 2024, and 2025 are significantly different from the EIA estimates. My estimates for future tight oil growth are about 100kb/d lower than OPEC estimates. OPEC Monthly Oil Market Report for April 2024 was published recently.

Oil rises for the week but Citi sees bearish view of crude market fundamentals

Crude oil prices rise for the week but Citi sees bearish view of crude market fundamentals. U.S. Natural gas fell for the third straight week. The energy sector finished the week up 0.1%. A large draw of crude inventories was supportive of crude oil prices.

U.S. drilling rigs resume downturn in latest Baker Hughes data

Energy U.S. Drilling rigs resume downturn in latest Baker Hughes data. Total active rigs drilling for oil and gas in the US fell by 6 to 613 this week. The count's fifth decline in the past six weeks. Drilling rigs targeting crude oil in the U.s. Fell by 5 this week to 506.

Oil prices turn positive as traders continue to weigh demand prospects

Both U.S. And Brent crude oil futures finish at highest levels in more than a week. Oil prices bounced off early losses to finish higher Thursday. U.s. Natural gas extended Wednesday's sharp drop as EIA report showed larger than expected build in gas storage.

Top oil ETF slammed with record outflow as geopolitical fears fade

Top oil ETF slammed with record outflow as geopolitical fears fade. U.S. Crude oil futures close lower as gasoline demand for gasoline outweighs the first drop in commercial crude supplies in five weeks. The biggest oil fund posted its largest daily outflow on record Wednesday. Crude prices lost some of the geopolitical premium.

Analyst Currie sees chances for $100-plus oil 'extraordinarily high'

Commodities Energy Analyst Currie sees chances for $100-plus oil 'extraordinarily high' Crude oil futures finish higher Tuesday. Euro zone business activity expanding at fastest pace in nearly a year. Focus shifts away from Middle East tensions to economic indicators and supply and demand balances.

My 9.5% Income Portfolio - Reinvesting Dividends

Guido Persichino has chosen not to automatically reinvest dividends from his stocks. The magic of compound interest is the mechanism of earning interest on both the principal amount and the accumulated interests. Automatic reinvestment of dividends can passively trigger this mechanism for any security in his income portfolio. The Magic Square is a symbol of medieval mysticism.

Weekly Report: what happened at USOI last week (0415-0419)?

Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease

Commodities Energy Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease. Crude oil prices fell more than 2% on Monday as Middle East tensions eased. Brent futures fell 0.58% to $86.58 a barrel. Gold prices retreated as well, registering a third consecutive weekly loss.

Iran oil sanctions part of U.S. aid package for Ukraine, but little disruption seen

Energy Iran oil sanctions part of U.S. Aid package for Ukraine, but little disruption seen. Chinese independent refiners account for 80% of Iran's 1.5M bbl/day in oil exports. Iran is exporting more oil than at any time in six years.

Short-Term Energy Outlook, April 2024

EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025. Working natural gas in storage is forecast to be significantly above the 5-year average in 2024 and 2025. The EIA expects Inflation to reach the 2% target in late 2024.

Oil rally fades as fears ease over Israel-Iran hostilities; week ends lower

Crude oil futures posted a second straight weekly loss. Israel and Iran exchanged tit-for-tat strikes in the Middle East. The energy sector ended the week -1.2%. China's Q1 gross domestic product increased 5.3% Y/Y, sending bullish signal to oil markets.

Brad Simpson On Rising Iran-Israel Tensions And The Implications For Markets

Oil prices turn lower as Israel's attack on Iran appears limited