News
DRIP
9.89
+3.13%
0.30
New presidential contender Harris seen as tougher oil industry foe than Biden
Oil futures fall to fresh five-week lows. China's central bank unexpectedly cuts key interest rate. Oil market shows little reaction to Vice President Biden's withdrawal from presidential race. New presidential contender Harris seen as tougher oil industry foe than Biden on climate and energy issues. Front-month Nymex crude closes -0.4% down, the sixth loss in seven days.
Seeking Alpha · 20h ago
Weekly Report: what happened at DRIP last week (0715-0719)?
Weekly Report · 1d ago
Israel strikes Yemeni port in response to Houthi drone attack on Tel Aviv
Seeking Alpha · 1d ago
Trump's vow to 'drill baby drill' bodes well for oil? It's more complicated, analysts say
Crude oil futures posted a second straight weekly loss. Concerns about Chinese demand are weighing on the market. Investors may be looking at a potential ceasefire in Gaza. The Trump trade on oil is not clear, analysts say. U.S. Natural gas futures ended a volatile week -8.6%.
Seeking Alpha · 3d ago
U.S. drilling rigs tick higher in Baker Hughes survey
Energy U.S. Drilling rigs tick higher in Baker Hughes survey. Total active rigs drilling for oil and gas in the US rose by 2 to 586. The total rig count is 12% below this time last year. Rigs in the Permian Basin remained flat.
Seeking Alpha · 4d ago
WTI futures backwardation grows to eight-month high in sign of tight supply
Seeking Alpha · 4d ago
What a Trump presidency could mean for commodities? JPM says gold stands out as winner
Seeking Alpha · 5d ago
Crude oil rises as U.S. inventories fell for third straight week
Crude oil rises as U.S. Inventories fell for third straight week in a larger than expected drawdown. Front-month Nymex crude futures finished up 2.6% in their largest one-day percentage gain since June 10. Gasoline and diesel inventories also fell for the third consecutive week. Energy shares of energy companies rose as traders rotated back into sectors.
Seeking Alpha · 5d ago
Oil prices extend decline on Chinese demand worries
Oil prices extend decline on Chinese demand worries. China's economy expanded at a 4.7% annual pace in Q2. Freeport LNG says it is working toward a "phased restart" of its liquefaction operations. Front-month crude oil futures fall for a third straight session.
Seeking Alpha · 6d ago
Trump would bring positives for oil industry but tariff proposals a concern, API head says
U.S. Crude oil futures settle slightly lower Monday following weaker than expected Q2 economic data in China. China's GDP expanded by 4.7% in the April-June quarter, slower than expected. Goldman Sachs lower its forecast for China's 2024 growth to 4.9%. The oil industry is concerned about a second Trump administration's tariff proposals, API head says. Natural gas futures settle lower on concerns about impact of Hurricane Beryl.
Seeking Alpha · 07/15 22:50
Weekly Report: what happened at DRIP last week (0708-0712)?
Weekly Report · 07/15 10:52
Delay in energy transition could be 'costly and disorderly,' BP says in annual outlook
U.S. Oil futures wrap up first weekly loss after four straight weeks of gains. Prices supported by soft inflation report and forecasts for higher energy demand. BP raised its 2024 Energy Outlook forecasts for oil and gas demand. The energy sector ended the week with a 0.4% gain.
Seeking Alpha · 07/13 02:20
U.S. drilling rig count little changed in Baker Hughes survey
Seeking Alpha · 07/12 18:10
Crude oil edges higher as U.S. inflation reading bolsters rate cut hopes
Crude oil edges higher as U.S. Inflation reading bolsters rate cut hopes. Consumer price index declined 0.1% in June, falling for the first time since May 2020. Analysts say tamer than expected reading raises chances of a September interest rate cut by the Fed.
Seeking Alpha · 07/11 22:55
Crude oil snaps losing streak as July 4 holiday helped demand for gasoline, jet fuel
U.S. Crude oil snaps losing streak as July 4 holiday helped demand for gasoline, jet fuel. Inventories at Cushing storage hub fell to lowest level since May. The Fourth of July holiday helped increase demand for jet fuel and gasoline. Chinese inflation data emphasized concerns about crude demand.
Seeking Alpha · 07/10 22:50
Goldman sees active hurricane season posing upside risk to refining margins
Goldman sees active hurricane season posing upside risk to refining margins rather than to crude prices. Hurricane Beryl appeared to cause little lasting damage to energy facilities on the Texas coast. Front-month crude oil futures fell for a third straight session. The EIA raised its 2024 and 2025 price estimates for Brent and WTI.
Seeking Alpha · 07/10 00:05
Oil demand seen softening in 2025, BMI analysts say
Hurricane Beryl weakens to a tropical storm in Texas. Beryl is expected to have little impact on refining activity. But heavy rains and flooding in Houston and elsewhere could dent fuel demand. Front-month crude oil futures fall after Beryl's impact. Oil demand is also expected to soften next year due to a supply surplus.
Seeking Alpha · 07/08 23:20
Crude oil slides as Gaza ceasefire talks trump Hurricane Beryl threat
Crude oil slides as Gaza ceasefire talks trump Hurricane Beryl threat. Beryl made landfall on the Texas coast early Monday as a Category 1 hurricane. Talks over a ceasefire and hostage deal in Gaza appear to outweigh potential effects of the storm on U.S. Production and operations.
Seeking Alpha · 07/08 11:30
Weekly Report: what happened at DRIP last week (0701-0705)?
Weekly Report · 07/08 10:53
Crude oil scores fourth straight weekly gain as U.S. data indicates solid demand
Seeking Alpha · 07/05 23:45
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