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U.S. pump prices poised to hit $4 a gallon this summer, AAA says
U.S. Pump prices are expected to rise to the highest since the summer of 2022, AAA says. Pump prices have been climbing along with crude oil futures in recent weeks. The current national average price at the pump is $3.53/gal. Inventories have shrunk to the lowest since December.
Seeking Alpha · 1d ago
Weekly Report: what happened at DRIP last week (0318-0322)?
Weekly Report · 2d ago
U.S. has asked Ukraine to stop drone strikes on Russian oil refineries - FT
U.S. Has asked Ukraine to stop drone strikes on Russian oil refineries. The attacks have helped lift crude oil prices nearly 4% since March 12. Russia's average daily oil refining rate fell to the lowest weekly level in 10 months. The Biden administration has urged Ukraine to halt the attacks on Russia's energy infrastructure.
Seeking Alpha · 5d ago
Total U.S. drilling rig count slips; gas rigs lowest since January 2022
Total active drilling rigs in the U.S. Fell by 5 to 624, reversing last week's increase. Drilling rigs targeting crude oil dropped by 1 to 509; gas rigs lowest since January 2022. Baker Hughes says total count is still 18% below this time last year.
Seeking Alpha · 5d ago
Crude oil ticks lower as U.S. gasoline demand indicator drops
U.S. Gasoline inventories fell for a seventh week. Crude oil prices finished with back-to-back losses after settling at highest level since late October. Swiss National Bank surprise rate cut also weighed on markets. Oil may have been pressured by a U.S.- drafted UN resolution calling for a ceasefire in Gaza.
Seeking Alpha · 6d ago
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares declares quarterly distribution of $0.1769
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares declares quarterly distribution of $0.1769. Payable Mar 26; for shareholders of record Mar 20; ex-div Mar 19. The fund is a Direxion daily S.&P oil & gas exp. & gas bear 2X shares fund.
Seeking Alpha · 6d ago
Crude prices to push well past $70-$90 when Fed cuts rates, Carlyle's Currie says
U.S. Crude oil futures finish lower after back-to-back sessions of gains. The Federal Reserve's decision to keep interest rates unchanged weighed on the market. Crude oil futures finished off five-month highs. Carlyle Group's Jeff Currie says he sees crude oil prices rising well past $70/bbl.
Seeking Alpha · 03/20 23:05
Crude oil hits new five-month highs but Citi sees possible drop to $55 by late 2025
Crude oil futures climb to multi-month highs for the second straight day. Ukraine's attacks on Russian refineries could impact global supplies. OPEC's supply curbs have helped bolster prices. Citi sees possible drop to $55 by late 2025. The energy sector was the best performing S&P sector on Tuesday.
Seeking Alpha · 03/19 22:50
Crude oil climbs near five-month high; top oil execs rip calls for fast energy transition
U.S. Crude oil futures settle at their highest since late October. Ukrainian drone attacks on Russian refineries are believed to have idled a significant chunk of Russia's refining capacity. Chinese industrial production for January-February exceeded expectations. Oil industry execs oppose calls for a fast transition to fossil fuels.
Seeking Alpha · 03/18 23:25
Weekly Report: what happened at DRIP last week (0311-0315)?
Weekly Report · 03/18 11:02
U.S. pump prices seen surging as refinery outages cut supply ahead of summer
U.S. Crude oil closed with slight losses Friday, but posted a 4% gain for the week. Crude prices rose to four-month highs as inventories for crude and gasoline fell by more than expected. Rising demand from U.S.-based refiners boosted gasoline prices this week.
Seeking Alpha · 03/15 22:50
Total U.S. drilling rig count jumps, recouping last week's drop
Total active drilling rigs in the U.S. Rose by 7 to 629, recouping last week's drop. Drilling rigs targeting crude oil in the Permian Basin rose by 6 to 510. Rigs in the Eagle Ford added 2 to 52.
Seeking Alpha · 03/15 18:00
Crude oil hits more than four-month high as IEA forecasts market deficit
Crude oil futures settle at four-month highs as IEA raises its forecast for oil demand growth this year. The International Energy Agency also forecasts a slight supply deficit through 2024. The IEA raised its 2024 demand growth estimate for crude oil by 110K bbl/day to 1.3M bbl.
Seeking Alpha · 03/14 22:50
Oil prices jump as U.S. crude and gasoline stockpiles drop more than forecast
Oil prices jump as U.S. Crude and gasoline stockpiles drop more than forecast. Brent crude oil climbs to four-month highs after surprise draw in domestic crude stockpiles and larger than expected drop in gasoline inventories. Oil prices also supported after Ukraine drone attacks on multiple regions in Russia.
Seeking Alpha · 03/13 22:50
U.S. EIA boosts 2024 domestic crude production growth forecast
U.S. EIA boosts 2024 domestic crude production growth forecast for 2024. The EIA also reports a greater than expected increase in U.s. Consumer prices in February. Crude oil prices close lower for the fourth straight day. The U.S.'s government reported a 0.4% increase in consumer price index for February, the largest since September.
Seeking Alpha · 03/12 23:15
U.S. produced more crude oil than any country ever in 2023, EIA says
U.S. Produced more crude oil than any country ever in 2023, EIA says. Russia and Saudi Arabia led global output for the sixth straight year. Crude oil prices ended little changed Monday. The oil market is juggling bullish and bearish factors. The U.s. Produced 12.9M bbl/day of crude oil last year, a new global record.
Seeking Alpha · 03/11 22:45
Weekly Report: what happened at DRIP last week (0304-0308)?
Weekly Report · 03/11 10:59
Chevron faces credibility crisis as Exxon plays hardball for Hess' Guyana assets
Oil and gas stock sector ended the week down 1%. Exxon Mobil filed for arbitration to preserve rights to massive oil discovery offshore Guyana. Front-month crude prices fell 1.2% on Friday and 2.4% for the week. Chevron's $53B offer to buy Hess signaled the deal could be delayed.
Seeking Alpha · 03/09 01:00
U.S. drilling rigs drop after back-to-back weekly gains in Baker Hughes report
Energy U.S. Drilling rigs drop after back-to-back weekly gains in Baker Hughes report. Total active drilling rigs in the U. S. Fell by 7 to 622, the first decline in three weeks. Drilling rigs targeting crude oil in the u.s. Were down by 2 to 504.
Seeking Alpha · 03/08 19:05
U.S. crude oil slips as IEA sees adequate global supplies
U.S. Crude oil futures slip as IEA sees adequate global supplies. The International Energy Agency says demand growth slowing and supply increasing from the Americas. The IEA expects supply to rise to a record high 103.8M bbl/day. U.S natural gas futures fall after EIA reports fifth straight below-average draw.
Seeking Alpha · 03/07 23:30
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