Crude inventory decreased by 1.4M barrels for week ended May 3 - EIA

Crude inventory decreased by 1.4M barrels for week ended May 3 - EIA. Commercial crude stocks for the week ended may 3: 459.5M barrels. Crude inventory change: -1.4m barrels. Gasoline and distillates inventories increased by 0.9M barrels each.

Commodity Roundup: Gold prices dip, oil falls more than 1% on U.S. crude build

Biden administration set to resume purchases for Strategic Petroleum Reserve

Russian deputy prime minister says OPEC+ could raise production if warranted by market conditions. OPEC+ expected to decide on production levels at meeting on June 1. Front-month crude oil futures settle slightly lower Tuesday. Biden administration seeking bids to refill Strategic Petroleum Reserve. U.S. Energy Information Administration raises its forecast for world oil production.

Commodity Roundup: Gold eases as steady dollar dampens appeal, oil prices mixed

Oil edges higher on renewed Middle East tensions, Saudi price hikes

Oil edges higher on renewed Middle East tensions, Saudi price hikes. Saudi Aramco raises its official selling prices for June. Crude oil recouped a sliver of last week's losses. Gains were also supported by prospects for a ceasefire in Gaza. Chinese service sector and investor sentiment in the Eurozone are positive for energy demand.

U.S. February Oil Production Rebounds

U.S. February oil production rebounded by 578kb/d to 13,154b/d. The largest increases came from Texas and North Dakota. World oil production for January 2024 dropped by 1,402 bcm to 762 bcm. The EIA's February production data shows a rebound from the severe January winter storm.

Weekly Report: what happened at USL last week (0429-0503)?

Commodity Roundup: Oil gains as Gaza ceasefire talks end, precious metals rise

Commodities Energy Commodity Roundup: Oil gains as Gaza ceasefire talks end, precious metals rise. Oil prices rose on Monday after Saudi Arabia increased its June crude prices for key regions. Both oil futures posted their steepest weekly loss in three months last week. In the precious metals market, gold prices also ticked up.

What The Opening Of Trans Mountain Could Mean For Canada's Energy Sector

Is oil stuck in a $70 to $90 trading range? What the opening of the Trans Mountain pipeline means for Canadian oil. What to expect from the demand side of oil this summer. Andriy Yastreb, VP, Portfolio Research at TD Asset Management, speaks about the implications for Canada's energy sector.

What’s next for the big oil players? SA analysts discuss

SA analysts weigh in on the outlook for ExxonMobil, Chevron and Phillips 66. Three major players in the oil and energy industry released earnings late last month. The price of oil has slumped recently but remains more than 9% higher for the year. What’s next for the big oil players? SA analysts discuss.

Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance

Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance. Oil prices posted their steepest weekly loss in three months. U.S. Energy Information Administration reported a 7.3M-barrel build in crude stocks. But natural gas posted its first weekly gain in four weeks.

U.S. oil rig count drops for sixth time in seven weeks

U.S. Oil rig count drops for sixth time in seven weeks. Total active rigs drilling for oil and gas in the U.s. Fell by 8 to 605. Drilling rigs targeting crude oil in the US fell by 6 to 499, Baker Hughes says.

What Is Behind The Calm Oil Market?

Crude and product inventories are right around their seasonally adjusted averages for the past five years. A rise in U.S. Crude production and weak demand in China are helping oil inventories maintain average levels. Slow growth in China often hits oil prices with a lag of about 12 months. Despite ongoing geopolitical conflict, oil prices and volatility are relatively low.

Where Could Oil Go From Here? ETFs in Focus

Commodity Roundup: Gold down, cocoa set for 30% weekly drop amid low liquidity

Commodities Energy Commodity Roundup: Gold down, cocoa set for 30% weekly drop amid low liquidity. Gold prices on track for second-consecutive weekly loss. European natural gas prices rallied despite comfortable storage and a bearish outlook. Cocoa prices extend slide to a fourth-straight session, on track to be down 30% for the week.

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

Commodity Roundup: Gold drops 1%; oil risk premium continues to fade - analyst

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.

Crude inventory increased by 7.3M barrels for week ended April 26 - EIA

Crude inventory increased by 7.3M barrels for week ended April 26 - EIA. Commercial crude stocks for the week ending April 26: 460.9M barrels. Crude inventory change: +7.3m barrels. Gasoline and distillates inventories increased by 0.7m barrels for the same week.