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Crude oil climbed back above $91 a barrel on Thursday as reports of tighter Chinese fuel supplies added to concerns over an already disrupted global market. PetroChina has reportedly withdrawn several gasoline and jet-fuel cargoes scheduled for October, with Beijing seeking to preserve domestic inventories. The move co
In the week ended Sept 25, US crude inventories rose by 922,000 barrels to 427.3 million; gasoline stocks fell to 204.4 million and distillates to 105.2 million, EIA said.
US crude inventories increased by 922,000 barrels to 427.3 million barrels last week, while gasoline and distillate inventories decreased, according to the Energy Information Administration. Analysts had anticipated a different outcome for crude inventories.
Brent was down 0.2% at $102.43 a barrel and headed for a monthly gain of around 13%, its biggest since July. Goldman Sachs estimated Gulf oil exports recovered to 23.3 million barrels per day over the last week.
Brent and WTI rose after Trump denied he was willing to ease sanctions on Iran, while Qatar said it hopes shuttle diplomacy can lead to a breakthrough. Brent was on track for a 14% monthly gain and oil shipments through Hormuz were the highest since February.
US crude oil and gasoline inventories rose, while distillate stocks fell last week, market sources said on Tuesday, citing data from the American Petroleum Institute.Crude stocks rose by 1.02 million barrels in the week ended September 25, the sources said, on the condition of anonymity.Gasoline st…
NEW DELHI, Sept 24 (Reuters) — Asia's naphtha prices rose on Thursday, in line with crude oil benchmarks, as supplies from the Middle East remained scarce, traders said. The price for first-half November cargo rose by $11.50 to about $927 per metric ton. The crack for naphtha declined to about $131 per ton over Brent c
US OIL: September 23- Americas End of Day Oil Summary: Crude Rises WTI Crude ended higher as optimism around US-Iran diplomatic efforts has eased following more hardline rhetoric from Iranian officials in recent hours. Crude prices held onto earlier gains after the updated EIA weekly petroleum inventory data. Diesel ma
US gasoline futures held above $3.50 a gallon, its highest level since May 21st, as uncertainty surrounding the Strait of Hormuz remained elevated. The Iranian President Pezeshkian stated his opposition to restrictions on Iran’s civilian nuclear program and US military presence in the Middle East. Meanwhile, as winter
US OIL: September 23- Americas Midday Oil Summary: Crude Rises WTI Crude has risen as earlier optimism around US-Iran diplomatic efforts has eased following more hardline rhetoric from Iranian officials in recent hours, though eased back from daily highs after a senior Iranian official told Reuters that Tehran was revi
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3 million barrels to 426.4 million barrels in the week ended September 18, the EIA said, compared with analysts' expectations in a Reute…
Keeping American diesel at home sounds like the fastest way to make it cheaper, but the opposite could happen. President Donald Trump said on Tuesday that he backs a diesel export ban. That day, the national average diesel price hit a fresh record at $6.53 a gallon, according to AAA. “I’ve said let’s not send out the d
US OIL: America Open - WTI Crude prices have extended the trend lower amid market optimism as talks continue on the sidelines of this week's UN gathering. EIA trade expectations are mixed, with crude and distillates seen lower but gasoline stocks higher. * US special envoy Witkoff said that lengthy talks have taken pla
Crude prices have extended the trend lower amid market optimism as talks continue on the sidelines of this week's UN gathering. * US special envoy Witkoff said that lengthy talks have taken place with the Iranian delegation through mediators and they are set to continue. Iran's foreign ministry official Baghaei confirm
Oil prices fell again on the prospect of an increase in global supplies as the UN meetings allow talks to take place and Saudi looks to resume flows through its east-west pipeline in coming days. President Trump and Saudi-owned Al Arabiya said that US and Iranian delegations met and talks were productive. The latter re
US crude oil inventories rose, while gasoline and distillate stocks fell last week, market sources said on Tuesday, citing data from the American Petroleum Institute.Crude stocks rose by 1.8 million barrels in the week ended September 18, the sources said, on the condition of anonymity.Gasoline and…
Northwest European gasoline refining margins fell by about $5 to $49.07 a barrel on Tuesday, driven by expectations of a rise in US motor fuel inventories.
The rise of electric vehicles in the US is creating a two-tiered fuel market, with EV owners' costs determined by local electricity prices and gasoline car users' costs tied to global oil markets. EV charging averages $1.56 per gallon nationwide, while gasoline costs $4.43 per gallon.
Federal Reserve Raises Rates For First Time In Three Years Warsh: Summer Data Have Not Shown Meaningful Inflation Progress Broad Rise In US Retail Sales Highlights Resilient Consumer Saudis Seek To Resume Half Of Key Oil Pipeline Within Days Burnham Sees Tough UK Budget In Tonal Shift From Early Vibes US Officials Met
US gasoline futures held near $3.45 a gallon, close to their highest level in eight weeks, as concerns over feedstock supply eased after Saudi Arabia stated it would offer additional cargoes via Oman. Attacks last week by Iran-backed Houthi rebels shut down a crucial crude pipeline in Saudi Arabia that bypasses the Str
In the week ended September 11, EIA reported US crude inventories down 640,000 barrels to 423.4 million, while gasoline and distillate inventories increased.
US EIA gasoline inventories increased by 0.8 mln barrels in the latest week versus -1.0 mln expected.
Crude oil fell to around $104 a barrel on Wednesday, retreating after two consecutive sessions of gains as signs of rising US inventories weighed on the market. The American Petroleum Institute reported a 7.1 million-barrel increase in US crude stockpiles last week, alongside higher gasoline and distillate inventories,
US gasoline prices rose to around $3.37 per gallon, nearing a seven-week high, driven by intensifying supply disruptions. Saudi Arabia’s closure of its East-West oil pipeline has compounded ongoing energy infrastructure attacks and shipping disruptions through the Strait of Hormuz, raising concerns over crude availabil
US gasoline futures rose to around $3.35 a gallon, the highest level since late July. Tehran stated it would continue counterstrikes if attacks from the US military persist, while Saudi crude output in August plunged to its lowest since 1990.
US EIA gasoline inventories increased by +1.3 mln barrels in the latest week versus the previous week.
Ollie's Bargain Outlet reported Q2 net sales of $741 million, up 9.1%, with adjusted EPS rising 43% to $1.42. Comparable store sales fell 1.8% as it updated full-year net sales guidance.
US gasoline futures traded around $3.38 per gallon near a five-week high as supply concerns intensified on geopolitical risks. EIA data showed inventories fell 2.536 million barrels in the week ending Aug. 21, above expectations.
EIA data shows US crude stocks rose while gasoline and distillate inventories fell, supporting sentiment around WTI crude oil futures.
US crude oil inventories increase by 17.423M barrels