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Fuel Inventory

All articles tagged with #fuel inventory

energy1 year ago•1 min saved

"Oil Surges on Inventory Draws and Fed Rate Cut Signals"

Crude oil prices rose as the Energy Information Administration reported inventory draws in gasoline and middle distillate stocks, with a build of 1.4 million barrels in crude oil. Traders shifted focus to the latest OPEC+ meeting and the decision to continue withholding 2.2 million bpd from the global market, leading to a rise in prices despite concerns over Chinese economic growth measures. Analysts suggest signs of a tightening oil market and the impact of ongoing production cuts.

via OilPrice.com|

#crude-oil-prices #energy #energy-information-administration

energy2 years ago•1 min saved

Oil Prices Dip as U.S. Crude Inventories Surpass Expectations

Crude oil prices declined as the Energy Information Administration reported a build in crude and fuel inventories. The American Petroleum Institute estimated a slight dip in crude oil inventory, while gasoline and middle distillates inventories increased. Oil prices remained volatile ahead of the OPEC+ meeting, where an extension of production cuts is expected. Analysts anticipate that deeper cuts from Saudi Arabia could push prices higher, but uncertainties remain. If OPEC fails to reach an agreement and delays the meeting, prices are likely to fall.

via OilPrice.com|

#crude-oil-inventory #energy #fuel-inventory