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Jul 24, 2024 · Prices snapped three straight sessions of decline on falling U.S. crude and fuel inventories, as well as growing oil supply risks from Canadian wildfires. Brent crude futures for September...
Jul 3, 2024 · Geopolitical tensions in the Middle East, an unexpectedly large draw in U.S. crude inventories, and optimistic forecasts for summer fuel demand have all contributed to pushing prices higher.
- Editorial Dept
Jun 5, 2024 · NEW YORK, June 5 (Reuters) - U.S. crude oil stockpiles rose unexpectedly last week, while gasoline and distillate inventories also increased as refining ramped up and demand fell despite the...
May 22, 2023 · Between 2023 to 2027, we expect an additional 4.4 MMbd of new distillation capacity to come online, intended to reduce local product shorts in specific markets (in Africa), integrating into petrochemicals (China), or upgrading local crude into higher value products (Middle East).
Apr 10, 2024 · U.S. crude oil stocks rose more than expected last week as refineries reduced their capacity use, according to data released Wednesday by the Energy Information Administration.
May 22, 2024 · Refinery crude runs (USOICR=ECI) rose by 227,000 barrels per day, while refinery utilization rates (USOIRU=ECI) rose by 1.3 percentage points to 91.7% of total capacity as refiners sought to...
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Why did oil inventories rise unexpectedly last week?
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Why did gasoline & distillate inventories rise?
May 8, 2024 · “Stronger refining activity and exports have encouraged a minor draw to crude inventories, helping unwind some of last week’s large build,” said Matt Smith, lead oil analyst at Kpler. The...
