❗ EIA Crude Oil Inventories Actual -2.314M (Forecast -3.419M, Previous -6.234M) EIA Distillate Inventories Actual -1.294M (Forecast -2.261M, Previous -4.494M) EIA Crude Cushing Inventories Actual -0.648M (Forecast -, Previous -0.796M) EIA Gasoline Inventories Actual -2.504M...</p
The weekly crude oil inventory data is showing Crude oil versus estimate of -3.291 million Gasoline versus estimate of -2.107 million Distillates versus estimate of -2.352 million The private data last night showed: This article was written by Greg Michalowski at...
Equity markets rise while crude futures fall amid reports Iran may accept a US nuclear proposal, easing supply concerns. Global equities climbed as investors weighed potential progress in Iran-US nuclear negotiations, which could ease geopolitical tensions. Major indices i
The South American nation taps international debt markets for the second time this year as crude prices boost fiscal inflows. Ecuador issued additional sovereign bonds in global markets this week, capitalizing on a surge in oil revenue. The government aims to raise USD 1.5
Retail gasoline prices surge to highest levels since July 2022 amid geopolitical tensions and tightening fuel inventories. U.S. retail gasoline prices have climbed above $4.50 per gallon for the first time since July 2022, driven by escalating crude oil costs and shrinking
Pakistan on Wednesday issued a tender seeking to urgently buy two LNG cargoes for delivery later this month as the country struggles to cope with a gas and power crisis amid disrupted LNG supplies from the Middle East. Pakistan LNG Limited (PLL), the state-owned company pr
Expectations of eased sanctions could boost Iranian crude exports, adding supply to global markets. Oil prices declined as investors priced in the likelihood of a nuclear deal between the US and Iran. A potential agreement could lift sanctions, allowing Iran to increase cr
Brent and WTI crude futures plunged nearly 10% after reports of U.S.-Iran negotiations to pause hostilities and ease supply concerns. Oil markets tumbled Wednesday as investors reacted to reports of a potential U.S.-Iran agreement to halt conflict. Brent crude fell 8.58% t
Saudi Arabia cuts June oil prices by less than expected Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June. The price cut was less than expected, with next month’s supply seeing the second-highest premium to benchmark
Venezuela disputes World Court authority over Guyana territory Venezuela claims the World Court has no jurisdiction in a dispute with Guyana over oil-rich territory. The territory in question is a significant factor in the region's oil production. The dispu