United Arab Emirates to leave OPEC May 1 — Reuters The United Arab Emirates (UAE) will exit the Organization of the Petroleum Exporting Countries (OPEC) on May 1, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the Iran war exposes discord...</strong
The United Arab Emirates (UAE) will exit the Organization of the Petroleum Exporting Countries (OPEC) on May 1, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations, Reuters reported on Tuesday.
Dow Jones/Market Watch cite analysts who say Kazakhstan and possibly Iraq could follow the UAE out of OPEC, though Baghdad has denied any plans to leave. Dow Jones/Market Watch cite analysts who say Kazakhstan and possibly Iraq could follow the UAE out of OPEC, though Bagh
Following the Mubaraz LNG tanker's exit from the Hormuz chokepoint in recent weeks, the first such transit since the conflict began, new ship-tracking data from Bloomberg late Tuesday afternoon show that the first crude supertanker, Idemitsu Maru, is also exiting the critical...<
Via oiprice.com: Expectations I had seen: headline crude oil +0.3mn barrels distillates --2.3mn bbls gasolina -2.1mn bbls This data point is from a privately-conducted survey by the American Petroleum Institute (API). Via oiprice.com: Expectations I had seen: headline crud
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million barrels in the week ending April 24. The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million
US API Crude Oil Stock Change Actual -1.79M (Forecast 0.3M, Previous -4.47M) US API Cushing Stock Change Actual -0.82M (Forecast -, Previous 0.678M) US API Gasoline Stock Change Actual -8.47M (Forecast -, Previous -5.165M) US API Distillate Stock Change Actual -2.6M (Forecast -,...</stron
West Texas Intermediate (WTI) US Oil trades around $98.00 on Tuesday at the time of writing, up 3.21% on the day, reaching its highest level since mid-April. West Texas Intermediate (WTI) US Oil trades around $98.00 on Tuesday at the time of writing, up 3.21% on the day, r
The government’s borrowing costs have risen to their joint highest level since the 2008 financial crisis, after a sharp jump in the oil price prompted a sell-off in UK debt because of concerns over inflation. The government’s borrowing costs have risen to their joint highe
NYMEX Natural Gas May futures settle at $2.5590/MMBTU. NYMEX Natural Gas May futures settle at $2.5590/MMBTU. Nymex Gasoline May futures settle at $3.5604 a gallon. NYMEX Diesel May futures settle at $3.9712 a gallon. NYMEX WTI crude June futures settle at $99.93 a