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Commodities

Oil prices rose recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve held interest rates steady and struck an optimistic tone on the outlook of the economy. Read more

Commodities

Oil prices dropped for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. Read more

Commodities

North American shale supply will continue growing even in an environment with lower oil prices. Read more

Commodities

In September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this has happened since monthly records began in 1973. Read more

Commodities

Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles. Read more

Commodities

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. Read more

Commodities

Oil had risen for the last two days on expectations that China and the United States would soon sign a preliminary agreement beginning an end to their 16-month trade dispute. Read more

Commodities

The current agreement is for a production cut of 1.2 million bpd until the end of March. Read more

Commodities

In the November STEO, EIA increased its U.S. benchmark West Texas Intermediate (WTI) crude oil price forecast by $2 per barrel (b) in November to $56/b and by $1/b in both December and January to $55/b and $54/b, respectively. Read more

Commodities

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030. Read more

Commodities

China and the United States have agreed in the past two weeks to cancel tariffs in different phases. Read more

Commodities

The United States is taking advantage of record-low prices of one of the world’s dirtiest fuels by buying record volumes, which it intends to upgrade into cleaner products before new shipping rules take effect, trading and analyst sources say. Read more

Commodities

Near-record injection activity during the 2019 natural gas refill season (April 1–October 31) resulted in a rapid recovery of working gas stocks from their relatively low level at the end of the 2018–19 heating season. Read more

Commodities

China and the United States have agreed in the past two weeks to cancel tariffs in different phases. Read more

Commodities

The current outlook for natural gas prices at key hubs reflects market expectations for lower prices in mid-winter (January and February), except in New England. Read more

Commodities

Rapid growth in China’s natural gas consumption has outpaced growth in its domestic natural gas production in recent years. Read more

Commodities

Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support. Read more

Commodities

Oil prices fell as industry data showed a larger-than-expected increase in U.S. inventories. Read more

Commodities

The movement of natural gas has increased as natural gas spot prices have declined in the Northeast and as production in Appalachia has continued to grow. Read more

Commodities

Oil product tanker is proceeding through Suez Canal.

Anatoly_Menzhiliy

The incident is the latest involving oil tankers in the Red Sea and Gulf area. Read more

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