Energy News Results

  • U.S. oil futures settle at the lowest in over a week

    Oil futures fell Wednesday, with U.S. prices settling at their lowest in just over a week, as a report that President Donald Trump discussed easing sanctions on Iran raised the potential return of Iranian oil to the global market. Also contributing to the oil-price decline, the Organization of the Petroleum Exporting Countries cut its oil demand forecasts for this year and next, in a monthly report issued Wednesday. October West Texas Intermediate oil fell $1.65, or 2.9%, to settle...

  • Oil prices end at lowest in a week as Trump reportedly weighs easing sanctions on Iran

    By Myra P. Saefong and William Watts, MarketWatch. OPEC cuts demand forecasts; EIA reports a 4th- weekly U.S. supply decline. Oil futures declined on Wednesday, settling at their lowest in about a week, as a report that President Donald Trump is considering easing sanctions on Iran raised the possibility of the return of the country's crude to the world market.

  • Exxon Mobil's stock slips, in danger of snapping longest win streak in 9 years

    Shares of Exxon Mobil Corp. (XOM) eased 0.2% in afternoon trading Wednesday, as crude oil prices sold off. While the oil giant's stock decline was fractional, it was significant because it would the first decline in 10 sessions. The nine-session win streak through Tuesday was the longest such streak since it rose for 11- straight days through Nov. 11, 2010. Crude oil futures fell 2.7%, as a Bloomberg report that President Trump was considering easing sanctions on Iran and a weaker demand...

  • *Oct. WTI crude trades at $57.84/bbl on Nymex vs. $57.75 before supply data

    (END) Dow Jones Newswires 09-11-19 1031 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • *U.S. crude-oil inventories down 6.9 million barrels last week: EIA

    (END) Dow Jones Newswires 09-11-19 1031 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • TABLE-UAE's Fujairah oil inventory data for week ended Sept. 9

    Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended Sept. 9.

  • Trafigura's U.S. crude exports account for over a quarter of U.S. total

    Commodity trader Trafigura's exports of U.S. crude now account for over a quarter of the country's total since the new Cactus II pipeline started last month, the company's co-head of oil said, making the firm the single biggest exporter. "We touch in excess of 1.5 million barrels per day of physical U.S. crude, out of that we export around 500,000 bpd.

  • Oil prices rise as API data reportedly show U.S. crude supplies down by more than 7 million barrels

    The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 7.2 million barrels for the week ended Sept. 6, according to sources. The API data also reportedly showed a stockpile decline of 4.5 million barrels in gasoline, while distillate supplies rose by 618,000 barrels. Inventory data from the Energy Information Administration will be released Wednesday.

  • Trump ousts Bolton and meets with Republican leaders

    President could meet Iran's leader, Pompeo says. President Donald Trump ousted John Bolton on Tuesday, saying he disagreed with his national security adviser on many issues in a move that may foreshadow a shift on Iran policy. Oil futures turned lower after Trump tweeted that Bolton had resigned, as traders bet his departure would lead to eased tensions with Iran.

  • U.S. oil futures finish lower as Bolton's departure boosts prospects for U.S. talks with Iran

    Oil futures settled lower on Tuesday after President Donald Trump fired National Security Advisor John Bolton, boosting the chance of U.S. talks with Iran that could lead to the U.S. lifting oil sanctions on Tehran, adding more oil on the market. Trump and Iranian President Hassan Rouhani could have a meeting later this month at the United Nations, Secretary of State Mike Pompeo said Tuesday. Meanwhile, in a monthly report, the Energy Information Administration cut its 2019 and 2020...

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