Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data.
- U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, crude stocks reached the highest level since June 2021, the Energy Information Administration said on Wednesday.
U.S. natural gas futures dropped about 5% to a 19-month low on Wednesday on forecasts for
less cold weather and lower heating demand next week than previously expected and a growing belief in the ...
Kazakhstan's Tengizchevroil plans to boost its crude oil exports via Georgia's Black Sea port of Batumi in January-February to 150,000 tonnes, two industry sources told Reuters on Wednesday. TCO's monthly exports via Batumi last year averaged about 21,000 tonnes, rail data seen by Reuters showed.
Oil prices settled largely unchanged on Wednesday after government data showed a smaller-than-anticipated build in U.S. crude inventories, countering weak economic data from Tuesday. Brent crude futures settled at $86.12 a barrel, down a cent, while the U.S. West Texas Intermediate crude futures settled at $80.15 a barrel, up by 2 cents.
U.S. natural gas futures dropped about 6% on Tuesday on uncertainty about when Freeport
LNG's liquefied natural gas (LNG) export plant in Texas would restart and on forecasts for milder weather ...
* U.S. business activity contracts in Jan. * U.S. crude stocks likely to rise - poll. * OPEC+ panel unlikely to tweak oil policy at Feb. 1 meeting. * Oil stocks rose by 3.4 mln bbls last week - sources citing API. By Arathy Somasekhar.
Mexican state oil company Pemex's newest refinery, which is still under construction in Mexico's southeast, will begin to process crude oil in July 2023, the country's Energy Minister Rocio Nahle said. Things are "going really well," Nahle told reporters late on Monday after a meeting with the president, noting the refinery would begin processing in July, a year after its official inauguration.
U.S. natural gas futures were little changed on Tuesday as bearish forecasts for less
heating demand over the next two weeks than previously expected offset a bullish drop in output as cold weather ...
Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in U.S. oil inventories. Brent futures for March delivery fell $2.06, or 2.3%, to $86.13 a barrel.
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