The amount of refined petroleum products supplied to the U.S. economy, a proxy for demand, remains below year-ago levels amid concerns of slower growth ahead, federal data Wednesday show. Data supplied by the Energy Information Administration, the statistical arm of the Energy Department, show total crude oil inventories remain bloated.
The European Union's top transport official said on Wednesday she supported the inclusion of aviation in the EU's green taxonomy investment rules and expected sceptical policymakers could be convinced to include it. The EU taxonomy is a complex system to classify which parts of the economy may be marketed as sustainable investments.
U.S. crude oil stockpiles fell unexpectedly last week as refineries restarted operations after maintenance and imports fell to a two-year low, the Energy Information Administration said on Wednesday. Crude inventories fell by 7.5 million barrels in the week to March 24 to 473.7 million barrels, compared with analysts' expectations in a Reuters poll for a 100,000-barrel rise.
Fujairah Oil Industry Zone on Wednesday published the following
inventory data for oil products for the week ended March 27, according to industry information
service S&P Global Commodity ...
Crude prices rose for a third day in early Asian trade on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supply and market sentiment improved as fears of a banking crisis eased. Brent crude futures rose 42 cents, or 0.5%, to $79.07 a barrel at 0046 GMT.
U.S. natural gas futures eased about 1% on Tuesday, putting the front-month on track to
close at a 30-month low, on rising output and mild weather forecasts that should allow utilities to start ...
French strike action has led to record amounts of crude and condensate sitting idly offshore while the country's crude stocks have plummeted, analysts said on Tuesday. Around 17 cargoes carrying crude oil, oil products or chemical products have been floating in French waters for the past week, according to Kpler crude analyst Johannes Rauball.
Crude oil prices edged up on Tuesday, extending sharp gains from the previous session on supply disruption risks from Iraqi Kurdistan and hopes that banking sector turmoil is contained.
Crude oil prices edged up on Tuesday, extending sharp gains from the previous session on supply disruption risks from Iraqi Kurdistan and hopes that banking sector turmoil is contained.
March 28 - Crude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand. Brent crude futures fell 2 cents to $78.10 a barrel at 0018 GMT.
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