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2023-04-14 19:00:46 ET OPEC+ production cuts announced earlier this month risk exacerbating an oil supply deficit expected in this year's H2 and further weigh on a global economy still trying to recover from the COVID-19 pandemic, the International Energy Agency said Friday. The gap...
2023-04-14 13:05:43 ET Total active drilling rigs in the U.S. fell by 3 to 748 for a third consecutive weekly decline, Baker Hughes said in its latest report . Drilling rigs targeting crude oil in the U.S. fell by 2 to 588, while gas rigs dropped 1 to 157 and 3 rigs remained cla...
2023-04-12 17:45:54 ET Crude oil prices popped Wednesday after Secretary of Energy Jennifer Granholm said the U.S. government could begin buying oil to replenish the Strategic Petroleum Reserve later this year "if it is advantageous to taxpayers." Granholm's comments at an energ...
2023-04-12 02:45:00 ET Summary December Non-OPEC oil production decreased by 317 kb/d to 50,784 kb/d. The largest decrease came from the US, 276 kb/d. Output is expected to reach 52,569 kb/d in December 2024, which is 167 kb/d higher than the December 2019 peak of 52,402 kb/d. ...
2023-04-11 17:45:45 ET U.S. crude oil pushed past $81/bbl Tuesday, rebounding from the previous session's lowest settlement since before Saudi Arabia announced the unexpected OPEC+ production cuts. Front-month Nymex crude ( CL1:COM ) for May delivery ended +2.2% to $81.53/bb...
2023-04-10 15:35:29 ET Energy tops Monday's S&P sector leaderboard, +0.8% , even as U.S. crude oil closed below $80/bbl for its lowest settlement in a week. Shale producers are moving higher, as reports of Exxon Mobil's ( NYSE: XOM ) interest in a potential deal ...
2023-04-06 19:45:19 ET Oil futures tallied a third straight weekly gain, boosted by this week's OPEC+ production cuts , but prices have been treading water since the big initial gains from the shock announcement, suggesting lingering concerns over global demand and recession risks c...
2023-04-06 13:06:52 ET Total active drilling rigs in the U.S. fell by 4 to 751, Baker Hughes said in its latest weekly report , posting back-to-back declines after two straight weekly increases. Drilling rigs targeting crude oil in the U.S. fell by 2 to 590, while gas rigs als...
2023-04-05 17:45:36 ET U.S. crude oil ticked lower Wednesday after four straight winning sessions, as this week's initial surge following OPEC's surprise production cut lacks staying power, with prices merely holding gains since spiking more than 6% on the first day. WTI crude ( C...
2023-04-05 03:44:00 ET Summary U.S. oil production increased by 437 kb/d to 12,462 kb/d, a post-pandemic high. From the beginning of April 2021 through to the week ending July 29, 2022, the US added horizontal oil rigs at a rate of close to 3.76 rigs/wk and peaked at 551 rigs in t...
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2024-05-20 11:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-20 21:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-22 00:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...