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Crude prices jumped as much as 2% after Saudi Energy Minister al-Falih said OPEC and its allies should extend oil production cuts at around current levels; pulling back a bit, WTI +1.5% at $53.39/bbl, Brent +1.6% at $62.67/bbl. More news on: The United States Oil ETF, LP, Energy Sel...
Oil prices turned sharply higher just before today's settlement after trading had been flat throughout the day, following reports that the Trump administration may delay tariffs on Mexican imports. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P...
The U.S. may now be the world's biggest crude producer, but the oil produced in the prolific Permian Basin increasingly is too light in density for domestic refiners or for exports , Reuters reports. More news on: Chevron Corporation, Occidental Petroleum Corporation, Concho Resources Inc...
By Bob Iaccino At A Glance Energy has been a tailwind to U.S. growth, but recent declines in oil and gas investment may lessen its impact Oil and natural gas mining remain one of the top U.S. growth sectors The U.S. economy has had a long and bumpy ride on the path to stable gr...
Original Post By Stuart Burns Oil prices are on track for their largest monthly decline in six months, the online trade journal oilprice.com writes . The Trump administration exacerbated the selloff with another threat of tariffs, this time against its southern neighbor Mexico if ...
Welcome to the " where's the oil coming from " edition of Oil Markets Daily! One of the most important variables to understand today is how much US shale production is growing. So there are a lot of methods one can use to gauge just where production is. Historically, if you compare US oil ...
Over the last month, shares of iPath's S&P Crude Oil Total Return Index ( OIL ) have fallen by more than 13% - 3% of which came after today's release of the EIA figures. In this article, I will dig into the fundamentals and technical factors influencing crude oil and give a recommendation ...
The WTI crude oil price has dropped more than 20% below its April peak after closing -3.4% at $51.68/bbl, slipping below the $53.04 level needed to push oil into another bear market. More news on: Cimarex Energy Co., Occidental Petroleum Corporation, Halliburton Company, Energy stocks ...
The Permian Basin typically dominates headlines about U.S. oil production. But offshore production is more quietly getting a boost. Shell Midstream Partners, L.P. ( SHLX ) announced first oil was produced by the Appomattox floating production system in the Gulf of Mexico on May 23, 2019. T...
Oil prices plunge after the EIA reports U.S. crude inventories rose unexpectedly last week while gasoline and distillate stockpiles built more than expected; WTI -3.5% to $51.61/bbl, Brent -2.4% to $60.48/bbl. More news on: Energy Select Sector SPDR ETF, Exxon Mobil Corporation,...
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GRUBBRR Partners with Olo to Enhance Onsite Dining Experience PR Newswire Streamlining Restaurant Operations with Integrated Self-Ordering and Payment Solutions BOCA RATON, Fla. , July 30, 2024 /PRNewswire/ -- GRUBBRR, a leading provider of self-ordering tech...
Nineteen enhancements launched to help brands increase orders, streamline operations, and improve guest experiences Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced Loyalty for Borderless Accounts, a new feature that allows guests to earn, redeem, and u...