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As the international oil cartel prepares to meet, the group that decides production policy for some of the world's leading petroleum producers have lost most of its influence in the market. While the market still watches OPEC, two of the three leading producers are not members. The triad that ...
As we’ve been saying for a while now, as refining inputs increased to more normal levels, inventories would fall… Wednesday, the data showed US crude inventory fell 12.79mil bbl (the largest decline in almost 3 yrs). Expectations were for a 2.8M bbl draw. While refining inputs ...
EIA Petroleum Inventories: Crude -12.8M barrels vs. -2.4M consensus, -3.1M last week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, ProShares Ultra Bloomberg Crude Oil ETF, Energy stocks news, Stocks on the move, Commodities news, News on...
The American Petroleum Institute reportedly shows a draw of 7.54M barrels of oil for the week ending June 21, following an 812K-barrel draw in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN,...
Note: This article was first published to HFI Research subscribers on June 16th. For more info about HFI Research, see here for details . In part 2 of this week's WCTW, we will explain why product storage isn't lower. In the case of this article, we will be focusing on gasoline, distillat...
Saudi Arabia can meet the oil needs of customers using its spare capacity despite the concerning recent developments in the Persian Gulf, says Aramco chief executive Amin Nasser. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3...
Saudi Arabia can meet the oil needs of customers using its spare capacity despite the concerning recent developments in the Persian Gulf, says Aramco chief executive Amin Nasser. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3...
Over the course of the last several months, tensions have been building around the tinderbox that is the Persian Gulf. The United States has been tightening the economic noose around the neck of its nuclear nuisance in Iran. Finally, economic hardship in Iran and inadequate and unequal support...
The alkylation unit involved in Friday's fire at the 335K bbl/day Philadelphia Energy Solutions oil refinery has been completely destroyed , which will restrict the supply of gasoline from the east coast's largest refinery, Reuters reports. More news on: The United States Oil ETF, LP, i...
I recently wrote an article discussing how a negotiated settlement of the U.S. - Iran nuclear deal could impact the oil market. Given recent incidents, I discuss below how an armed conflict involving the U.S. and Iran might play out in the oil market. I will recount how the first Gulf War im...
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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...