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The U.S. Oil Rig Count most recently peaked at 888 in this cycle for the week ending November 16, 2018. Since then, it has dropped to 770 in the week ending August 2nd. Much has been made of the fact that the rig count is dropping in terms of U.S. crude production levelling off. However, the...
The drop in oil prices turns into a rout after U.S. data showed an unexpected build in crude stockpiles , amplifying fears that demand for fuel is weakening alongside the U.S. economy amid rising U.S.-China trade tensions. More news on: Exxon Mobil Corporation, Chevron Corporation, Roya...
Oil prices slide alongside equities, extending recent heavy losses as deepening U.S.-China trade tensions weigh on the outlook for the global economy and energy demand; WTI -1.5% to $52.81/bbl, Brent -1.2% to $58.24/bbl. More news on: The United States Oil ETF, LP, Energy Select Sec...
By Owain Johnson At a Glance The world's most-watched commodities typically move in tandem, but global economic concerns and trade tensions have changed the dynamic. Gold prices have risen as investors look for safer assets, while U.S. oil production has made the commodity less sensi...
The U.S. Energy Information Agency released the most recent U.S. Petroleum Balance Sheet for the week ending July 26, 2019 : Key Observations: Total oil stocks, including SPR, dropped by 10.1 million barrels, and The vast majority of the week-over-week drop was primarily driven by...
Traders say WTI crude in Midland traded in positive territory today for the first time in more than a month on expectations a new Permian Basin pipeline will start operations soon, Reuters reports. More news on: Plains All American Pipeline, L.P., The United States Oil ETF, LP, iPath S&a...
China is unlikely to target U.S. crude oil if it decides to impose retaliatory tariffs in response to Pres. Trump's plan to impose 10% tariffs on an additional $300B worth of Chinese goods starting Sept. 1, sources at Sinopec ( SNP -3.1% ) trading arm Unipec and independent refineries t...
Crude oil futures continue lower as markets remain concerned about U.S.-China trade tensions and the implications for global energy demand; WTI -1.1% to $55.02/bbl, Brent -1.2% to $61.13/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P G...
Welcome to the US oil production edition of Oil Markets Daily! The real-time gauge for US oil production appears to be picking up according to our leading indicator. On a relative basis, at the end of last week the leading indicator was saying US oil production was around ~12.3 mb/d. S...
Oil has been under pressure from concerns over global economic growth amid ongoing US-China trade tensions. (Reuters) Upcoming September crude oil trading was completed without a single unsold Gulf crude cargo. An eventful week ended with downward momentum for oil prices. Brent crude f...
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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...
Olo Inc. (NYSE: OLO), a leading restaurant technology provider, today announced that it will report its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, July 31, 2024. In conjunction with this announcement, Olo will host a conference call ...