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Saudi Aramco's (ARMCO) panned multi-billion dollar investment in India's Reliance Industries is another major diversification move for the world's most profitable company. The world's top oil producer has signed a letter of intent to take a 20 percent stake in Reliance's oil-to-chemicals bus...
EIA Petroleum Inventories : Crude +1.6M barrels vs. -2.8M consensus, +2.4M last week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, ProShares Trust II - ProShares Ultra Bloomberg Crude Oil, Energy stocks news, Stocks on the move, Comm...
By Stacey Morris While recent oil price volatility has been in the spotlight, the weakness in natural gas prices has begun to cause headaches for upstream companies, with consequences for some midstream names. An oversupply of natural gas has sent prices to multi-year lows, creating challe...
Crude oil prices fall sharply in the wake of weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing yesterday's big gains; WTI -2.5% to $55.68/bbl, Brent -2.1% to $60.03/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPD...
If you like rate cuts and think they are powerful tools to help manage a soft patch, then there was good news in two international oil reports over the last week. The US Energy Information Administration ((EIA)) cut its forecast for global demand growth for the seventh straight month. On Frida...
By Phil Flynn (Flash: The recent report that President Trump is delaying some tariff on China has boosted prices.) We had tanking Treasury yields, the shutdown of the Hong King airport, fears of an Argentinian debt default, federal government spending at a record $3.73 trillion in the ...
Crack spreads look gloomy. The best phrase to describe last week's oil market is "roller coaster." You wouldn't think so if you just looked at the week's ending numbers. Front-month light, sweet crude wrapped up Friday at $54.40 a barrel, just a 2% loss for the week. The ride to Friday's c...
Welcome to the latest EIA DPR edition of Oil Markets Daily! EIA released its latest drilling productivity report yesterday and we found some interesting things we want to share. For starters, US shale oil well productivity change is stagnating, implying that well productivity is not ...
The American Petroleum Institute reportedly shows a build of 3.7M barrels for the week ending Aug. 9, following a 3.4M-barrel draw in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN,...
Crude oil surges out of the red after the U.S. said it was delaying China tariffs on several items including cellphones and clothing while outright removing some items from a list of proposed new tariffs; WTI +3.5% to $$56.84/bbl, Brent +3.7% to $60.77/bbl. More news on: Energy...
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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 ...