Archive for the ‘Oil Prices’ Category

US crude oil inventories and gasoline stockpiles both dropped last week, according to US Energy Information Administration data.

Oil prices climbed on the New York market Oct. 31 and reached above
$55/bbl in early Nov. 1 trading on what analysts called growing optimism
that the Organization of Petroleum Exporting Countries will extend its
production-cut targets.

The US Department of the Interior and the Environmental Protection Agency separately reported energy regulatory burdens discovered within their operations and steps under way to relieve them.

Crude oil prices fell on the New York market Oct. 25 but still settled above $52/bbl after a weekly government report showed gains in US oil supplies and production.

Crude oil prices gained in New York and London on Oct. 24 on optimism
that measures will continue to be taken by major producers to balance
world markets. However, prices eased on Oct. 25 as traders awaited US
inventory data.

The December light, sweet crude oil price edged up a few cents on the New York market Oct. 23 to settle under $52/bbl for a third consecutive day while the Brent December crude oil price in London fell. The US benchmark oil price rose in early Oct. 24 …

Price increases accompanying economic reform will lower demand for gasoline in diesel again next year in Saudi Arabia, predicts ESAI Energy LLC, Boston.

The light, sweet crude oil price contract for November delivery
gained modestly on Oct. 18 but fell in early Oct. 19 trading during a
week characterized by mixed energy trading, which analysts attribute
largely to rising political tensions in the Mi…