By Erwin Seba (Reuters) – Oil futures climbed on Thursday after the U.S. Energy Information Administration (EIA) reported a draw on crude oil and data showing a cooling jobs market that stoked hopes the Federal Reserve could cut interest rates soon. Brent crude futures settled at $85.71 a barrel, up 64 cents or 0.75%. The […]
Florida gasoline prices are on the decline, reaching the lowest they’ve been since February. That’s according to AAA-The Auto Club Group, which said in its weekly gas prices brief, out Monday, that the state’s average hit $3.25 on Sunday. That’s five cents lower compared to the week before. That price also is 19 cents less […]
(Bloomberg) — Russia’s four-week average crude exports ticked up in the period to June 9, ending a run of declines. Most Read from Bloomberg Exports had fallen in each of the previous four weeks on that measure, producing a cumulative cut of 390,000 barrels a day, or 11%. That was the biggest such reversal since […]
By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Tuesday, extending the previous day’s rally on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though gains were capped by a firmer dollar. Brent crude futures climbed 28 cents, or 0.3%, to $81.91 per barrel by 0038 GMT […]
A standup comedy set in Madrid, Spain devolved into mayhem on Monday evening when the comedian performing was rushed by an angry father in the audience, who punched him right in the face in front of the shocked room. However, it wasn’t a random attack, as the pair had traded barbs on social media prior […]
(Bloomberg) — Russia’s crude flows rebounded in the seven days to May 5, with additional vessels leaving the major ports of Kozmino on the Pacific coast and Murmansk on the Arctic. The four-week average also rose. Most Read from Bloomberg Buoyed by last week’s increase, crude shipments for the year so far are running ahead […]
Fox News’ Laura Ingraham seethed at CNN on Thursday after host Jake Tapper shared a wild tidbit from former President Donald Trump’s trial. In court Thursday, Trump attorney Todd Blanche read a crude nickname for his client during a hearing about the gag order against Trump. Blanche was trying to convince Judge Juan Merchan that […]
The energy sector has been red-hot in 2024. However, oil prices have stalled, and earnings from major players have been OK, but not incredible. Investors looking for solid companies in the energy sector that will also benefit from a rise in oil prices could consider ExxonMobil (NYSE: XOM), Baker Hughes (NASDAQ: BKR), and EOG Resources […]
(Bloomberg) — Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a barrel. Most Read from Bloomberg Adjusted first-quarter profit of $2.93 a share was 3 cents higher than the average of analyst estimates in the Bloomberg Consensus. […]
After a huge run-up in oil and gas prices following early pandemic lows in 2020, the market started to cool off in late 2022 and throughout 2023. 2023 ended up being a great year for the energy sector, but corporate profits were mostly down. So far in 2024, oil prices are back on the rise, […]
Crude oil prices have gotten off to a roaring start in 2023. West Texas Intermediate, the primary U.S. oil price benchmark, has risen from around $70 a barrel at the beginning of the year to more than $85 a barrel this month. Several factors have fueled oil prices, including growing tensions in the Middle East. […]
(Bloomberg) — Russia’s seaborne crude exports soared to an 11-month high in the second week of April with flows from all major ports near peak levels. Most Read from Bloomberg Last week’s jump propelled total weekly flows to the highest since May 2023, for a level that has been exceeded only twice since the start […]