Monday, February 3, 2025
U.S. crude stockpiles jump sharply as refiners cut activity: EIA-oag360

U.S. crude stockpiles jump sharply as refiners cut activity: EIA

Source: Reuters (Reuters) – U.S. crude oil stockpiles rose sharply last week as refineries cut output and exports dropped, while refined products extended a multi-week drawdown, the Energy Information Administration said on Wednesday.   Crude inventories rose by 7.9 million barrels in the week to Nov. 1, compared with analysts’ expectations in a Reuters poll for an increase of 1.5

Oil slips from 6-week high on signs U.S. supplies rose again-oag360

Oil slips from 6-week high on signs U.S. supplies rose again

Source: Houston Chronicle Oil retreated from a six-week high as signs of another increase in U.S. crude reaffirmed the prevailing view that global markets are comfortably supplied. Futures lost as much as 0.8% in New York after rising 5.6% over the past three sessions. The American Petroleum Institute reported that crude stockpiles increased by 4.26 million barrels last week, according

'Responsible' gas offers end-users a choice to buy environmentally friendly product - oil and gas 360

‘Responsible’ gas offers end-users a choice to buy environmentally friendly product

S&P Global Platts Houston — A number of buyers and sellers of natural gas have initiated programs recently to market gas tailored to meet consumers’ demand for a more environmentally friendly product. In one of the latest examples of this trend, Southern Company subsidiary Virginia Natural Gas said that as of November 1 it would begin purchasing one-fifth of its customers’