(Investing) – NEW YORK -U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump’s plans to levy a 25% tariff on Canadian imports. Trump, who has long complained about Canada’s trade surplus with the U.S., on Tuesday threatened to
Weekly Crude Oil Storage as of January 3, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week. At 414.6 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
(Oil Price) – Oil prices began the 2025 trading year with a rise in Asia on Thursday as market sentiment turned positive on expectations of stronger economic and oil demand growth. Oil prices have been rangebound for most of the fourth quarter amid concerns about demand in China and other major economies and expectations of an oversupply this year. For 2024, oil saw
(Investing) – Oil prices edged higher Monday, in thin holiday-impacted trade, ahead of the release later in the week of the latest economic activity data from the US and China. By 09:15 ET (14.15 GMT), the U.S. crude futures traded 1% higher at $71.28 a barrel and the Brent contract climbed 0.7% to $74.31 a barrel. Key activity data due this week Crude prices have
(Investing) – Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar. Brent crude futures rose 44 cents, or 0.60% to $73.83 a barrel by 1414 GMT.
Natural Gas Inventories as of December 13, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 125 Bcf as of December 13, 2024. Working gas in storage was 3,622 Bcf as of Friday, December 13, 2024, according to EIA estimates. This represents a net decrease of 125 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of December 13, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.9 million barrels from the previous week. At 421.0 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of December 6, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 190 Bcf as of December 6, 2024. Working gas in storage was 3,747 Bcf as of Friday, December 6, 2024, according to EIA estimates. This represents a net decrease of 190 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of December 6, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.4 million barrels from the previous week. At 422.0 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of November 29, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 30 Bcf as of November 29, 2024. Working gas in storage was 3,937 Bcf as of Friday, November 29, 2024, according to EIA estimates. This represents a net decrease of 30 Bcf from the previous week. Stocks were
(Investing) – NEW YORK – Oil futures slipped on Wednesday as traders awaited an imminent OPEC+ decision on supply, while a larger-than-expected draw in U.S. crude stockpiles last week lent some support to prices. Brent crude futures fell 38 cents, or 0.52%, to $73.24 a barrel by 11:50 a.m. EST (1650 GMT). U.S. West Texas Intermediate crude futures were down 44 cents, or
Weekly Crude Oil Storage as of November 29, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.1 million barrels from the previous week. At 423.4 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
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