Us News Oil Gains As Storm Causes U S Gulf Production Halts Cnbc
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Oil edges up on strong U.S. fuel demand; weak economic data cap gains
Oil prices rose on Wednesday on strong U.S. demand for fuel, but weaker economic data from top oil importers limited the gains. Brent crude futures were up 16 cents, or 0.25%, at $64.6 a barrel by ... Read More
U.S. oil output is at a record high, putting profits for producers at risk
U.S. oil prices have dropped more than 15% so far this year to levels that could threaten the ability of smaller producers to earn a profit. And that’s even before factoring in forecasts that could ... Read More
Crude Oil Gains on News the US Plans to Refill the SPR
November WTI crude oil (CLX25) on Tuesday closed up +0.30 (+0.52%), and November RBOB gasoline (RBX25) closed down -0.0049 (-0.27%). Crude oil and gasoline prices on Tuesday settled mixed. Crude found ... Read More
Most Gulf markets gain on US rate cut hopes; oil weighs on Saudi
Most Gulf stock markets closed higher on Sunday as softer-than-anticipated U.S. inflation data bolstered hopes for a Federal Reserve interest rate cut this week, while Saudi Arabia's index dipped in ... Read More
Oil Futures Post Back-to-Back Gains
1508 ET – Oil futures rise after President Trump again says India would reduce its purchases of Russian oil, while the EIA’s report of 1 million barrel drop in U.S. crude oil inventories following ... Read More
Improved drilling to boost Gulf of Mexico offshore oil output as US onshore growth slows
HOUSTON, Oct 15 (Reuters) - Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and ... Read More
Chevron restarting offshore Gulf of Mexico oil and gas output shut by hurricane
Chevron Corp has begun to restaff evacuated oil and gas production facilities in the U.S. Gulf of Mexico, the company said in a statement, as calm returned to an area struck by Hurricane Delta. Read More
-U.S. oil drilling set to start rising after cycle turns: Kemp
The U.S. oil industry probably passed the low point in the current cycle in July and August, with drilling rates set to start increasing from September or October and production turning up from March ... Read More
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