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Gasoline, crude oil prices rise; China refined more oil than US - talkbusiness.net

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Gasoline, crude oil prices rise; China refined more oil than US - talkbusiness.net Gasoline, crude oil prices rise; China refined more oil than US - talkbusiness.net Posted: 30 Mar 2021 12:00 AM PDT U.S. gasoline prices have been rising since reaching a multiyear low of $1.77 per gallon in late April 2020 because of higher crude oil prices and higher wholesale gasoline margins, according to the U.S. Energy Information Administration (EIA). Meanwhile, China refined more crude oil than the United States for the first time in April 2020. The EIA's Gasoline and Diesel Fuel Update shows U.S. regular retail gasoline prices were an average of $2.85 per gallon as of Monday (March 29). Before the small decline this week, the gasoline prices increased for 17 consecutive weeks, the longest streak of price increases since 1994. Gasoline prices in the United States are affected by crude oil prices, refining costs, retail distribution and marketi

3 Oil Stocks To Watch This Spring - OilPrice.com

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3 Oil Stocks To Watch This Spring - OilPrice.com 3 Oil Stocks To Watch This Spring - OilPrice.com Posted: 15 Apr 2021 05:00 PM PDT Oil bulls who have been praying for oil prices to cross the $70 per barrel mark to affirm a full recovery after a very encouraging 6 month-long rally have unfortunately been disappointed. Oil prices seem to have hit a ceiling at the high 60s and are currently flirting with the low 60s with a Covid-19 resurgence raining on the bulls' parade thanks to new lockdowns in key consumer regions such as India and the UK. Still, the U.S. oil and gas sector remains in good stead; J.P. Morgan has estimated that Permian's Delaware Basin oil drillers now require oil prices of just ~$33/bbl to break even down from $40/bbl in 2019. Indeed, JPM says most U.S. onshore operators are economic at current oil prices, and many operators are even likely to ramp up activity in H2 and build solid momentum for higher volumes in 202

Crude Oil Price Outlook: Aiming for February Peak Ahead of US Retail Sales - DailyFX

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Crude Oil Price Outlook: Aiming for February Peak Ahead of US Retail Sales - DailyFX Crude Oil Price Outlook: Aiming for February Peak Ahead of US Retail Sales - DailyFX Oil Price Fundamental Daily Forecast – WTI, Brent Crude Oil Trading Flat Ahead of OPEC Output Policy Decision - Yahoo Finance Oil prices post a modest gain after largest weekly slide since October - MarketWatch Crude Oil Price Outlook: Aiming for February Peak Ahead of US Retail Sales - DailyFX Posted: 15 Apr 2021 12:32 AM PDT Crude Oil, EIA Inventory Report, US Retail Sales and Industrial Production - Talking Points: Crude oil prices gained despite weakness on Wall Street The latest EIA inventory drawdown smashed expectations WTI could be setting up to revisit February peaks ahead Recommended by Daniel Dubrovsky How to Trade Oil Get My Guide Crude oil prices rose to the highest in almost a month despite a fairly

EIA expects crude oil prices to rise through April because of lower OPEC production - Hellenic Shipping News Worldwide

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EIA expects crude oil prices to rise through April because of lower OPEC production - Hellenic Shipping News Worldwide EIA expects crude oil prices to rise through April because of lower OPEC production - Hellenic Shipping News Worldwide Posted: 18 Mar 2021 12:00 AM PDT In its March Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects Brent crude oil prices will average $64 per barrel (b) in the second quarter of 2021 and then fall to less than $60/b through the end of 2022. Higher crude oil prices in March and April are primarily a result of lower crude oil production from members of the Organization of the Petroleum Exporting Countries (OPEC) and partner countries (OPEC+), as announced at their March 4 meeting. In February 2021, OPEC+ cuts, combined with supply disruptions in the United States, contributed to monthly global petroleum inventory withdrawals that EIA estimates totaled 3.7 million b/d, the l

Crude oil futures move higher on spot demand - Economic Times

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Crude oil futures move higher on spot demand - Economic Times Crude oil futures move higher on spot demand - Economic Times Posted: 01 Apr 2021 12:00 AM PDT NEW DELHI: Crude oil prices rose by Rs 22 to Rs 4,406 per barrel on Thursday as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 22, or 0.5 per cent, at Rs 4,406 per barrel in 5016 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude oil gained 1.22 per cent to USD 59.88 per barrel, while Brent crude traded 0.94 per cent lower at USD 63.54 per barrel in New York. You are subscribed to email updates from "crude oil spot,crude oil" - Google News . To stop receiving these emails, you may unsubscribe now . Email delivery powered by Google Google, 1600 Amphitheatre Parkway, Mountain

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${latestItem Crude Oil Price Forecast - Crude Oil Markets Rallied Again - FX Empire Posted: 29 Mar 2021 12:00 AM PDT WTI Crude Oil The West Texas Intermediate Crude Oil market has rallied a bit during the course of the trading session on Friday, reaching towards the $61 level. We also reached towards the previous uptrend line, and by the end of the week it looks like we are going to continue to chop back and forth and try to figure out where we are going next. After all, demand is probably dropping due to the European lockdowns, but at the same time we have the ship being grounded in the Suez Canal blocking off some of the world's crude oil supply. I think we continue to see a lot of noise, and quite frankly I am somewhat neutral at this point. Crude Oil Video 29.03.21 Brent Brent markets have rallied during the course of the trading session on Friday as we are going to continue to see a lot of noise. The previous uptre

OPEC Fast Facts - kuna noticias y kuna radio

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OPEC Fast Facts - kuna noticias y kuna radio OPEC Fast Facts - kuna noticias y kuna radio Posted: 11 Apr 2021 10:26 AM PDT Here's a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose of OPEC is to "coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry." OPEC members collectively supply about 39.03% of the world's crude oil production. Together, OPEC members control about 79.1% of the world's total proven crude reserves. OPEC member countries monitor the market and decide collectively to raise or lower oil production in order to maintain stable prices and supply. A unanimous vote is required on ra