Tag

Inventories

All articles tagged with #inventories

business1 day ago•1 min saved

Oil markets wobble as Iran diplomacy meets U.S. strikes

Oil prices were mixed as investors weighed signs of progress in U.S.–Iran diplomacy against fresh U.S. self‑defense strikes in southern Iran. Brent climbed about 2% to $98.26 a barrel while July WTI futures fell roughly 5% to $91.73, with market nerves tied to Hormuz disruption and broader geopolitical risk. The U.S. said it conducted strikes on vessels and missile launch sites to protect troops. Trump’s messaging around the Abraham Accords and Iran talks added caution for traders. UBS warned of a tightening global oil market due to ongoing disruptions and falling on‑land stocks even as tanker storage rose as exports reroute to Asia, signaling undersupply amid persistent strains.

via CNBC|

#business #inventories #iran-us-relations

energy16 days ago•23 min saved

Oil Inventories Hit Low as Hormuz Turmoil Drains Market Cushion

Global oil inventories are collapsing as strategic and commercial stockpiles are drained to offset lost Middle East supply, and even if the Strait of Hormuz reopens it could take months to rebuild the cushion. Demand is already softening in Asia, jet-fuel and plastics feedstocks are tightening in Europe, and prices are rising, signaling a potential deeper, longer-lasting energy crisis if hostilities persist.

via Crude Oil Prices Today | OilPrice.com|

#energy #energy-markets #hormuz

business19 days ago•18 min saved

Oil Edges Higher as Iran Deal Doubts Persist and Hormuz Tensions Loom

Oil prices edged higher in early Asia trade, rebounding from a sharp selloff after reports suggested Washington and Tehran were nearing a framework, while ongoing disruptions in the Strait of Hormuz kept a bid under crude. Brent and WTI inched up as traders weigh the chances of a near‑term U.S.–Iran peace deal and watch for Iran’s response within 48 hours, supported by tighter US inventories and robust crude product exports.

via Crude Oil Prices Today | OilPrice.com|

#business #energy #hormuz

business21 days ago•7 min saved

Oil’s buffer erosion could trigger a sudden price spike as Hormuz stays closed

With the Strait of Hormuz closed, oil trades above $100 as stockpiles and floating storage cushion the market, but buffers are fading. Analysts warn inventories could reach operational floors by June, turning a gradual adjustment into a forced squeeze that could drive prices much higher, potentially to $150 a barrel, if the disruption persists.

via Financial Times|

#business #commodities #energy

energy2 months ago•23 min saved

Oil Markets Enter Fragile Phase as Buffers Vanish

After weeks of absorbing a record supply shock from the Strait of Hormuz, the oil market's buffers are largely exhausted, leaving the system fragile with constrained spare capacity and falling inventories; further disruptions could trigger disproportionate price moves, especially as European refiners compete with Asia for Atlantic Basin barrels, according to Rystad Energy.

via Crude Oil Prices Today | OilPrice.com|

#energy #inventories #oil-market

business3 months ago•3 min saved

Iran risk keeps oil buoyant as prices hover near six-month high

Oil prices hovered near six-month highs and were on track for their first weekly gain in three weeks as traders weighed potential US action against Iran and the risk of supply disruption via the Strait of Hormuz; a US Supreme Court ruling on tariffs had little market impact, while falling inventories and talks of renewed OPEC+ output underpin expectations of higher prices.

via Reuters|

#business #inventories #iran

energy3 months ago•17 min saved

Oil Edges Higher as U.S. Crude Stock Decline Outpaces Seasonal Demand

U.S. crude inventories fell 2.3 million barrels to 423.8 million for the week ending Jan. 24 per the EIA, about 3% below the five-year average, with API reporting a smaller draw a day earlier. Prices rose with Brent near $68.11/bbl and WTI around $63 as winter disruptions and geopolitical risk premiums supported markets. Gasoline stocks increased slightly, distillates rose modestly, and total products supplied (a demand proxy) climbed to 20.3 million b/d over four weeks, though year-over-year demand remained essentially flat-to-down.

via Crude Oil Prices Today | OilPrice.com|

#crude-oil #eia #energy

market-news3 months ago•14 min saved

Goldman Sees Silver Set for More Wild Swings on Inventory Crunch

Goldman Sachs says silver’s sharp moves are being amplified by unusually tight inventories and thinner liquidity—especially in London—raising the likelihood of persistent volatility near the $100/oz level as demand remains supported by geopolitics and lower U.S. rates.

via TipRanks|

#goldman-sachs #inventories #market-news

energy2 years ago•1 min saved

"Crude Oil Stocks Drop Sharply Ahead of OPEC+ Meeting"

The American Petroleum Institute (API) reported a significant draw of 6.490 million barrels in U.S. crude oil inventories for the week ending May 17, contrasting with the previous week's 2.48 million barrel increase. Gasoline inventories also fell by 452,000 barrels, while distillate inventories rose by 2.045 million barrels. Despite these changes, oil prices were trading down due to concerns over weak gasoline demand and economic data.

via OilPrice.com|

#api #crude-oil #distillates

business-and-economy2 years ago•1 min saved

"Oil Prices Dip as U.S. Fuel Inventory Surge Outweighs Crude Drawdown"

U.S. crude oil inventories experienced a significant draw of 7.418 million barrels, surpassing analyst predictions, while gasoline and distillate inventories saw substantial builds. Despite the draw in crude oil, overall inventories have built up over 13 million barrels in 2023. The Strategic Petroleum Reserve also increased slightly, and oil prices showed a slight decrease from the previous week. The data suggests a mixed picture for oil supply and demand dynamics.

via OilPrice.com|

##apireport #business-and-economy

energy2 years ago•1 min saved

Record-Breaking US Crude Production Surges to 13 Million Barrels

U.S. crude oil production reached a record high in August, surpassing pre-pandemic levels, with field production reaching 404.6 million barrels, averaging 13.05 million barrels per day. The largest increase in production was seen in PADD 4, while Texas, home to the Permian Basin, also experienced a slight increase. Despite the record-breaking production, crude oil inventories in the U.S. remain close to where they started the year. The number of active drilling rigs in the U.S. is still 350 fewer than pre-pandemic levels.

via OilPrice.com|

#drilling-reports #energy #energy-information-administration

energy2 years ago•3 min saved

Gas Prices Drop Despite Oil Volatility and Reach New Lows in Eastern Wisconsin

Despite oil prices nearing $90 a barrel, gas prices in the US are falling due to seasonal factors and lower demand. The national average cost of retail gasoline has decreased by $0.10 per gallon in the past week and is $0.30 lower than last month. The switch to a less expensive winter blend driving fuel and higher inventories compared to last year are contributing to the decline. Gas prices are expected to continue dropping until the end of the year, unless the ongoing Israel-Hamas war expands to include oil-producing nations in the region.

via Yahoo Finance|

#demand #energy #gas-prices

energy2 years ago•2 min saved

Rising Interest Rates Pose Threat to Oil Market Stability

The oil market is at risk of a major shock as high interest rates lead to a decrease in oil inventories, according to analyst Amrita Sen. The cost of storage has become expensive, forcing traders to dump inventories. This trend, caused by tightening monetary policy, is expected to result in the lowest commercial supplies in over a decade. Sen warns that the market is vulnerable to shocks and unexpected OPEC+ policy moves by the end of the year.

via Markets Insider|

#energy #interest-rates #inventories

energy3 years ago•1 min saved

Oil prices fluctuate amidst debt bill progress and inventory levels.

Oil prices stabilized as the US Federal Reserve hinted at a pause in interest rate hikes and the US House of Representatives passed a bill suspending the government's debt ceiling. However, rising inventories in the US, the world's biggest oil consumer, and mixed demand indications from China have weighed on the market. The OPEC+ producer group's June 4 meeting is also in focus, with uncertainty over whether further production cuts are likely.

via CNBC|

#energy #interest-rates #inventories

energy3 years ago•2 min saved

Oil Prices React to Tightening Market and Demand Concerns

Oil prices rose as estimates of continued drawdowns in US inventories and the International Energy Agency's bullish outlook for demand gave oil markets a boost. However, concerns over the health of the US economy and China's weaker-than-expected recovery are still weighing on oil markets. The IEA upgraded its global oil demand growth estimate after finding that China's recovery continues to exceed expectations, and that China's oil demand hit a record high of 16 million bpd in March 2023.

via OilPrice.com|

#china #energy #iea