More pagers and other telecommunications devices exploded in Lebanon a day after 12 people were killed and thousands injured in a series of similar blasts. Several people were wounded on Wednesday in the Bekaa area east of Beirut and in a southern town, state-run National News Agency reported. The blasts took place after an audacious …
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.6 million barrels from the previous week. At 417.5 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the …
Continue reading “EIA Weekly Petroleum For September 13, 2024”
Oil consumers posted one of the largest hedging additions on record when prices briefly fell below $70 a barrel last week. The number of long contracts held by swap dealers on global benchmark Brent jumped by almost 50,000 lots last week, the most since March 2023 and the third-largest increase on record. For Europe’s diesel …
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Crude oil inventories in the United States rose by 1.96 million barrels for the week ending September 13, according to The American Petroleum Institute (API). Analysts had expected a 100,000-barrel drop. For the week prior, the API reported a 2.79-million-barrel decrease in crude inventories. So far this year, crude oil inventories are 10.9 million barrels …
TAIPEI, Taiwan (AP) — Taiwanese company Gold Apollo said Wednesday that it authorized its brand on the pagers that exploded in Lebanon and Syria but that another company based in Budapest manufactured them. Pagers used by the militant group Hezbollah exploded near-simultaneously Tuesday in Lebanon and Syria, killing at least nine people, including an 8-year-old girl, and …
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At least eight people were killed and some 2,750 others were injured Tuesday when the pagers used by Hezbollah members exploded across Lebanon in the most serious security breach targeting the Iran-backed militant group, according to Lebanese Health Minister Firas Abiad. Abiad said during a press conference that of the 2,750 wounded, 200 were in critical …
Continue reading “2,750 wounded when Hezbollah members’ pagers explode across Lebanon”
Lebanon’s acting Health Minister Firas Abiad said in a press conference on Tuesday that more than 2800 persons were wounded and 8 killed in a series of pager blasts across Lebanon. According to Abiad, a child was among those killed, confirming a previous statement by Hezbollah in which the militant organization called on the Lebanese to resist Israeli …
Israeli Prime Minister Benjamin Netanyahu could replace Israel Defense Forces (IDF) Chief of Staff Herzi Halevi (pictured), Israeli media reported on Tuesday. According to sources, Netanyahu agreed to appoint a different military leader in discussions with the potential new Defense Minister Gideon Sa’ar. Netanyahu is rumored to be planning to sack current Defense Minister Yoav Gallant and …
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Crude oil prices extended gains made at the start of the week as a significant portion of U.S. production capacity in the Gulf of Mexico remained shut-in, following Hurricane Francine. An additional driver for oil prices came from traders expecting inventory declines over the week to September 13. The American Petroleum Institute reports inventory estimated …
Continue reading “Oil Prices Extend Gains on U.S. Supply Concerns and Additional OPEC+ cuts”
Israeli Defense Minister Yoav Gallant said on Monday that only military action against Hezbollah can ensure the safe return of evacuated residents of northern Israel to their homes. Gallant made his remark during a meeting with United States President Joe Biden’s envoy Amos Hochstein who arrived in Israel on Monday to discuss the ongoing tensions …
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