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CENTCOM chief back in Israel amid fears of Iran, Hezbollah attack

CENTCOM chief back in Israel amid fears of Iran, Hezbollah attack

US Air Force F-22 Raptors arrived in the Middle East on Thursday as the Pentagon gears up to fend off an anticipated retaliatory attack by Iran and its proxies against Israel for the assassination of a top Hamas leader in Tehran last week. WASHINGTON — The top commander of US military forces in the Middle …

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Summary of Weekly Petroleum Data for the week ending August 2, 2024 U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending August 2, 2024, which was 252 thousand barrels per day more than the previous week’s average. Refineries operated at 90.5% of their operable capacity last week. Gasoline production increased last week, averaging 10.0 million barrels per day. Distillate fuel production increased last week, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.2 million barrels per day last week, decreased by 729 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.8 million barrels per day, 0.7% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 630 thousand barrels per day, and distillate fuel imports averaged 115 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 429.3 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. Total motor gasoline inventories increased by 1.3 million barrels from last week and are about 2% below the five year average for this time of year. Finished gasoline inventories increased, while blending components inventories decreased last week. Distillate fuel inventories increased by 0.9 million barrels last week and are about 6% below the five year average for this time of year. Propane/propylene inventories increased by 0.5 million barrels from last week and are 13% above the five year average for this time of year. Total commercial petroleum inventories increased by 1.2 million barrels last week. Total products supplied over the last four-week period averaged 20.3 million barrels a day, down by 2.0% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.1 million barrels a day, up by 1.5% from the same period last year. Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 2.2% from the same period last year. Jet fuel product supplied was down 1.2% compared with the same four-week period last year

Summary of Weekly Petroleum Data for the week ending August 2, 2024 U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending August 2, 2024, which was 252 thousand barrels per day more than the previous week’s average. Refineries operated at 90.5% of their operable capacity last week. Gasoline production increased last week, averaging 10.0 million barrels per day. Distillate fuel production increased last week, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.2 million barrels per day last week, decreased by 729 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.8 million barrels per day, 0.7% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 630 thousand barrels per day, and distillate fuel imports averaged 115 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 429.3 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. Total motor gasoline inventories increased by 1.3 million barrels from last week and are about 2% below the five year average for this time of year. Finished gasoline inventories increased, while blending components inventories decreased last week. Distillate fuel inventories increased by 0.9 million barrels last week and are about 6% below the five year average for this time of year. Propane/propylene inventories increased by 0.5 million barrels from last week and are 13% above the five year average for this time of year. Total commercial petroleum inventories increased by 1.2 million barrels last week. Total products supplied over the last four-week period averaged 20.3 million barrels a day, down by 2.0% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.1 million barrels a day, up by 1.5% from the same period last year. Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 2.2% from the same period last year. Jet fuel product supplied was down 1.2% compared with the same four-week period last year

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 429.3 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the …

Continue reading “Summary of Weekly Petroleum Data for the week ending August 2, 2024 U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending August 2, 2024, which was 252 thousand barrels per day more than the previous week’s average. Refineries operated at 90.5% of their operable capacity last week. Gasoline production increased last week, averaging 10.0 million barrels per day. Distillate fuel production increased last week, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.2 million barrels per day last week, decreased by 729 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.8 million barrels per day, 0.7% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 630 thousand barrels per day, and distillate fuel imports averaged 115 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 429.3 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. Total motor gasoline inventories increased by 1.3 million barrels from last week and are about 2% below the five year average for this time of year. Finished gasoline inventories increased, while blending components inventories decreased last week. Distillate fuel inventories increased by 0.9 million barrels last week and are about 6% below the five year average for this time of year. Propane/propylene inventories increased by 0.5 million barrels from last week and are 13% above the five year average for this time of year. Total commercial petroleum inventories increased by 1.2 million barrels last week. Total products supplied over the last four-week period averaged 20.3 million barrels a day, down by 2.0% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.1 million barrels a day, up by 1.5% from the same period last year. Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 2.2% from the same period last year. Jet fuel product supplied was down 1.2% compared with the same four-week period last year”

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Nasdaq 100’s rally over 400 pts on tech sell-of recoveryf

Nasdaq 100’s rally over 400 pts on tech sell-of recoveryf

Major stock market indexes in the United States extended their gains during Thursday’s session as the reported decrease in initial jobless claims and the possibility that the country might avoid a recession pushed traders toward investing. Numerous technological companies trading on the Nasdaq 100, such as ARM Holdings, ON Semiconductor, KLA Corporation, and Microchip Technology Inc., …

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JPMorgan Says Three Quarters of Global Carry Trades Now Unwound

JPMorgan Says Three Quarters of Global Carry Trades Now Unwound

Returns have fallen around 10% since May, Says JPMorgan Reiterates the clock is ticking for the G10 carry trade: Three-quarters of the global carry trade has now been removed, with a recent selloff erasing this year’s gains, according to JPMorgan Chase & Co. Returns in Group-of-10, emerging market and global carry trade baskets tracked by …

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War Enters New Phase as Ukraine Launches Offensive in Russian Territory

War Enters New Phase as Ukraine Launches Offensive in Russian Territory

A Ukrainian ground assault on Russian regions across the border continued on Wednesday for their second day, forcing Russia to evacuate residents from the Kursk region, sparking a backlash against President Vladimir Putin for failing to thwart the attacks. According to The Moscow TImes, this latest campaign by Ukraine is “larger in scale and more …

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Gallant: Conflict with Lebanon may escalate into war……. Israel strikes Hamas, PIJ arms production facility

Gallant: Conflict with Lebanon may escalate into war……. Israel strikes Hamas, PIJ arms production facility

Israel’s Defense Minister Yoav Gallant ensured on Wednesday that his country is ready to expand its operations against Lebanon if necessary, and warned that the current conflict with Lebanon-based Hezbollah “could also deteriorate into a state of war.” “This is not theoretical, it is real,” he told Israeli soldiers. Gallant further said that Hezbollah Secretary …

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Trump: Strategic Oil Reserves must be filled up ‘immediately’

Trump: Strategic Oil Reserves must be filled up ‘immediately’

Former United States President and Republican presidential nominee Donald Trump stressed on Wednesday that the country’s Strategic Oil Reserves have to be filled up “immediately.” Crude oil traded 1% higher on Wednesday as uncertainty over steady supply persisted in light of a possible Middle East conflict. In addition, the Libyan state oil company announced yesterday the production …

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