White House press secretary Karine Jean-Pierre underlined on Wednesday at a press briefing that United States President Joe Biden’s decision to drop out of the 2024 presidential race wasn’t made in light of any health issues. While she didn’t want to elaborate further on the move, as Biden is set to speak on the matter later …
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Summary of Weekly Petroleum Data for the week ending July 19, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 436.5 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year U.S. crude …
The Islamic Resistance in Iraq, a Shiite militia group backed by Iran, announced a drone strike on the southern Israeli port city of Eilat, according to Al Jazeera Arabic. This group frequently collaborates with factions like Hezbollah and the Houthis in their clashes with Israel from Lebanon and Gaza. One such attack in Tel Aviv recently resulted …
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Harris has a history of prosecuting oil companies for environmental crimes and supports climate initiatives like the Green New Deal and a fracking ban. Harris could have difficulty winning votes in important energy-focused states swing-state like Pennsylvania. In the case of a Democratic presidency with Harris in the White House, the federal government will be …
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Crude oil inventories in the United States fell again this week, this time by 3.9 million barrels for the week ending July 19, according to The American Petroleum Institute (API). The reality was a far cry from analyst predictions which pegged the inventory move at a 700,000-barrel build for the week. For the week prior, …
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Crude oil inventories in the United States dropped by 3.9 million barrels in the week that ended July 19, private data from the American Petroleum Institute (API) showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly decreased by 1.6 million barrels. Gasoline stockpiles declined by 2.8 million barrels, while distillate inventories went down by 1.5 …
The Iran-backed Houthis are preparing to strike new sensitive targets in Israel and the region, according to sources from Yemen’s capital Sana’a quoted by the Lebanese Hezbollah-affiliated daily Al-Akhbar. Sources close to the Yemeni militia quoted by Al-Akhbar say that in response to the Israeli retaliatory strike on the Houthi-controlled Hodeida port in western Yemen …
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The prices of oil futures declined on Tuesday with traders waiting for the American Petroleum Institute’s (API) 4:30 report today. That will reveal the volume of oil stockpiles in the United States amid supply pressures in the limelight. Market participants were also looking ahead to the OPEC+ meeting set for August 1 and evaluating the …
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United States Secret Service Director Kimberly Cheatle (pictured) decided to step down from her position after the agency failed to prevent an attempted assassination of former President Donald Trump, ABC News reported on Monday citing sources with knowledge of the subject. More to come…
China’s Foreign Minister Wang Yi stated on Tuesday that 14 Palestinian factions reached an agreement on forming an “interim national reconciliation government” that would govern the Gaza Strip after the war, AFP reported. The 14 factions, including Hamas and Fatah, met in Beijing this week in a bid to reach reconciliation. Wang emphasized that the …
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