U.S. equity funds saw retail inflows for the second time in two months in latest week As U.S. stocks enjoy a year-end rally that has pushed the S&P 500 index SPX, +0.06% year-to-date gains above 29%, there are signs that individual investors are finally getting in on the action, and have been convinced equities are …
Oil prices tilted higher on Friday, trading around a three-month peak, after a report showed a bigger-than-expected decline in weekly U.S. stores of crude and its byproducts. The Energy Information Administration showed that U.S. crude supplies fell by 5.467 million barrels for the week ended Dec. 20. Analysts polled by S&P Global Platts had forecast …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.5 million barrels from the previous week. At 441.4 million barrels, U.S. crude oil inventories are about 2% above the five year average for this time of year. U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week …
Continue reading “EIA Weekly Petroleum Data for the week ending December 20, 2019”
TRIPOLI (Reuters) – Libya’s internationally recognized government has formally requested from Turkey “air, ground and sea” military support to fend off an offensive of eastern forces to take the capital Tripoli, a Tripoli official said on Thursday. Turkey’s President Tayyip Erdogan said earlier his country will send troops to Libya at the request of Tripoli …
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Guyana’s share of Liza crude to be sold to Shell’s unit First lifting in February, all cargoes to be loaded by mid-2020 Houston — Guyana’s government will sell the first three cargoes of the new Liza crude produced offshore Guyana to a trading arm of Shell on a Dated Brent basis, the country’s Department of …
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Crude oil prices edged slightly higher on Thursday after the Christmas holiday, as a weekly inventory report indicated a bigger-than-expected decline in stockpiles for oil. American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 7.9 million barrels for the week ended Dec. 20, according to sources. That was more than analysts’ …
CAIRO (Bloomberg) – Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output. The agreement allows “the resumption of oil production from the joint fields,” the Saudi energy ministry said on Twitter. The oil fields at the so-called neutral zone can produce as much …
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Militias also control some Syrian oil fields Illicit oil sales between 4,000 b/d and 10,000 b/d Trade highlights Iran’s entanglement in Iraq London — Iranian proxy militias are thought to be smuggling crude oil from western Iraq to Syria, picking up a lucrative business left behind by the Islamic State, according to witnesses and people …
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NEW YORK (Reuters) – Oil prices were little changed on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial U.S.-China trade deal would be signed soon. Brent crude LCOc1 settled up 25 cents, or 0.4%, at $66.39 after a day …
Continue reading “Oil steadies as Russia touts easing OPEC+ output”
The British pound traded lower on Monday in the aftermath of the Withdrawal Agreement vote which saw MPs approve Prime Minister Boris Johnson’s plan for the United Kingdom’s departure from the European Union. The planned withdrawal may put in danger England’s union with Scotland, which previously voted to remain in the bloc. The United Kingdom …