Suspected Kamikaze Drone Strikes Oil Plant in Russia’s Rostov Region
(FT) A drone attack, has hit an oil refinery in the Rostov region, southern Russia. Fragments of two drones were found at the refinery, which caused a fire that ranged…
Oil Hovers Around $120 a Barrel as Saudi Arabia Hikes Prices More Than Expected
(Bloomberg) The West Texas Intermediate oil rose to almost $120 a barrel on Monday after Saudi Arabia surprised markets with higher-than-expected crude price increases. Saudi Arabia increased the price of…
Crude Prices Continue the Uptrend as EU Backs Ban on 90% of Russian Oil
(Twitter) US crude futures dated July rose more than 3.50% on Tuesday to reach $119.12, leading gains in oil markets after EU leaders agreed to ban 90% of Russian crude.…
Brent Crude Back to $120.50 as Supply Tightness Rattles Markets
(FT) The international oil benchmark, Brent crude, rose to a two-month high of $120.50 a barrel on Monday as markets warmed up for bottlenecks in the supply of the commodity.…
US Crude Stockpiles Fall by 1.0M Barrels, Imports Also Edge Lower
(EIA) The US reported a total of 419.8 million barrels of commercial crude oil inventories in the week ending May 20, a decline of 1.0 million barrels from the prior…
EIA Reports 3.4M Barrels Decline in US Crude Inventories
(EIA) The stockpiles of commercial crude oil in the US were 420.8 million barrels in the week that ended May 13, a decline of 3.4 million barrels from the previous…
US Crude Inventories Increased by 8.5M Barrels Last Week
(EIA) The US stockpiles of crude oil was at 424.2 million barrels in the week to May 6, an increase of 8.5 million barrels from the previous week. The increase…
US Crude Inventories Rose by 0.7M Barrels Last Week
(EIA) The stockpiles of US crude oil were 414.4 million barrels in the week to April 22, an increase of 0.7 million barrels from the previous week. The rise in…
Enphase Energy Soars 11% After Reporting a Record $441.3M Revenue in Q1 2022
(Enphase) Shares of Enphase Energy rose more than 11% after reporting record revenue of $441.3 million in the first quarter of 2022. Enphase said its gross margin was 40.1% in…
EIA Reports 8.0M Decline in US Crude Inventories
(EIA) The total crude oil stockpiles in the US was at an average of 413.7 million barrels in the week that ended April 15, down by 8.0 million barrels from…
Oil Traders to Shun Russian Oil From May 15 as Sanctions Mount – Reuters
(Reuters) Leading global trading houses will reportedly cut purchases of crude from Russia’s state-led oil companies from May 15. The reported move comes as the trading companies seek to comply…
EIA Reports a 9.4M Surge in US Crude Oil Inventories
(EIA) US stockpiles of crude inventories were 421.8 million barrels in the week that ended April 8, an increase of 9.4 million barrels from the previous week. The rising inventories…
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