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    BOSTON (CBS) — Gas prices are holding steady in Massachusetts. But analysts say they could start creeping up again later this month. The average price per gallon in the state is $2.74, the same as the previous week. It’s two cents lower than a month ago, but 77 cents higher than this time last year. READ MORE: 2 Dead After New Bedford Fire, Dozens Displaced Massachusetts gas prices are 13 cents lower than the national average of $2.86 a gallon. READ MORE: Can You Overdose On COVID Antibodies? Dr. Mallika Marshall Answers Your Vaccine Questions AAA said Monday that an increase in the coming weeks is possible. “Refinery utilization is nearly back to pre-pandemic levels, and with gasoline supplies increasing in the last month amid lower crude oil prices, motorists have benefited from mostly flat gas prices,” said Mary Maguire of AAA Northeast. “However, crude started to see some upward...
    It was probably his unhurried afternoon bourgeois voice at the Liceo de Barcelona. Or perhaps her shy smile as a student of Catalan Philology before she was confused by the collusion of the native independence movement. Perhaps it was that bearing of a girl, waiting for someone to invite her to dance in the Plaza del Diamante de Rodoreda. What is certain and certain is that now that I do not share a seat with her and I see her look like the president of the Parliament of Catalonia, I think that has left without saying goodbye, as Dorothy did between cyclones and storms to the Kingdom of Oz. Like Dorothy with her puppy Toto, Borràs landed in the east, airlift by means of, and must have crushed some witch, if TV3 does not say otherwise. The witch had to be Castilian and Spanish, which soon caused some orphaned...
    By Bozorgmehr Sharafedin LONDON, Mar 31 (.) – The oil market could balance out in the second half of 2021, despite coronavirus lockdowns in Europe and winter storms in the United States disrupting in March, market pricing structures showed of crude oil and petroleum products. Following sharp falls in oil inventories this year, the pace of inventory reductions slowed in recent weeks. This led OPEC and its allies, a group known as OPEC +, to lower their forecast for demand growth for 2021 by 300,000 barrels per day (bpd), to 5.6 million bpd. The current month’s spread for Brent is back in contango, a situation where the futures price of a commodity is higher than spot. This market structure encourages crude storage. Brent’s spread for May delivery versus June hit $ -0.11 on Wednesday, compared with nearly $ 1 in positive territory earlier in the month. Giovanni Staunovo, an analyst...
    In the early hours of March 23, the container ship Ever Given was diverted from its route by high winds as it crossed the Suez Canal. At 400 meters long, the Ever Given is longer than the canal is wide, and the ship got stuck between the two shores, completely blocking traffic. Dredgers, excavators and tugs worked frantically to free the vessel, which was eventually refloated on March 29. About 10% of world maritime trade passes through the canal, which allows ships to shorten the journey between Europe or the American east coast by several thousand kilometers on the one hand and Asia on the other, which represents a saving of nearly a week in travel time. Normally, around 50 ships pass through the canal every day, divided almost equally between bulk carriers, container ships (like Ever Given) and tankers. During the blockade, some shipping companies considered diverting their ships...
    California drivers got a bit of good fuel-price news: The cost of an average gallon of gasoline rose by the smallest amount in 12 weeks. The U.S. Energy Information Administration’s yardstick for reformulated regular gas as of March 29 was up just 1 cent in a week to $3.77. Fuel is $1.13 pricier since the pandemic era low of $2.64 last May. That’s a 43% increase. Last time higher? Nov. 18, 2019. Pump prices statewide have increased for 15 consecutive weeks after the fuel’s key ingredient, crude oil, soared in price. West Texas Intermediate, a U.S. benchmark for crude oil, is up 10% this year but it fell to $58 a barrel last week, off from 2021’s high of $66. These increases are a big change from when gasoline prices tumbled 21% in two months at one point last spring as pandemic “stay at home” restrictions cut travel and fuel...
    NEW YORK, Mar 30 (.) – Crude inventories rose and gasoline inventories fell in the past week in the United States, according to industry sources, citing data from the industry group American Petroleum Institute. * Crude stocks rose 3.9 million barrels in the week to March 26, compared to analysts’ estimates in a . poll of a 100,000-barrel rise, the sources said. * Gasoline inventories fell 6 million barrels, which compares with analysts’ forecast of a rise of 700,000 barrels. * Distillate stocks, which include diesel and heating oil, rose 2.6 million barrels against expectations of growth of 200,000 barrels. (Reporting by Laila Kearney; Edited in Spanish by Javier López)
    By Ahmad Ghaddar LONDON, March 30 (.) – Oil prices fell on Tuesday after the Suez Canal was reopened to traffic, drawing the markets’ attention to the OPEC + group meeting this week, which held it could agree to an extension of supply cuts amid bleak prospects for demand. * At 1019 GMT, Brent oil futures were down 32 cents, or 0.49%, at $ 64.67 a barrel. US crude WTI was down 44 cents, or 0.71%, at $ 61.13 a barrel. * Ships were moving through the Suez Canal on Tuesday, after shipping rescue teams were able to refloat the container ship Ever Given, which had been blocking a narrow section of the passage for almost a week, causing a huge traffic jam on the track. * As concerns about a physical supply shortage are dissipating, the market is now turning to Thursday’s meeting of the Organization of the Petroleum...
    A woman who claims she was sexually assaulted by Bill Clinton has blasted the former president for hosting a virtual seminar on empowering women.        Juanita Broaddrick, a former nurse, took to Twitter this week to slam the event hosted by the man she accused of raping her when she was working at a nursing home in Arkansas in 1978. 'Is this a f***ing joke? This pervert ........ who raped me....is going to talk about empowering women....with a woman who spread her legs for power....,' she tweeted Tuesday. Broaddrick, 78, was reacting to an announcement from the Clinton Foundation that the former president was scheduled to host the discussion for the 13th annual Clinton Global Initiative event on Friday.   Clinton was due to discuss 'the impact of the COVID-19 pandemic on women, and empowering women and girls in the U.S. and around the world' with Vice President Kamala Harris. Juanita...
    hello.com Daily horoscope: discover what the stars have in store for you this Friday, March 26 The Full Moon leads the astral movements that will take place this weekend, in which, also, Mars and Saturn will establish a connection, thus indicating that the signs of the Zodiac should pay attention to all the possibilities that arise. ARIES (March 21 – April 20) Do you really have to do this instead of the other? Is it true that if things are not given a certain order, it is best if they do not happen? The Full Moon will occur this weekend in a contrary sign. Which means that the cosmos is presenting you with a challenge, it is encouraging you to rethink what happened in the past. You know that things are done as usual, and that a new way of proceeding could arise from the case. However, if you do...
    The boat blocking the Suez Canal. (Photo: EFE) Since Tuesday, the 220,000-ton, 400-meter long container ship Ever Given has been blocking the Suez Canal, one of the main maritime arteries of world trade. Meanwhile, more than 150 ships remain stuck, complicating world trade and threatening to make maritime traffic and products imported from Asia more expensive. The Canal Authority announced this Thursday the suspension “temporarily” of traffic through this strategic waterway, which connects the Red Sea with the Mediterranean, until the vessel is able to refloat, which could take days, and even weeks. The Panamanian-flagged Japanese-owned cargo ship is loaded with containers and was stranded in the strait that divides continental Africa from the Sinai Peninsula due to strong winds with desert sand and poor visibility. This blockade threatens to weigh down global trade supply chains. Meanwhile, two of the largest container shipping companies in the world, the Danish Moller-Maersk...
    Wall street ended Wednesday in the red, the falls on the Nasdaq have been greater than 2%, while the oil companies, benefited by the oil rebound after an accident in the Suez Canal, one of the main arteries for world supply. The cautious optimism displayed on Tuesday by Jerome Powell and Janet Yellen is not being enough to convince investors, that already took profits near all-time highs this Tuesday- Both Powell and Yellen appeared again this Wednesday before the Senate Banking Committee, although his words have had less effect than in the previous day, because his speeches are the same. Analysts downplay the declines. Tom Lee of Fundstrat Global Advisors believes the sell-off was due to the readjustment of portfolios at the end of the quarter as superstitious investors took profits a year after the Covid crisis. The market is also very aware of the increase in coronavirus...
    Mar 24 (.) – US stocks of crude, gasoline and distillates rose in the past week, the government’s Energy Information Administration (EIA) reported on Wednesday. * Crude inventories grew 1.9 million barrels in the week to March 19 to 502.7 million barrels. Analysts polled by . expected a decline of 272,000 barrels. * Crude stocks at the Cushing, Oklahoma distribution center fell by 1.9 million barrels, the EIA added. * Refining increased by 956,000 barrels per day. The utilization rate increased by 5.5 percentage points. * Gasoline stocks rose 203,000 barrels to 232.3 million barrels. Analysts polled by . expected a rise of 1.2 million barrels. * Distillate inventories, which include heating oil and diesel, rose by 3.8 million barrels to 141.6 million barrels versus an expected decline of 122,000 barrels, the EIA report showed. * In the last week, net imports of crude oil in the United States grew...
    By Alex Lawler LONDON, Mar 24 (.) – Oil prices rose nearly 3% on Wednesday after a vessel ran aground in the Suez Canal, raising concerns about supplies, although gains were limited by fears of a slow recovery of fuel demand due to landfills in Europe. * Ships passing through the Suez Canal were being diverted to an old canal on Wednesday after a massive tanker ran aground, blocking the way for other ships on one of the world’s most important shipping lanes. * “The price support is a courtesy of the transport blockade,” said Stephen Brennock of the PVM consultancy. “Still, market confidence will probably have a hard time motivating itself in the face of the new pessimism.” * At 1015 GMT, Brent was up $ 1.78, or 2.91%, at $ 62.54 a barrel, after plummeting 5.9% the day before. * US West Texas Intermediate (WTI) futures were up...
    Americans who have been cooped up at home over the past year during the COVID-19 pandemic will likely pay $3 a gallon for gasoline when they emerge from lockdowns this summer and resume traveling, economists say. Motorists in the United States have not paid an average of $3 per gallon since 2014. As of Tuesday, drivers in California, Hawaii, Washington State, Nevada, Utah, Oregon, Alaska, Arizona, Illinois, Pennsylvania, and the District of Columbia were paying an average of more than $3 per gallon. California motorists are paying an eye-popping $3.88 per gallon - the highest rate in the country, according to the American Automobile Association.  ‘Three-dollar gas will be the norm by Memorial Day,’ Robert Yawger, director of energy futures at Mizuho Securities, told CNN. ‘We've been trapped inside for a year. People want to get out of the house.’ US gasoline prices rose to nearly $2.88 a gallon...
    hello.com To melt with love! Clara Alonso and her baby coordinate with her ‘new fashion uniform’ A few days before Christmas, the news reached us about Clara Alonso’s recent motherhood, just two weeks after she made her pregnancy public, as she kept it a secret for months. In the final stretch of her pregnancy, as a good trend expert, the Madrid top boasted the knitted dress that fascinated other well-known pregnant women such as Isabel Jiménez and Paula Echevarría. Now, she already enjoys her little one, whom she has called William, and does not hesitate to show her special connection with him on social networks, where she has also taught us her favorite style formula for her first months as a mother. We are talking about a comfortable style of a shearling jacket, leggings and sports that the Madrid model has not hesitated to repeat these past weeks. And if...
    Mar 19 (.) – Goldman Sachs sees the drop in oil prices as a buying opportunity and forecasts that Brent crude will hit $ 80 a barrel this summer, even as the recent market rally “takes a big breather.” . Oil prices are expected to fall around 9% this week, as growing concerns about weak demand in Europe and a strengthening dollar sent Brent crude futures down about 7% on Thursday. Brent topped $ 70 a barrel on March 8 for the first time since the COVID-19 pandemic began, but was trading at around $ 63.47 a barrel on Friday. However, despite the sharp drop in prices, Goldman expects a rapid market rebalancing in the coming months. The Wall Street bank said headwinds related to demand from the European Union and supply from Iran will slow the rebalancing of the oil market by 0.75 million barrels per day (bpd) in...
    VIDEO4:1704:17Energy tracks for its best quarter ever — What two traders are watchingTrading Nation Crude oil prices are on a path to highs not seen since 2014, according to one chart analyst. As the energy sector tracks for its best quarter on record with a year-to-date gain of nearly 40%, there's "clearly some upside" for oil prices as well, Piper Sandler's Craig Johnson told CNBC's "Trading Nation" on Friday. U.S. West Texas Intermediate crude prices slid half of 1% to around $65.60 a barrel on Friday. "I could actually see a number that could be north of 100 in the next, say, six to ... 12 months from here," said Johnson, his firm's senior technical research analyst. The Energy Select Sector SPDR Fund (XLE) is also showing signs of life after a difficult 2020, he said. "There is clearly a double bottom that has been made and even a higher...
    Técnicas Reunidas in the wake of the rise in crude oil Tecnicas Reunidas continues to benefit greatly from the rise in crude futures in international markets. Recovery is in sight, although not immediately, but cyclicality has been fully resurrected with oil as a backdrop: more global dynamism, more infrastructure. That is the vision that the investor is reading in the Spanish company, which after its framework agreement with Aramco and the new contracts, such as the one signed with Turkey in recent weeks, display their confidence with the value in the market. All on account of the rise of 35% of the barrel of Brent and 37% of West Texas so far this year. And even printing more force in the present in The benchmark barrel in Europe, the North Sea, has this week exceeded $ 70 a barrel, returning to May levels two years ago. With production still contained...
    By Bozorgmehr Sharafedin LONDON, Mar 10 (.) – Oil prices were stable on Wednesday, supported by OECD forecasts for global economic recovery and OPEC + production cuts, but rising stocks in the United States weighed heavily on the barrel. * The benchmark Brent fell 2 cents, or less than 0.1%, to $ 67.50 a barrel at 0943 GMT. Meanwhile, US crude West Texas Intermediate was up 11 cents, or 0.2%, at $ 64.12 a barrel. * Global economic prospects have improved thanks to accelerating COVID-19 vaccine distribution and the launch of a comprehensive new stimulus package in the United States, the OECD said on Tuesday, improving its forecast. * Prices were also supported by OPEC + ‘s decision to keep most of the cuts to pumping in April. But they remained pressured by other factors, such as major importers China and India pulling crude from their warehouses at current high...
    By Alex Lawler LONDON, Mar 9 (.) – Oil prices rose to $ 69 a barrel on Tuesday as investors turned their attention to the prospects for tighter supply due to OPEC + production restrictions and rising hopes of a recovery in demand. * Crude oil hit its highest level since the start of the pandemic on Monday after Yemen’s Houthi forces fired missiles at Saudi oil sites on Sunday. Saudi Arabia said it thwarted the attack and prices fell as fears about supply lessened. * Brent crude was up 78 cents, or 1.1%, to $ 69.02 as of 1014 GMT, after trading at a low of $ 67.61. US crude West Texas Intermediate (WTI) added 41 cents to $ 65.46. * “The declines have lately been viewed as buying opportunities,” said PVM’s Tamas Varga. “Last week’s OPEC + meeting will ensure that the global oil balance tightens for the...
    By Ahmad Ghaddar and Alex Lawler LONDON, Mar 5 (.) – The surprise decision this week by Saudi Arabia and other major oil producers to maintain production cuts despite rising crude prices was influenced by events in an unexpected place: Italy . About a year after the financial heart of that country became one of the first European places to go into lockdown to curb the spread of COVID-19, Milan faces restrictions again. “Take a look at what is happening in Milan today,” Saudi Energy Minister Prince Abdulaziz bin Salman Al-Saud said at a press conference after a meeting of OPEC and its allies on Thursday. “These things do not leave you with the idea of ​​venturing,” he added. The movement restrictions destroyed up to a fifth of oil demand last year and prompted OPEC and its allies, a group known as OPEC +, to make record production cuts. And...
    The Ibex is approaching the annual highs (8,439 points) after the strong rises of the past day and after leaving behind the resistance of 8,260 points. Both the Spanish selective and the rest of European places, like the American ones, advanced this Monday with enthusiasm and lived the best day since last June. In Asia, on the other hand, the red numbers dominated this morning while European futures fell 0.2% and US futures an average of 0.3%. Overnight, the Reserve Bank of Australia kept interest rates at 0.1%, meeting expectations. The Australian central bank has made it clear that it will not raise rates until inflation remains within its 2-3% target. In view of the recent rise in bond yields, the Central Bank of Australia wanted to make it clear that it will not tighten its policy in the short term. The values ​​of the tourism sector are...
    Environmentalists may have cheered when President Biden pulled the plug on the Keystone XL pipeline, but his decision is sparking concerns of a greater calamity down the tracks as the risks associated with transporting Canadian crude oil by rail start to pile up. "Biden is trying to be a 'green' hero, but if he truly cared about the environment, he would have left the pipeline in place," South Dakota resident Pete Nestle told the Washington Examiner. "It's a hell of a lot more dangerous to move oil by rail. It isn't rocket science. What he did was purely political." As one of his first acts in office, Biden revoked a key permit for the cross-border venture with Canada. If the plans had stayed in place, the Keystone XL pipeline would have carried Canadian crude oil from Alberta and Steele City, Nebraska. The pipeline would have connected two points...
    Crude advances and the market remains attentive to OPEC meeting
    Good perspectives on the oil price for this 2021. In recent days there has been a general increase in the forecasts that various firms such as Bank of America (BofA), Goldman Sachs or Morgan Stanley They do about ‘black gold’. In fact, oil has won the favor of experts, who now believe that it can reach $ 70 throughout the year. “Prices have been ahead of our expectations,” say BofA’s commodity strategists, who have raised their forecast on the average price of a barrel of Brent type, the benchmark in Europe, for this year. They believe it will be around $ 60, up from the previous estimate of $ 50. And they add: “Also we believe prices could temporarily rise to $ 70 in the second quarter of 2021“. Why is this improvement? Very easy. Bank of America says that the change in expectations is closely related to the...
    By Rania El Gamal DUBAI (Reuters) - Saudi Arabia's Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face of the 1973 oil embargo that brought the West to its knees, has died. Yamani was a witness to the 1975 murder of the Saudi king who had plucked him, a non-royal, from obscurity to be oil minister. Later the same year Yamani was kidnapped at an OPEC meeting by Ilyich Ramirez Sanchez, known as Carlos the Jackal. Yamani, 91, died in London, Saudi state media reported on Tuesday. Known for his elegant manner and trademark goatee beard, Yamani's 24-year tenure running the oil affairs of the world's biggest crude producer made him a global celebrity during the inflationary "oil shocks" of the 1970s. That ended with his abrupt sacking in 1986 after a costly attempt to prop up crude prices, a failed strategy which has...
    Bloomberg Technology drags Nasdaq 100 to three-week low (Bloomberg) – Tech stocks tumbled on valuation concerns as commodities rallied and bond yields rose as investors saw stronger growth and faster inflation amid an economy recovery Here are some of the major moves in the markets: Stocks The S&P 500 Index was down 0.8% at 4 p.m. New York time, The Stoxx Europe 600 Index fell 0.4%, The MSCI Asia Pacific Index lost 0, 8% .MSCI Emerging Markets Index down 2.2% .CurrenciesBloomberg Dollar Spot Index fell 0.1% .Euro advanced 0.3% to $ 1.2156. Sterling advanced 0.3% to $ 1 4,062. Japanese yen rose 0.4% to 105.07 per dollar Bonds 10-year Treasury yield rose three basis points to 1.36%. German 10-year bond yield fell three The yield on UK 10-year bonds fell two basis points to 0.68% .Produc Basics West Texas Intermediate crude rose 3.8% to $ 61.49 a barrel. Gold strengthened...
    US crude inventories fall sharply in the last week: EIA
    Earthquake in Japan affects 20% of the country’s crude refining capacity
    Oil prices rose to their highest level in more than a year on Monday after the Saudi-led coalition fighting in Yemen said it has intercepted an explosives-laden drone fired by the Houthi group, aligned with Iran, which it raises fears of new tensions in the Middle East. Hopes for the approval of economic stimulus by the United States and the relaxation of closures caused by the coronavirus also contribute to the increases, after prices will gain about 5% last week. Brent crude rose 1.47% to $ 63.34 a barrel after hitting a session high at $ 63.44, the highest since January 22 2020. West Texas advanced 1.3% to $ 60.25. At the beginning of the session, the barrel reached its highest level since January the 8th last year, at $ 60.77. The Saudi-led coalition fighting in Yemen said late on Sunday that it intercepted and destroyed an explosives-laden drone...
    Bloomberg Oil rebounds due to cold wave in Texas that affects production (Bloomberg) – Oil rose to a 13-month high due to the cold snap in Texas that disrupted flows from the largest patch of shale in the United States, exposing the fragility of global supplies amid the Sharp cuts by OPEC and its allies. US West Texas Intermediate crude futures rose as much as 2.5% to climb above US $ 60 a barrel for the first time since January last year. Brent crude in London, meanwhile, rose above $ 63. Production in the Permian Basin has declined to 1 million barrels per day as temperatures drop to -18 ° C in Midland, Texas, the de facto capital of shale production in the US, according to the National Weather Service. The Arctic wave hitting the U.S. threatens to hurt crude supplies and spark a race for everything from propane to...
    THE Grand Tour's James May has hit back at a fan after they made a crude comment about his manhood. The presenter, 58, was part of a supporter's very vivid dream which they shared with the world on Twitter. 4James May provided fans with a hilarious tweetCredit: Dan Jones - The Sun The user explained the bizarre dream involving James, penning: "You know when you have a BAD sexual dream about someone? and just cause of that everything feels f*****g horrible? "Yeah I can’t watch James May on Top Gear anymore. walked in on him and one of my friends. cheers James May." Not long after she perhaps gave too much information when she added: "Also like nice peen james may. impressed.” The former Top Gear presenter saw the messages and provided a witty response as he joked: "I’m afraid it was only a dream." 4James May gave a hilarious...
    EFE Latam Videos Toyota’s net profit falls 14% in April-December due to the pandemic Tokyo, Feb 10 (EFE) .- Toyota Motor saw its net profit fall by 14.1% between April and December 2020, to 1.47 trillion yen (11,590 million euros), due to the pandemic, although the rebound of its sales in the last quarter of the year allowed the Japanese automobile group to improve its forecasts for the entire current year. According to the results corresponding to the first nine months of the fiscal year in Japan, the largest Japanese manufacturer in the automotive sector obtained an operating profit of 1.51 trillion yen (11,906 million euros) by sales volume, 26.1 % less than in the same period of the previous year. Its sales turnover was 19.52 trillion yen (153,915 million euros), 15% less than the previous year, mainly due to the decline in global demand due to the coronavirus health...
    The average price of gasoline across South Central Ohio is seven cents higher this week at $2.445 per gallon, according to AAA East Central’s Gas Price Report. This week’s average prices: South Central Ohio Average: $2.445 Average price during the week of February 1, 2021 $2.370 Average price during the week of February 10, 2020 $2.340 The average price of unleaded self-serve gasoline in various areas: $2.490 Athens $2.423 Chillicothe $2.390 Columbiana $2.442 East Liverpool $2.498 Gallipolis $2.237 Hillsboro $2.497 Ironton $2.486 Jackson $2.435 Logan $2.493 Marietta $2.479 Portsmouth $2.484 Steubenville $2.411 Washington Court House $2.466 Waverly At $2.46, the national gas price average is more expensive on the week (+4 cents), the month (+16 cents) and the year (+2 cents). This past Saturday, February 6, was the first time in 340 days the national average was more expensive than a year ago. Today, nearly two-thirds of all state gas...
    VIDEO3:3403:34As oil prices hit one-year highs, analysts share how to trade airline stocksTrading Nation Rising oil prices could add more pain for the beaten-down airline industry. West Texas Intermediate crude touched highs not seen since January 2020, setting airlines up for a quandary — absorb that cost or pass it on to a consumer already wary of flying during a pandemic. Add that to the industry's list of headwinds, Washington Crossing Advisors portfolio manager Chad Morganlander told CNBC's "Trading Nation" on Wednesday. "This is just one of a litany of concerns when it comes to the airline industry. We would avoid these companies and that group," he said. "We believe that these companies have way too much debt. They have high embedded costs structures, making them less flexible and less profitable when you have the situations like oil going higher." The airlines are still well off their pre-pandemic highs even...
    RICHARD Hammond made a VERY crude joke about Jeremy Clarkson in hilarious bloopers from The Great Escapists. The Grand Tour co-host has joined forces with Mythbusters Tory Belleci for a new survival series on Amazon Prime Video. 8Richard Hammond made a crude joke about Jeremy Clarkson in the bloopers from The Great Escapists Richard, 51, is shipwrecked on a desert island with Tory, and the pair not only have to survive but create a 'paradise island'. Each episode sees them take on huge feats of engineering as they work with the materials from the shipwreck and what they find on the island, but as this exclusive X-Ray clip reveals, things didn't always go to plan. As well as struggling to make suitable rafts and gadgets, Richard is also seen making a crude joke about his Grand Tour co-host Jeremy in one behind-the-scenes blooper. Richard and Tory...
    Doomsday Clock at 100 seconds to midnight — perilously close to catastrophe Kristen Stewart transforms into Princess Diana: See photos in first look for new film Spencer Oil Rebounds After U.S. Supplies Tumble the Most Since July (Bloomberg) -- Oil surged as U.S. crude stockpiles shrunk and exports rebounded in the wake of global supply cuts. Load Error Futures erased losses on Wednesday in New York after a U.S. government report showed domestic crude inventories dropped nearly 10 million barrels last week, the biggest decline since July. At the same time, U.S. crude exports increased by the most in five months, while imports slid for a second straight week. Supplies are seen declining outside of the U.S., with Saudi Arabia and Iraq planning to throttle back production next month as the OPEC+ coalition seeks to shore up prices against resurgent virus infections and new lockdowns. OPEC Secretary General...
            by Jordan McGillis    Among many executive actions signed on Inauguration Day to sweep Trump policies out the door along with the man himself, President Biden rescinded approval for the Keystone XL oil pipeline. Keystone XL, according to Biden’s top climate policy adviser Gina McCarthy, “was not consistent with addressing the climate crisis to the depth and scope that we are planning to address it.” Keystone XL has now played the role of political football for a full decade, and Americans can be forgiven for having forgotten the project’s details. Keystone XL is a pipeline to move heavy crude from the Canadian province of Alberta to refineries on the Gulf Coast. The Keystone system, not to be confused with the Dakota Access Pipeline of 2016 protest notoriety, transits in a generally north-to-south direction through the Great Plains. At Steele City, Nebraska, the system branches, with one portion moving...
    Oil reserves in the United States increased significantly after five weeks of decline, contrary to expectations by analysts, and crude prices fell back on Friday Miami World/ Las Américas newspaper According to the weekly report of the US Energy Information Agency (EIA), commercial crude oil reserves increased by 4.4 million barrels (mb) in the week ending January 15 compared to the previous week. Analysts had expected a decrease of 1,675 mb. Oil prices fell when this report was released, in a market that is watching with concern the signs of a return of the coronavirus to China. A barrel of North Sea Brent for March delivery fell 1.23% to $ 55.41 in London. And the barrel of WTI for the same month fell 1.62%, to 52.27 dollars in New York. “The number of COVID-19 cases in China is the main concern for investors in terms of demand,” summed up Stephen...
    The Geneva-based trading company, its employer, and a resident of Ticino were backed by the United States this week for violating a U.S. embargo on Venezuela. Advertising Washington. The five “key players” on the list of 23 individuals, companies or other vessels approved by the U.S. Treasury Department (OFAC) on Tuesday are the Swiss trade group, its administrator Philip Abigail, and Alessandro Pasoni, who lives in Lugano. Those on the list are barred from doing business with companies in the United States. Washington believes PDVSA, a Venezuelan state-owned company, has helped sell its crude oil, especially in Asia, despite the ban against the South American nation. Trading in Switzerland is said to have acted as a fund recipient, or company, to obtain a commodity oil, especially for crude exports negotiated by a Maltese company, Elemento. Swiss team may have provided material, financial or financial assistance to PTVSA, Worth it OFAC....
    Bloomberg Biden Revokes Keystone XL Pipeline Permit to Cross U.S. Border (Bloomberg) — Joe Biden canceled the Keystone XL oil pipeline hours after becoming president, killing once again a cross-border project that had won a four-year reprieve under his Republican predecessor, Donald Trump.In one of his first major environmental actions, Biden on Wednesday revoked TC Energy Corp.’s pipeline permit, according to a person familiar with the orders Biden signed.The move brings Keystone’s fate full circle, repeating a decision made in 2015 by President Barack Obama to keep the pipeline from crossing the border. Trump reversed that in 2017 on his fourth full day in office over the objections of environmental groups.TC Energy said it was “disappointed” and would suspend work on the project, leading to the layoff of thousands of workers. The decision overturns “an unprecedented, comprehensive regulatory process that lasted more than a decade and repeatedly concluded the pipeline...
    Oil-Barrel falls after unexpected increase in crude inventories in the US
    President Joe Biden is reportedly set to rescind approval for construction to be completed on the Keystone XL Pipeline, but the environmental impacts cited as justification are highly disputed.  Biden is sticking to his campaign trail word and cancelling the final leg of construction on the massive project, which runs from Alberta, Canada to Texas, as first reported by the CBC. The move is part of a slate of day one executive orders to address climate change, which also includes rejoining the Paris Climate Accords and halting oil and gas leasing from Alaska’s Arctic National Wildlife Refuge.  The construction—or the nixing—of Keystone XL substantially affects a number of key political issues in the United States. At stake in the decision are thousands of jobs, the efficiency and logistics of America’s energy sector, and environmental concerns. (RELATED: Biden To Sign Record Number Of Executive Orders) By including the order in his...
    . The profitability of housing in Spain rises despite the pandemic Jan 19 (.) – The return obtained by investors who put their money in the Spanish housing sector stood at 6.8% in 2020, slightly above the 6.6% of 2019, despite a difficult environment in some market segments and geographies due to the COVID-19 pandemic. According to the study “The profitability of housing in Spain in 2020”, based on the analysis of housing prices for sale and rent in December 2020 by In the Fotocasa portal, the profitability of 2020 is more than four points higher than the 4.3% of the end of 2010, when Spanish real estate was mired in a deep crisis, and is the highest in ten years.
    VIDEO1:3601:36U.S. role in oil markets will 'always' be important: UAE energy ministerCapital Connection The U.S. will always play an important role in global energy markets, even though President-elect Joe Biden is likely to be less vocal than President Donald Trump about oil, the UAE's energy minister told CNBC ahead of Inauguration Day. "The United States of America is a major player now … with its production, with the fact that this industry that has been developed through shale oil and gas has created lots of jobs and created an economy by itself," said Suhail al-Mazrouei. That won't change under a new U.S. president who is expected to focus more on renewable energy and less on oil, he said.Whether President Biden and the new administration [will] be vocal on Twitter or not … the role of the United States will be always important.Suhail al-MazroueiUAE energy ministerPresident Trump used to post on...
    Bloomberg Trump to wish Biden success in his farewell speech (Bloomberg) – US President Donald Trump will publicly wish President-elect Joe Biden’s Administration success in a farewell speech he will deliver on Wednesday, an unusual gesture of goodwill toward his successor. week we inaugurate a new Administration, and let us pray for its success so that the United States remains a safe and prosperous place, “Trump will say, according to excerpts published by the White House. Trump never acknowledged defeat in the November elections and his false Allegations of voter fraud culminated in the Jan. 6 demonstrations on Capitol Hill, where five people were killed, including a police officer. “All Americans were horrified by the attack on our Capitol,” he will say, according to the excerpts. “Political violence is an attack on everything we value as Americans. It can never be tolerated. ”Trump has rarely acknowledged that Biden will take...
    PETROLEUM-Crude oil falls due to confinements in China and employment data in the US that temper gains
    hello.com Morella, a medieval jewel with a black diamond Morella is a surprise in the mountainous region of Els Ports. You only have to see it from afar, with its silhouette set on top of a limestone hill, surrounded by a wall of two and a half kilometers and surmounted by a fortress. Seen like this, it has the appearance of an inaccessible place, but once at the gates of its stone belt, seven doors invite us to enter it. In the winter months, the surprise has more to do with the palate, when in the restaurants of this town in the province of Castellón we can enjoy the exquisite black truffle that is collected in its environment, they call it «the black diamond». VIEW GALLERY With a fortress coveted since ancient times by warriors, nobles and even by the Cid Campeador, this medieval city today is “attacked” in another...
    SAN FRANCISCO (CBS SF/AP) — For those not working remotely, the cost of commuting in the San Francisco Bay Area continues to soar as the price of a gallon of gas has become more expensive than anywhere else in the country including Hawaii, according to Industry analyst Trilby Lundberg of the Lundberg Survey. According to Lundberg, the average U.S. price of regular-grade gasoline jumped 9 cents a gallon over the past three weeks to $2.35. Still the price is 30 cents less than it was a year ago. While that is good news for commuters across the country, Lundberg has bad news for San Francisco commuters where the price of a gallon of regular unleaded gas was $3.40. That’s the highest in the nation. The lowest average was $1.90 in Baton Rouge, Louisiana. While the average price of diesel spiked 7 cents over the past three weeks to $2.65. According...
    Detroit Lions center Frank Ragnow played with fractured throat How to prepare for working past retirement Crude’s Rally Is Costing U.S. Drivers at the Pump (Bloomberg) -- U.S. drivers are facing the highest pump prices in two months, a consequence of the costlier crude oil used to make the fuel. Domestic retail gasoline averaged $2.19 a gallon on Wednesday, up about 5 cents so far this month, according to auto club AAA. Crude is the culprit. Benchmark futures in the U.S. are the most expensive in months, following a rally fueled in part by optimism around the impending circulation of Covid-19 vaccines. And the price of oil may rise further, hurting U.S. drivers. Banks, such as RBC, suggest a strengthening physical market and improving consumption in China, have also helped boost prices recently. © Bloomberg Gasoline prices rise through December The crude needed to produce gasoline “is climbing due...
    Never mind the political messenger: When it comes to COVID-19 guidance, trust the message, experts say First look: Puzzle game Maquette puts a new spin on the classic love story Oil prices fall back as lower OPEC demand outlook offsets support from the U.S. vaccine rollout © Agence France-Presse/Getty Images FUTURES MOVERS Load Error Oil futures fell on Monday, as a lower demand outlook from OPEC outweighed earlier support from the potential economic lift from the rollout of the COVID-19 vaccine in the U.S. The Organization of the Petroleum Exporting Countries lowered its oil-demand estimate, and that led to selling, said Phil Flynn, senior markets analyst at The Price Futures Group. In a monthly report Monday, OPEC cut its forecast for 2021 oil-demand growth. It cited “uncertainty surrounding the impact of COVID-19 and the labor market” on the outlook for transportation fuel in developed economies during the...
    Pfizers COVID-19 vaccine finally reaches its last step: FDA committee vote. Most vaccines never get that far. As Senate runoffs draw near, Pompeo warns Georgia students of Chinese influence on U.S. campuses How oil prices — and the Dow — signal confidence in a ‘normal’ economic recovery from COVID chaos © Getty Images THE TELL Load Error Don’t let the green energy revolution fool you into thinking crude oil prices don’t have something to say about the economic outlook. So cautions Nicholas Colas, co-founder of DataTrek Research, in a Tuesday note that takes a close look at oil market fluctuations and how they stack up versus past economic cycles. Colas noted data from the U.S. Energy Information Administration showing that the world consumed an estimated 96 million barrels a day of petroleum and liquid fuels in November 2020. While that’s down 6 million barrels a day from November 2019,...
    Sofía Aragón said that during her preparation for Miss Universe, Lupita Jones’s Universal Mexican organization did not pay for her expenses. He had to use all his savings, and there came a time when he did not have money to eat, or to go to the doctor (Video: IG. @Sofaragon) In a live video of almost 30 minutes, Sofia Aragon, current beauty queen of Mexico, and second finalist of Miss Universe in 2019, broke the silence and revealed to his more than 545,000 followers the “symbolic violence” suffered during his preparation for the world competition, and the null support he received from the organization and Lupita jones, who was Miss Universe in 1991, and founded Mexicana Universal. In the first minutes of the broadcast, the model originally from Jalisco assured that she never wanted to talk about the subject before because she does not like...
    A Canadian farmer trimmed his field into the shape of a giant penis that can be seen on Google Maps, which collects imagery with satellites more than 22,000 miles above the surface. Prince Edward Island resident Jamie Rix originally cut his soybeans into a crop circle about a year and a half ago.  After he added a straight line so he could drive directly down the field, a friend dared him to turn it into 'a giant Johnson.' 'I said, 'Why not,'' Rix told the CBC. ''Challenge accepted,' and away I went.' The 800-foot phallus is something of a protest against government inaction, Rix added, which is why it points toward Ottawa, Canada's capital. Scroll down for video Jamie Rix says he carved his soybean crop in the shape of a penis in part as a dare, and part as a protest against the government. The 800-foot phallus points...
    By Ahmad Ghaddar LONDON, Nov 10 (.) – Crude prices rose on Tuesday as hopes that the COVID-19 vaccine may be on the horizon offset the expected negative impact on fuel demand from new lockdowns to curb the virus. * At 1053 GMT, Brent international benchmark crude futures were up 65 cents, or 1.63%, at $ 43.09 a barrel, while US West Texas Intermediate (WTI) futures were up 60 cents, or 1.49% to $ 40.89 a barrel. * Both contracts soared 8% on Monday, their biggest daily gains in more than five months, after labs Pfizer and BioNTech said their experimental treatment against COVID-19 was more than 90% effective, according to results. initials of your essays. * “A viable vaccine is undoubtedly a tipping point for crude, a market where half of the demand comes from the movement of people and things,” JP Morgan said in...
    The following is an excerpt from 50 Things They Don’t Want You to Know About Trump, the new book by Breitbart News Entertainment Editor Jerome Hudson. 50 Things They Don’t Want You to Know About Trump is available for purchase here. The excerpt is from pages 151-155. The Trump administration has championed the responsible cultivation of America’s plentiful energy resources, including oil and natural gas. The president’s policy positions, as such, have been geared toward expanding oil drilling and natural gas exploitation as a means to boost the country’s economy, save Americans money through lower energy prices, and increase America’s national security through reduced dependence on foreign oil. Much of America’s energy boom during Trump’s tenure can be attributed to his stated strategy of “energy dominance.” The White House’s Council of Economic Advisors (CEA) 2020 report found that in 2017 the United States became a net exporter of natural gas. It was...
    The Cameron Peak Fire in Colorado is the largest in states history This Popular Herb Is Being Recalled in All 50 States OPEC’s Ever-Deteriorating View of the Oil Market (Bloomberg) -- Every time the Organization of Petroleum Exporting Countries assesses the short-term outlook for the oil market, it gets just a little bit bleaker. The group’s own numbers are piling pressure on its members and their allies in the so-called OPEC+ coalition to delay or water down output cuts originally planned for January. Load Error The world now needs anywhere between about 600,000 and 2.2 million barrels a day less crude from OPEC countries through the end of 2021 to balance supply and demand than was thought necessary three months ago, according to the latest monthly reports from OPEC, the International Energy Agency and the U.S. Energy Information Administration. Of the three, OPEC is the most pessimistic. The chart below shows how...
    Before certain events of last Friday, this year’s first and only vice presidential debate might have been politely described as the least anticipated event of 2020, notwithstanding the release of a new Bright Eyes album. There are good reasons for this, which are worth discussing, as a nation now prepares to turn its lonely eyes to Michael Pence. The vice president is, surprisingly, one would think, given his ostensibly straight-shooting style, among the least understood figures in American politics. This is true not least of all among liberals, many of whom appear to be under the impression that Pence would have a better chance at the top of the GOP ticket than his boss. The argument, if I understand it correctly, is that the Republican product — lower taxes, repealing the Affordable Care Act — would sell better with different packaging. This is totally wrong. It is the same absurd...
    THE Boys' latest episode contained full-frontal male nudity - with a superhero twist. In episode six of the Amazon Prime series, the gang were tipped off by Starlight to visit the Sage Grove Hospital. The best thrillers on Netflix The most terrifying horrors on Netflix The best true crime series on Netflix 5Mother's Milk is played by Laz AlonsoCredit: AMAZON PRIME t turns out the institution was testing Compound V - the chemical responsible for manifesting super powers in its specimens - on an array of adults. The results are distrubing - with many of the test subjects disgifured and traumatised by the medical trials. In fact, the results were so disastrous that Lamplight decided to torch the facility - and everyone inside - to remove all traces of the experiments. However, the before the inferno took hold, Butcher's crew faced off against one particularly grotesque threat. 5Lamplight...
    US coronavirus: Study says Covid-19 may have arrived in December Americas best hole-in-the-wall fried chicken joints Expect More Venezuelas in the Post-Peak Oil Era (Bloomberg Opinion) -- One of the world’s largest energy companies says the era of oil demand growth is dead; a key OPEC producer flouts supply cuts that have rebalanced the crude market; the country with the largest reserves turns pipelines into scrap to upgrade crumbling refineries. Load Error The three events aren’t unconnected. The future of declining oil demand forecast in BP Plc’s latest energy outlook is one in which lower-cost exporters may opt to quietly flood the market, as the United Arab Emirates now appears to be doing. That will drive out production from higher-cost nations in brutal fashion. Those that aren’t able to diversify in time face economic collapse, not unlike the one now forcing Venezuela to cannibalize its own infrastructure to keep the barrels flowing. To see why,...
    List of college football players opting out of the 2020 season Three Things to Consider Before Buying a Backyard Trampoline Hedge funds axe their bullish bets on crude oil at the fastest pace in 6 months, and OPEC sees demand taking even longer to recover © NurPhoto/Getty NurPhoto/Getty Hedge funds have cut their bullish bets on crude oil futures in the week to September 8 at the fastest pace since mid-March. Investors sold 171 million barrels' worth of crude and refined products, reflecting stalling demand, with Brent accounting for 67 million barrels and West Texas Intermediate for 57 million barrels. The Organization of Petroleum Exporting Countries slashed its forecast for global oil demand by 400,000 barrels a day to an average of 90 million barrels per day in 2020. A second wave of COVID-19 cases and scattered lockdowns have once again darkened the prospects for demand, making investors...
    Its how you finish: Serena Williams into Open semifinals 8 Items You Still Can’t Find in Stores (and Won’t for a While) Why Keeping Oil in the Ground May Be the Only Option to Low Crude Prices According to a report Wednesday from S&P Global Platts, the Organization of the Petroleum Exporting Countries (OPEC) pumped 24.37 million barrels of oil a day in August, an increase of 4% compared to July production. The cartel's nine partners, including Russia, pumped 12.67 million barrels a day in August, an increase of 6%. After reaching an agreement in May to cut 9.7 million barrels a day from production through July, the cartel and its partners (aka, OPEC+) agreed to reduce the cut by 2 million barrels a day beginning in August. According to Platts, the coalition achieved 97% compliance with the August target. The 7.7 million barrel cut is set to slip...
    THE Boys returned for its second season last week, with a new arrival sending shockwaves, sometimes literally, through The Seven. Stormfront, played by Aya Cash, wasted no times shaking things up upon her arrival as a member of Vought's most prestigious superhero team. The best thrillers on Netflix The most terrifying horrors on Netflix The best true crime series on Netflix 5Aya Cash plays new member of The Seven Stormfront No doubt causing nightmares for her PR team, the lightning maestro wasted no time live-streaming personal conversations and making fun of journalists during her promotional work. She left Starlight stunned after boldly proclaiming her skimpy outfit meant she could "see her uterus" as she went about fighting crime. When Starlight confronted Stormfront about the comment she was promptly dismissed, much to her frustration. Now Cash has spoken out about the tension between the two femme fatales. Starlight is...
    London (CNN Business)The coronavirus pandemic is upending the energy industry and pushing its top players to make big changes. That includes Saudi Aramco, the world's largest and most profitable oil producer.The dramatic crash in prices this year is weighing on Saudi Arabia's state oil giant, which relies on pumping crude to generate the cash it needs to pay dividends to investors and finance a big chunk of government spending.Saudi oil shipments to America plunge to 35-year lowNow, Aramco may be forced to do what was once unthinkable: abandon deals and sell assets. First on the block could be its plan to build a network of refineries in the world's biggest markets in a bid to extract more value from each barrel of crude it pumps.Deals to get into the refining business in China and India — two of the world's biggest energy consumers — appear to have been put on...
    Huyangshu | Getty Images Oil prices are likely to continue creeping up simply due to a weak dollar, an analyst said on Thursday. "As far as fundamentals are concerned, there is really not much to move oil around either way, which is why we have seen it pretty range bound, but within that continuing to grind higher because of a weaker dollar," said Vandana Hari, founder of Vanda Insights, an energy consultancy. "That's been the only support, I would say." Like most commodities traded internationally, oil is denominated in dollars, so a weaker greenback lends support to prices. In March, a futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history as demand collapsed due to the coronavirus pandemic. There was a slight rebound in crude oil prices through May and June as economies reopened after lockdowns to contain the coronavirus. But oil demand has...
    Country House win in 2019 Derby upheld by appeals court These Pumpkin Pancake Recipes Will Start Fall Weekends off Right Oil Posts Weekly Gain With Refineries on the Mend After Laura (Bloomberg) -- Oil rose for a fourth week in a row as U.S. Gulf Coast refineries began restarting though gains were capped as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic. Load Error WTI was little changed on Friday and notched a 1.5% gain for the week. While Laura was one of the most powerful hurricanes to ever hit Louisiana, facilities in southeast Texas avoided the worst of the storm, allowing infrastructure there to start the recovery process. Among those facing more extensive repairs, Citgo Petroleum Corp. said its refinery in Lake Charles, Louisiana, sustained damage from high winds and likely won’t see an immediate restart. Despite the hiccup...
    Shinzo Abe -- aka Super Mario -- loses out on Olympics 14 Things to Do Now to Prepare for Back to School Oil Dips With Gulf Coast Refineries on the Mend After Laura (Bloomberg) -- Oil edged lower with U.S. Gulf Coast facilities shifting to recovery mode after Hurricane Laura and traders turning their attention to viral flare-ups dimming the prospects for a recovery in global fuel demand. Load Error Futures in New York oscillated between minimal gains and losses on Friday, with average trading volumes in August plunging to multi-year lows. The storm was one of the most powerful hurricanes to ever hit Louisiana. Yet, it mostly spared the region’s oil refineries and facilities are now in the process of restarting. Exxon Mobil Corp. has begun restarting its Beaumont and Baytown refineries in Texas after shutting them due to the storm. Meanwhile, some facilities may take longer...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY ERWIN SEBA The U.S. energy industry on Tuesday was preparing for a major hurricane strike, cutting crude production at a rate approaching the level of 2005’s Hurricane Katrina and halting oil refining at plants along the Texas/Louisiana coast. Officials in the two states called for hundreds of thousands of people to evacuate as Hurricane Laura intensified and forecasters predicted it would become a major hurricane with sustained, 115 mile per hour winds. The intensification will bring at least a 10-foot (3-meter) storm surge to the upper Texas coast later this week and could produce a devastating category 4 hurricane, said Chris Kerr, a meteorologist at agriculture, energy and weather data provider DTN. Oil producers on Tuesday had evacuated 310 offshore facilities and shut 1.56 million barrels per day (bpd) of...
    Detroit firefighters body recovered from river Dollar Generals push to fill stores with fresh produce and frozen-food options gives the chain a big box feel Oil Climbs With Dual Storms Ripping Through the Gulf of Mexico (Bloomberg) -- Oil rose as two storms heading for the U.S. Gulf Coast spurred offshore operators to curtail production. Load Error Futures climbed as much as 1.3% in New York on Monday. Almost 58% of crude output, or more than 1 million barrels a day, in the Gulf of Mexico was closed as of midday Sunday. The storms Marco and Laura -- the latter of which is forecast to become a hurricane -- are coming from different directions and have the potential to cause billions of dollars in damage. Multiple refineries, including the massive Motiva Enterprises Llc. Port Arthur plant, are considering shutting ahead of the storm, according to people familiar. The...
    By Bozorgmehr Sharafedin LONDON, Jul 22 (.) – Oil prices fell on Wednesday as industry data showed a higher-than-expected rise in inventories in the United States, while mounting tensions between Washington and Beijing also eroded US confidence. markets. * Brent crude was down 58 cents, or 1.3%, at $ 43.74 a barrel at 1058 GMT, while U.S. West Texas Intermediate (WTI) oil was down 66 cents, or 1.66% , at $ 41.26 per barrel. * Industry group American Petroleum Institute (API) reported that crude inventories in the United States rose 7.5 million barrels last week, compared to expectations of a 2.1 million drop in barrels. * The US government’s Energy Information Administration (EIA) releases the official data later on Wednesday. * “Fears of oversupply in the United States have become a permanent feature of the crude oil market,” said Stephen Brennock of the PVM brokerage. “This will continue to be...
    Jul 21 (.) – US oil stocks jumped sharply last week, while gasoline and distillate inventories fell, according to data released Tuesday by industry group the American Petroleum Institute (API). * Crude inventories rose 7.5 million barrels in the week ended July 17 to 531 million barrels, compared with analyst expectations for a 2.1 million barrel decline. * Crude stocks at the Cushing, Okla. Delivery center increased by 716,000 barrels, API said. * Refining increased by 54,000 barrels per day, API data showed. * Gasoline stocks fell by 2 million barrels, compared to analyst expectations in a . poll of a decline of 618,000 barrels. * Distillate inventories, which include diesel and heating fuel, fell by 1.4 million barrels, in line with expectations. * Imports of crude from the United States fell by 825,000 bpd, according to the data. * Oil prices briefly cut their earnings from post-market close operations...
    Madrid, Jul 20 (EFE) .- The main European stock markets have opened the session to the downside with investors pending the summit that the heads of state and government of the European Union (EU) have been holding since Friday in Brussels, in which discusses the amount and conditions of the future economic recovery fund. Community leaders, who have been unable to reach an agreement over the weekend, will resume negotiations today at 14:00 GMT. At 7:30 GMT, London was down 0.98%; Frankfurt, 0.76%; Paris, 0.9%; Milan, 0.77%; and Madrid, 0.78%. Previously, in Asia, Tokyo had closed practically flat, with a slight rise of 0.09%. Hours before the summit resumed, Dutch Prime Minister Mark Rutte, one of the most active community leaders, has acknowledged that “some progress” has occurred, but has made clear that the meeting may still end in failure. Rutte has insisted that the grants from the recovery fund...
    Jul 14 (.) – Crude and gasoline inventories in the United States fell sharply last week, while distillate inventories rose, according to data released Tuesday by the American Petroleum Institute (API). * Crude inventories fell 8.3 million barrels in the week ended July 10, to 531 million barrels, compared with analyst expectations of a 2.1 million barrel decline. * Stocks in Cushing, Oklahoma, the contract delivery point in the United States, increased by 548,000 barrels, according to API, an industry group. * Refining, meanwhile, increased by 34,000 barrels per day, the data showed. * Gasoline inventories fell 3.6 million barrels, compared to analyst expectations according to a . survey of a drop of 643,000 barrels. * Distillate inventories, which include diesel and heating fuel, increased by 3 million barrels, compared to estimates of an increase of 1.5 million barrels. * Crude imports from the United States fell by 779,000 bpd...
    A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area - Yugra, in the West Siberian petroleum basin.Alexei Andronov | TASS via Getty Images Analysts at Morgan Stanley believe the ratio between two of the world's most-watched commodities is "worth highlighting," saying it may be of interest to those seeking guidance on the direction of oil prices. "The oil-gold ratio has historically been a poor indicator of future oil prices," Morgan Stanley's Martijn Rats and Amy Sergeant said in a research note published Monday. "However, it is interesting at its extremes." Crude futures tend to be supported during periods of high inflation, while gold is traditionally used as a hedge against inflation. This positive correlation has often meant higher oil prices have coincided with higher gold prices, although one does not directly impact the other. The ratio between oil and gold illustrates how many barrels...
    Madrid, Jul 14 (EFE) .- The price of a barrel of Brent oil for delivery in September began the session on Tuesday with a sharp fall of 2.13% in the London futures market, to stand at $ 41.81 . In the previous session, Brent, the benchmark crude in Europe, also closed lower, with a 1.20% drop, in a session in which it was known that the 13 countries of the Organization of Petroleum Exporting Countries (OPEC) entered by their exports 18% less in 2019. The decline in OPEC exports was already a problem for the public accounts of producer countries before the COVID-19 pandemic, which has plunged world demand to unprecedented levels. Experts attribute the further decline in the price of crude oil to the possibility that the Organization of the Petroleum Exporting Countries and its allies (OPEC +) may decide to cut production cuts and increase the supply of...
    (Bloomberg) – The economies of the Middle East and North Africa are expected to contract more this year than initially estimated, according to the International Monetary Fund. In its updated economic outlook, the fund forecasts a 5.7% contraction in the region this year, a worsening of more than two percentage points from its 3.3% estimate in April. The double impact of a sharp drop in oil prices and persistent uncertainty regarding the duration of the coronavirus pandemic have clouded the prospects for an economic rebound. “Countries should facilitate recovery by easing the redeployment of workers and resources, as needed, while gradual fiscal adjustment resumes and policy stocks rebuild,” according to updated regional economic outlook for the Middle East and Central Asia published on Monday. Growth in the region’s oil exporters is now projected to contract 7.3% in 2020, against a 1.1% decline for importers as fluctuations in oil prices and...
    By Bozorgmehr Sharafedin LONDON, Jul 6 (.) – Crude prices were operating unevenly on Monday, with Brent advancing thanks to tighter supplies and positive economic data and a decline in the US benchmark WTI for fear of a rise in cases of Coronavirus reduces demand in the United States. * At 1203 GMT, the international benchmark Brent crude price was up 27 cents, or 0.63%, at $ 43.07 a barrel, while futures for the West Texas Intermediate were down 16 cents, or 0.39% , at $ 40.49 a barrel. * “We believe that oil market participants are focusing on current demand trends, but continue to ignore the long-term implications of the coronavirus pandemic,” said Eugen Weinberg, analyst at Commerzbank. * In the first four days of July alone, 15 US states reported record increases in new cases of COVID-19, which has infected nearly 3 million people and killed about 130,000...
    Crude oil futures prices ended higher on the New York Mercantile Exchange. The near-month contract for the benchmark grade rose $1.21 — closing at $39.70 a barrel. Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    Benchmark U.S. crude oil for August delivery rose $1.21 to settle at $39.70 a barrel Monday. Brent crude oil for August delivery rose 69 cents to $41.71 a barrel. Wholesale gasoline for July delivery rose 3 cents to $1.18 a gallon. July heating oil rose 3 cents to $1.17 a gallon. August natural gas rose 21 cents to $1.71 per 1,000 cubic feet. Gold for August delivery rose $7.90 to $1,781.20 an ounce, silver for September delivery fell 3 cents to $18.06 an ounce and September copper rose 2 cents to $2.69 a pound. The dollar rose to 107.69 Japanese yen from 107.19 yen. The euro rose to $1.1235 from $1.1227. Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    A file photo shows the FSO Safer supertanker permanently anchored off Yemen's Red Sea coast, west of Hodeida.  HANDOUT Amman, Jordan — Yemen's raging civil war has created a ticking time bomb just off the country's Red Sea coast. The FSO Safer, a 45-year-old supertanker loaded with more than 1 million barrels of crude oil has been caught between the warring sides and left to decay. Activists and officials warn that the Safer could hemorrhage its cargo into the sea at any time, with devastating consequences for nature and the already-beleaguered people of Yemen. Yemen's government says the Safer is in "bad and deteriorating" condition. The single-hulled vessel was part of Yemen's national oil infrastructure before the war started. Permanently anchored off the vital ports of Ras Issa, Saleef, and Hodeidah, it was used as an offloading terminal for Yemeni oil exports until the war stopped virtually all of...
    Crude oil futures prices ended lower on the New York Mercantile Exchange. The near-month contract for the benchmark grade fell 23 cents — closing at $38.49 a barrel. Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    An aerial view of a crude oil storage facility is seen on May 5, 2020 in Cushing, Oklahoma.JOHANNES EISELE | AFP via Getty Images Two leading oil price reporting agencies separately launched new U.S. crude benchmarks on Friday, as part of an effort to rival the U.S. West Texas Intermediate futures contract. The move from S&P Global Platts and Argus Media comes as both agencies seek to break away from the traditional landlocked system, just over two months after U.S. crude futures plunged into negative territory for the first time in history. S&P Global Platts said its new benchmark for U.S. crude, called Platts American GulfCoast Select (AGS), would reflect the value of waterborne light sweet crude supplied from the Permian Basin in west Texas and New Mexico on major pipelines to the Gulf. Argus' new outright daily crude price assessment, Argus AGS, is also designed to reflect the...
    Crude oil futures prices ended higher on the New York Mercantile Exchange. The near-month contract for the benchmark grade rose 71 cents, closing at $38.72 a barrel. Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    DUBAI (Reuters) - Iran plans to export oil from a port on its Gulf of Oman coast by March, the president said on Thursday, a shift that would avoid using the Strait of Hormuz shipping route that has been a focus of regional tension for decades. Tensions have spiked between Tehran and Washington since 2018, when the United States withdrew from a 2015 nuclear pact between Iran and six major powers and President Donald Trump reimposed sanctions on Iran, hammering its vital oil exports. Iran has often threatened to block the Strait if its crude exports were shutdown by U.S. sanctions, a move Washington has said would cross a "red line" and would demand a response. "This is a strategic decision and an important step for Iran that will secure the continuation of our oil exports," President Hassan Rouhani said in a televised speech. He said Iran aimed to export...
    Photo of a Pemex oil platform. Pemex photo Due to the agreement to cut crude production, Pemex produced one million 633 thousand barrels per day of oil in May Mexican oil (Pemex) reported that it produced one million 633 thousand barrels of oil per day in May, after the Secretary of Energy (Sener) agreed to cut crude production by 100,000 barrels a day to stabilize prices worldwide. This represented a drop of 112 thousand barrels per day compared to that produced in March (one million 781 thousand barrels per day). It is the second lowest level of production from the state oil company since january 2019, when Pemex reported one million 623 thousand barrels per day. The current federal government halted the decline and stabilized crude production. Sener agreed in May to reduce its production of crude oil after the global oil price crisis due to the COVID-19 pandemic...
    Crude oil futures prices ended lower on the New York Mercantile Exchange. The near-month contract for the benchmark grade fell $2.36, closing at $38.01 a barrel. Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    Counties where COVID-19 cases are growing fastest Cosby granted right to appeal sex assault convictions 30% of shale oil companies could go belly up if crude stays this cheap © Matthew Busch/Bloomberg/Getty Images An active oil drilling rig stands in Midland, Texas, U.S, on Thursday, April 23, 2020. The price for the U.S. benchmark for crude oil, West Texas Intermediate, dropped below zero for the first time in history this month amid a global oil glut. Photographer: Matthew Busch/Bloomberg via Getty Images The American shale oil industry is celebrating its 15th birthday on a perilous note. Load Error Gangbusters growth from shale has transformed the energy landscape, making the United States the world's leading producer of crude. Yet the shale industry failed to turn those surging barrels into consistent profits. The pandemic has turned the world upside down. And now muted crude prices, massive piles of...
    Jun 22 (.) – Crude inventories in the United States were up last week to renew a record high, while stocks of refined products were down, according to a preliminary . poll released on Monday. * Five analysts consulted before reports from the American Petroleum Institute (API) and the Energy Information Administration (EIA) estimated, on average, that crude stocks would have risen by 400,000 barrels in the week to June 19. * Crude inventories rose 1.2 million barrels through June 12 to a record 539.3 million barrels. * API will release its data on Tuesday at 2030 GMT, while the weekly EIA report will be released on Wednesday at 1430 GMT. * Analysts estimated that gasoline inventories fell 1.4 million barrels last week. * Distillate stocks, which include heating oil and diesel, are reported to have fallen by 800,000 barrels, the survey showed. * The refinery utilization rate would have...
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