U.S. crude oil and gasoline stocks rose last week, data from industry group the American Petroleum Institute showed, with crude inventories rising by 4.6 million barrels to about 495.2 million barrels, against analysts’ expectations in a Reuters poll for a build of 1.2 million barrels. [EIA/S]
Energy firms and ports along the U.S. Gulf Coast prepared on Tuesday for Zeta, the 11th hurricane of the season, as it entered the Gulf of Mexico. The United States, Russia, France and other countries have registered record numbers of infections in recent days, and European governments have introduced new curbs to try to rein in the fast-growing outbreaks.
“With and without another lockdown, movement across Europe and North America will fall during the coming winter months as most people avoid travel and big gatherings,” said Henning Gloystein, director of global energy & natural resources at Eurasia Group, in a note on Wednesday.
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Iran’s oil minister says Tehran's oil industry will not yield to U.S pressure: tweetIran’s oil minister said on Twitter on Monday that Tehran's oil industry will not yield to pressure from the United States. Iran garbage 🗑 The US produces more oil than them here in the States so if they want to compete on the global stage... yeah, you will bow to the pressure Oh yes it will
Source: Reuters - 🏆 2. / 97 Read more »
Oil falls on oversupply fears after build in U.S. crude stocksOil prices slid more than 1 percent on Wednesday, paring the previous day's gains, as a jump in U.S. crude inventories and surging COVID-19 cases raised fears of an oversupply of oil and weak fuel demand. Remember when covid first started and oil was in the negatives so trump was paid to take it off their hands oil is finite, give everyone a tesla or the like and lets start over, infrastructure, the sun will not go red giant for another 5 billion years and its free, no microplastics or whale killing spills HOLY BITCOIN, BATMAN!!! No stopping her now! A week after the PayPal/Venmo adoption, JP Morgan is on board and Microstrategy announced $100 million profit in two month investment!!! Industrial and commercial industry FOMO is going to drive the price to the mooooooon!!!! 🚀
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Trump’s scorecard on the oil industryListen to this episode from POLITICO Energy on Spotify. In 2016, Donald Trump ran on the promise of loosening environmental regulations that had impacted the American oil industry. But after 4 years of deregulation and scrambled policy making, the oil industry doesn’t think Trump was all that great for business. POLITICO’s Ben Lefebvre reports. Anthony Adragna is an energy reporter for POLITICO and host of POLITICO Energy. Ben Lefebvre is an energy reporter for POLITICO. Carlos Prieto is a Politico podcast producer. Jenny Ament is the senior producer of POLITICO audio. Irene Noguchi is the executive producer of POLITICO audio. bjlefebvre Trump f*cking up a pandemic is only good for one person.... His arch enemy Jeff Bezos. Thanks GOP! bjlefebvre Keep doing damage control. hahahah bjlefebvre Is it true that Pelousy’s son Is seen in sexual encounters in hunters lap top? I heard this on radio this morning
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