قالب وردپرس درنا توس
Home / Tag Archives: Crude (page 2)

Tag Archives: Crude

Europe fights for sour crude in the middle of a narrow market

OPEC's production cutbacks and US sanctions against Venezuela and Iran limit the availability of heavy and acidic raw materials to Europe, where heavier grain prices have recently skyrocketed in an increasingly tight-knit market, according to the crude oil traders of S & P Global Platts. US sanctions against Iran have already limited part of Europe's high-grade supply. With the new …

Read More »

Crude Oil Prices – Weekly Outlook: Feb 4

© Reuters. Investing.com oil traders will continue to monitor global crude oil supply and energy demand prospects next week. Futures rallied 3% on Friday. This suggests that US sanctions have helped to streamline supply while improving expectations for higher fuel demand. Data showing a weekly decline in US drill numbers also contributed to the success. Drills cut 15 rigs during …

Read More »

Salmonella outbreak of ground turkey: Jennie O-Turkey recalls over 164,000 pounds of crude

Jennie-O Turkey Store sales recall 164,210 pounds of raw turkey due to potential salmonella contamination. Friday's announcement came with a continuing outbreak of salmonella in turkey products late last year. The Centers for Disease Control and Prevention announced 52 new cases of salmonella, bringing the total to 216 infected people in 38 states and the District of Columbia. We have …

Read More »

Crude oil falls in the midst of supply flooding, the OPEC should decrease

The oil price fell in Friday's troubled trade to its lowest level since the end of 2017, burdened by a looming crude oil surplus and a weakening economic outlook. To counteract the bulging supply, the Organization of the Petroleum Exporting Countries (OPEC) is expected to start after a resource withdrawal meeting scheduled for 6 December. The international benchmark index of …

Read More »

Brent Crude follows US oil towards bear market area

The price of Brent crude fell below the $ 70 a barrel mark for the first time in seven months on Friday and moved to the edge of the bear market area. The Brent crude global index fell 1.7% to $ 69.48 a barrel on the London ICE Futures Exchange. On the New York Mercantile Exchange, West Texas Intermediate futures …

Read More »

Oil stabilizes as US crude oil stocks rise for a sixth week

Oil prices rose less than expected after the US Energy Information Administration said last week that crude oil inventories had risen by 3.2 million barrels. Inventories for gasoline and distillates declined as total product demand increased 5.4 percent over the previous four weeks. "Despite the rise in crude oil inventories, crude oil prices are aided by the decline in refined …

Read More »

Crude oil: All eyes on Saudi Arabia, as the US containment of Iran will come into force; Gold continues to shine

By Pritam Kumar Patnaik Crude oil and gold continued to attract much of the investor focus on the commodities market during the week. Just days before US sanctions on Iranian crude oil are enforced, the oil market is watching Saudi Arabia respond to the situation. Global stock sell-off has kept gold in the limelight in light of demand for safe …

Read More »

Brent crude falls below $ 80 as US inventories rise

Brent crude tumbled below $ 80 a barrel for the first time in nearly a month on Thursday as the stock sold off in the US and US stocks rallied unexpectedly. The global benchmark, Brent Crude, closed 0.9% lower at $ 79.29 a barrel, the lowest since 21 September. Meanwhile, light, sweet November delivery crude, the US benchmark, fell 1.6% …

Read More »