Sunday, May 4, 2025
Oil falls on surge in U.S. gasoline stocks- oil and gas 360

Oil falls on surge in U.S. gasoline stocks

Reuters LONDON -Crude oil prices fell on Thursday after official data showed a big increase in U.S. gasoline stocks on the back of higher refinery runs while demand remained subdued compared with pre-pandemic levels. Brent crude fell 15 cents, or 0.2%, to $63.01 a barrel by 1154 GMT. U.S. oil fell 28 cents, or 0.5%, to $59.49. While crude oil

Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices- oil and gas 360

Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices

Reuters DUBAI – In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices. A multi-trillion dollar spending push designed to diversify the economy’s sources of income will require state companies to cut the dividends they pay the government to boost capital spending, Crown Prince Mohammed bin Salman has said. It is not clear

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 20 Bcf

Natural Gas Inventories as of April 2, 2021 The EIA has released its natural gas inventory report, showing a net increase of 20 Bcf as of April 2, 2021. Working gas in storage was 1,784 Bcf as of Friday, April 2, 2021, according to EIA estimates. This represents a net increase of 20 Bcf from the previous week. Stocks were