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January 10, 2024

Oil rises as Middle East tensions offset economy concerns- oil and gas 360

Oil rises as Middle East tensions offset economy concerns

January 10, 2024

CNBC Oil rose around 1% on Wednesday in a second day of gains as Middle East supply concerns arising from the Israel-Hamas war and the shutdown of a top Libyan oilfield offset rising U.S. output and worries about economic growth. A report from industry group the American Petroleum Institute added further support as it showed a bigger-than-expected drop in crude

Yellen says clean energy tax credits will help Americans save money, more work needed- oil and gas 360

Yellen says clean energy tax credits will help Americans save money, more work needed

January 10, 2024

Yahoo Finance BOSTON – U.S. Treasury Secretary Janet Yellen said on Wednesday that more work was needed to lower living costs for Americans but the Biden administration’s clean energy tax credits will help save people money and shield them from future price volatility in fossil fuel energy. Yellen, on a visit to a Boston community college to make a sales

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 1.3 million barrels

January 10, 2024

Weekly Crude Oil Storage as of January 5, 2024     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week.  At 432.4million barrels, U.S. crude oil inventories are 2% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly

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