According to GasBuddy, supply vs. demand trends going into the last part of the year will be putting downward
pressure on crude oil prices — something they expect to continue well into next year.
But on May 12 Baker Hughes reported the U.S. rig count rose again which, as usual, created
pressure on crude prices.
A global glut in oil could put more downward
pressure on crude prices, reports CNBC's Jackie DeAngelis.
CNBC's Jackie DeAngelis reports gasoline storage is reaching levels not seen in 27 - years and those stockpiles are putting downward
pressure on crude.
Not exact matches
NEW YORK, April 23 - Global benchmark Brent
crude turned positive in volatile trade
on Monday as it jockeyed between downward
pressure after Iran dashed hopes that OPEC would extend its production cap pact and support
on fears that U.S. sanctions could dampen Iran's output.
Oil prices were higher in choppy trade
on Wednesday, as a bigger - than - expected U.S.
crude stock build
pressured prices, but large draws of fuel stocks provided some support.
Oil prices came under
pressure on Wednesday as weekly government data showed a larger - than - expected rise of 5 million barrels in U.S.
crude stockpiles.
Third,
crude prices will keep
pressure on stocks as SWF selling hits hard in the first or second quarter of 2016.
A U.S.
crude inventory build of 2.6 million barrels in the week through Dec. 25 could keep downside
pressure on oil, reports CNBC's Jackie DeAngelis.
President Donald Trump is reportedly considering sanctioning Venezuela's
crude industry in a bid to ratchet up
pressure on Venezuelan President Nicolas Maduro, Reuters reported Thursday, citing an unnamed U.S. official.
As the strong dollar
pressures crude, CNBC's Jackie DeAngelis reports
on the oil market closing for the day.
That would account for shipping costs and the lower quality of WCS versus WTI, as
crude - by - rail shipments increase and capacity returns to normal
on the Keystone pipeline across the U.S., which has faced
pressure limits since it leaked in November in South Dakota.
While the re-balancing of global oil markets is progressing, record - high
crude and gasoline inventories continue to put downward
pressure on prices.
Since then, adverse weather has limited prospects for crop supplies more than the government expected, and
crude oil is up 42 percent from a year earlier, putting more
pressure on agricultural prices, Hart said.
Both projects aim to reduce the
pressure on a bottleneck of
crude in the U.S. Midwest that's been building up for a year.
Instead, all are banking
on the continued climb of
crude to fuel higher cash flows, which would help alleviate some of the
pressure on their balance sheets.
Global benchmark Brent
crude turned positive in volatile trade
on Monday as it jockeyed between downward
pressure after Iran dashed hopes that OPEC would extend its production cap pact and Continue Reading
Brent
crude oil prices slipped to trade at $ 49 a barrel
on Wednesday,
pressured by the strengthening dollar.
Economic data has been improving, financial markets are calm, and Trump's planned fiscal spending will likely put upward
pressure on inflation — not to mention the impact of rising
crude oil prices.
If Trump does scrap the deal, it could lead to the re-imposition of secondary sanctions
on Iran,
pressuring countries to cut their purchases of Iranian
crude, denting global supplies, pushing oil prices higher.
Global benchmark Brent
crude turned positive in volatile trade
on Monday as it jockeyed between downward
pressure after Iran dashed hopes that OPEC would extend its production cap pact and support
on fears that U.S. sanctions could dampen Iran's output.
This rulemaking proposes to revise sampling and testing requirements and require particular sampling methods, test methods, and criteria for vapor
pressure tests conducted
on unrefined petroleum - based products, such as petroleum
crude oil.
Gold,
Crude Oil Pressured by Rising Dollar Stronger U.S. economic reports drove traders out of risky assets, putting pressure on both gold and crude
Crude Oil
Pressured by Rising Dollar Stronger U.S. economic reports drove traders out of risky assets, putting
pressure on both gold and
crudecrude oil.
The reality of reaching peak global production of cheap, conventional light, sweet
crude oil supplies will continue to force strong upper
pressure on the cost of
crude oil, gasoline, diesel and airplane liquid fuels.
Hawthorne tells the NRC that Exxon had a
pressure drop
on the pipeline and that an unknown amount of
crude had spilled.
Atmospheric
crude oil distillation: The refining process of separating
crude oil components at atmospheric
pressure by heating to temperatures of about 600 degrees to 750 degrees Fahrenheit (depending
on the nature of the
crude oil and desired products) and subsequent condensing of the fractions by cooling.
Indeed, the dramatic increase in U.S. oil production is the key addition to global supply that's putting downward
pressure on the cost of
crude, the No. 1 factor in pump prices.
(1) No False Choices: To Preserve a Livable Climate, We Need to Slash Both CO2 and Methane ASAP; (2) Oil Change International Report: Fossil Fuel Production Subsidies Exceed $ 21 Billion Annually in United States, have increased by 45 % under Obama's «All of the Above» energy policy; (3) Joint Economic Committee Hearing
on «The Economic Impact of Increased Natural Gas Production» (video); (4) Leaked Trade Deal Document Shows EU
Pressuring U.S. to Lift
Crude Oil Export Ban; (5) Deep Decarbonization Pathways Project (DDPP) Presents Interim Report to UN Secretary - General Ban Ki - Moon.
Those savings are the market result of increased global
crude supply, thanks largely to soaring U.S. production, putting downward
pressure on prices.
«These additions come at a time when the energy industry is under
pressure because of the volatility in U.S.
crude - oil prices, which has had a significant effect
on the Houston economy and commercial real estate, particularly in the office sector,» the report reads.