Later today expect data on EIA, as analysts predict oil reserves to increase by 4.75 million barrels, which will lead to a new historical record overseas. The ICE dollar index is still trading near 12-year high against the prospects for an early rise in interest rates by the Federal Reserve...
Proved reserves are those volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Changes in proved reserves from...
As always, it takes nearly a year for the U.S. government to gather and analyze reserve data. So, 2005's reserves will not be ready until year-end 2006. One surprising factor: prices are not having any overt effect on reserves, especially oil reserves. This, despite the fact that year...
US Seeks to Buy up to 3 Million Barrels for Oil Reserve for Jan Delivery More Reuters An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 20...
U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, the EIA says.
In addition, the Federal Reserve’s preferred measure of inflation, the PCE deflator, came in at 2.1% year over year in September, almost hitting the Fed’s target. We expect inflation to continue falling into 2025. The potential tariffs and deportations, however, represent the biggest changes...
While Federal Reserve Chair Jerome Powell said last week that the US economy's strength and hot labor market might warrant tighter financial conditions, offering an explanation for the quick rise in long-term US bond yields, investor fears over still high inflation and growing US debt seem to ...
Following news that the Federal Reserve is still planning to cut interest rates this year, the price of crude oil rose because it boosted risk appetite and put pressure on the US dollar. After experiencing its biggest decline in nearly a month on Wednesday, oil rose to around $87 per ...
The risk is oil prices keep climbing, hurting consumer spending and undoing the meaningful progress on inflation. That could cause the Federal Reserve to delay interest rate cuts and spook investors on Wall Street. “It’s the most serious threat to the economy,” Moody...
Yield on two-year Treasury falls below 10-year counterpart as inversion in closely watched indicator ends September 4 2024 US job openings fall to lowest level since 2021 Data underlines how demand for workers is slowing as Federal Reserve plans next move on interest rates this month ...