Page 35 - Rob Thummel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil reaches three week low on inflation concerns, Iran deal progress By Saket Sundria and Alex Longley on 5/19/2021 (Bloomberg) --Oil plunged to the lowest in three weeks alongside a broader market decline with traders also concerned about growing supply from the U.S. and Iran. Futures in New York tumbled 3.3% on Wednesday as increasing inflation fears rattled broader markets. Equities declined and the dollar strengthened, making raw materials priced in the currency less attractive. Meanwhile, in the oil market, a U.S. government report showed domestic crude st...

Oil fell for a second day with an increase in USA crude inventories compounding concerns. (Bloomberg) -- Oil fell for a second day with an increase in U.S. crude inventories compounding concerns around a choppy global demand recovery. Futures in New York fell 2.1% on Wednesday after a U.S. weekly inventory report showed the first gain in domestic crude supplies in a month. Meanwhile, a resurgent coronavirus in India is curbing fuel consumption. “The price pullback has been over rising uncertainty in regards to global oil demand, given the rise in infections, particularly in India,” said...

(Bloomberg) -- Oil fell for a second day with an increase in U.S. crude inventories compounding concerns around a choppy global demand recovery. Futures in New York fell 2.1% on Wednesday after a U.S. weekly inventory report showed the first gain in domestic crude supplies in a month. Meanwhile, a resurgent coronavirus in India is curbing fuel consumption. “The price pullback has been over rising uncertainty in regards to global oil demand, given the rise in infections, particularly in India,” said Rob Thummel, a portfolio manager at Tortoise, a firm that manages roughly $8 billion in ener...

Oil Slides With U.S. Supply Gain Adding to Global Demand Concern This content was published on April 21, 2021 - 19:17 April 21, 2021 - 19:17 (Bloomberg) -- Oil fell for a second day with an increase in U.S. crude inventories compounding concerns around a choppy global demand recovery. Futures in New York fell 2.1% on Wednesday after a U.S. weekly inventory report showed the first gain in domestic crude supplies in a month. Meanwhile, a resurgent coronavirus in India is curbing fuel consumption. “The price pullback has been over rising uncertainty in regards to global oil demand, given the r...

The Permian Faces An Empty Pipeline Crisis By Haley Zaremba - Apr 15, 2021, 1:00 PM CDT Just a few short years ago, the United States was producing more shale oil than ever, pumping as much and as quickly as they could to keep up with an industry and a market going gangbusters. At its height, U.S. crude production reached an apex of 13 million barrels per day (bpd). Even as oil price volatility and the short lifespan of shale wells caused plenty of small-scale booms and busts in the West Texas Permian Basin, the sector charged onwards with a steadfast growth mindset. More and more ...