Translate:
China Japan Russia Spain
Category : Blog
June 25, 2021 Blog

Crude Oil Prices Settle Higher, Notching a 2 1/2-Year High

Oil priced settled quite higher than usual on Thursday, with Brent crude extending its rise to the highest price sinc [..]

Read More
June 25, 2021 Blog

West Coast Ports Continue to Set Records

Ports up and down the west coast are continuing to set cargo records following the COVID-19 pandemic and months of co [..]

Read More
May 7, 2021 Blog

Shippers Compete for Space as Container Freight Rates Continue Rise

Just this week, shippers from Asia to Europe saw a further spike in container spot rates, especially for Mediterranea [..]

Read More
May 7, 2021 Blog

Port of Oakland Reports Busiest Quarter on Record

According to recent data, The Port of Oakland has seen record levels in the first quarter of 2021 as recent trade sur [..]

Read More
March 5, 2021 Blog

Oil Prices Surge as OPEC Extends Production Cuts

Despite recent price surges, a group of major oil producers has agreed to extend production cuts for another month, c [..]

Read More
March 5, 2021 Blog

U.S. Port Congestion Could Last Until Summer Peak Season

Shipping experts now believe that major port and landside congestion at US west coast ports could last until the summ [..]

Read More
January 16, 2021 Blog

Port Delays Leave Cargo Ships Stranded off U.S. Pacific Gateways

This week alone, more than 40 cargo ships were lined up off the coast of Los Angeles and Long Beach in a new sign of [..]

Read More
January 16, 2021 Blog

Surging Shipping Rates Pose New Headwind for Global Economy

Even though the pandemic is raging on, shocks to supply chains are engulfing a wider swath of the global economy. It [..]

Read More
January 8, 2021 Blog

Busy Ocean Freight Market Continues With No Predicted End In Sight

The unpredictable levels of containerized cargo movement that have driven freight rates sky-high will not likely end [..]

Read More
January 8, 2021 Blog

Tanker Market Starts the Year on a Positive Note

The tanker market entered 2021 with renewed optimism, despite estimates of the opposite following 2020 data.

I [..]

Read More
1 2 3 5
WP_Post Object ( [ID] => 251715 [post_author] => 1 [post_date] => 2021-06-25 18:25:13 [post_date_gmt] => 2021-06-25 18:25:13 [post_content] =>

Oil priced settled quite higher than usual on Thursday, with Brent crude extending its rise to the highest price since October 2018.

Analysts said crude remains underpinned by data showing demand outpacing supply. The Energy Information Administration said U.S. crude inventories fell by 7.6 million barrels for the week ended June 18.

That marked the fifth consecutive decline reported by the EIA.

As for domestic gasoline, supplies fell by 2.9 million barrels last week while distillate inventories, which include heating oil, rose by 1.8 million barrels.

On Thursday, July gasoline RBN21, -0.07% added 0.6% at $2.28 a gallon, logging the highest front-month settlement since October 2014. July heating oil HON21, -0.55% rose 0.1% to $2.16 a gallon, the highest since November 2018.

Meanwhile, a report released by the EIA showed that U.S. natural-gas supplies rose 55 billion cubic feet for the week ended June 18. On average, analysts polled by S&P Global Platts forecast an increase of 63 billion cubic feet in natural-gas stocks. [post_title] => Crude Oil Prices Settle Higher, Notching a 2 1/2-Year High [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => crude-oil-prices-settle-higher-notching-a-2-1-2-year-high [to_ping] => [pinged] => [post_modified] => 2021-06-25 18:25:13 [post_modified_gmt] => 2021-06-25 18:25:13 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.clipperoil.com/?p=251715 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw )