Cars
Reuters
Jul 31, 2022, 5:24 AM
U.S. petrol stocks fell by 482,000 barrels to 219.7 million barrels, U.S. Energy Information Administration said. The start of summer driving season in the United States normally entails increased consumption.
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Reuters | Jul 31, 2022India Oil Cos' $125.5 Million Dividend From Oil Assets Stuck In RussiaEuropean countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.1 min read
car&bike Team | Jul 31, 2022Oil Falls 2% On Powell Comments, Hopes For Venezuela SupplyRussia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.2 mins read
Reuters | Jul 31, 2022Oil Gains 1.5%, Posts Another Weekly Rise On Supply ConcernsOil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.2 mins read
Reuters | Jul 31, 2022Indian Oil Minister Says Oil At $110 A Barrel Not SustainableIndia's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable1 min read- Reuters | Jul 31, 2022Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude BanHungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.2 mins read
- Reuters | Jul 31, 2022Oil Rises On Tight Supplies; Trade Choppy On Demand WorriesBrent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile, with prices down about $3 a barrel earlier.2 mins read
- Reuters | Jul 31, 2022Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt DemandInvestors have been paring positions in risky assets as they assess whether inflation-fighting central banks could push the world economy into recession with higher interest rates.2 mins read
- Reuters | Jul 31, 2022Oil Swings Higher As Tight Supplies Overshadow Demand DestructionRussian grades accounted for about 16.5% of India's overall oil imports in May2 mins read
