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Top related persons:
Bing Guan - 1 Jonathan Guilford - 1 Sharon Lam - 1 John Kilduff - 1 Baker Hughes - 1
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Inglewood United States U.S Saudi Arabia Culver City , California California San Francisco Los Angeles , California
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Inglewood Oil Field - 2 Baldwin - 1 REUTERS - 1 Exxon Mobil - 1 Chevron - 1 State - 1 Shell - 1 BP - 1

Search resuls for: "Inglewood Oil Field"


6 mentions found


☆ Big oil lawsuits are riskier than quitting tobacco
  + stars: | 2023-09-18 | by ( Robert Cyran | ) www.reuters.com   time to read: +4 min
Active pumpjacks from oil wells are pictured at the Inglewood Oil Field, the largest urban oil field in the United States, from the Baldwin Hills Scenic Overlook in Culver City, California, U.S., March 10, 2022. REUTERS/Bing Guan Acquire Licensing RightsNEW YORK, Sept 18 (Reuters Breakingviews) - California has been a guidepost to America’s future, and the United States is litigious. Oil companies have thus far stalled litigation by seeking to move cases to federal courts, where national regulations on emissions provide some cover. In April, however, the Supreme Court turned down five appeals by oil companies and others to move cases out of the states. That’s too simple given climate’s differing hit to regions, but it indicates the magnitude of the potential problem in the United States alone.
Persons: Bing Guan, Jonathan Guilford, Sharon Lam Organizations: Inglewood Oil Field, Baldwin, REUTERS, Reuters, Exxon Mobil, Chevron, State, Shell, BP, ConocoPhillips, American Petroleum Institute, Thomson Locations: Inglewood, United States, Culver City , California, U.S, California, Saudi Arabia, San Francisco
☆ Oil settles higher but posts fourth straight quarterly decline
  + stars: | 2023-06-30 | by ( ) www.cnbc.com   time to read: +2 min
Oil pumpjacks are viewed in the Inglewood Oil Field in Los Angeles, California. Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand. Signs of strengthening U.S. economic activity and sharp declines in U.S. oil inventories last week offered some support. The market was also supported by upward revisions in demand for crude oil and refined products in the United States. A Reuters survey of 37 economists and analysts showed oil prices will struggle for traction this year as global economic headwinds linger.
Persons: John Kilduff, Baker Hughes Organizations: Inglewood Oil Field, Brent, U.S . West Texas, U.S . Commerce, Federal Reserve, HSBC, Reuters Locations: Inglewood, Los Angeles , California, U.S, New York, United States, Saudi, OPEC, Saudi Arabia
☆ Oil rises after U.S. leaders strike provisional debt deal
  + stars: | 2023-05-29 | by ( ) www.cnbc.com   time to read: +3 min
Oil prices rose on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, although concerns about further interest rate hikes capped gains. "The tentative debt deal offered a relief rally in risk assets, including crude oil," said Tina Teng, a CMC Markets analyst. Analysts see the boost in oil prices from the debt deal as short-lived. "Higher U.S. rates are a headwind for crude oil demand," he added. Future oil output growth in the U.S., the world's biggest producer, also may slow as energy firms cut rigs for a fourth week.
☆ Oil prices edge higher on falling U.S. inventories, China data
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: +1 min
An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Oil prices rose in early Asian trade on Wednesday as U.S. crude inventories were seen falling and on strong Chinese economic data, signaling strengthening fuel demand. Keeping prices from moving higher were concerns that potential increases in U.S. interest rates could dampen growth in the top oil-consuming country. Gasoline inventories fell by about 1.02 million barrels, while distillate stocks fell by about 1.9 million barrels, according to the sources, who spoke on condition of anonymity because they were not authorized to speak to media. Meanwhile, the economy of top crude oil importer China grew by a faster-than-expected 4.5% in the first quarter, while the country's oil refinery throughput rose to record levels in March, data showed.
☆ Oil climbs on tightening supply; IEA demand outlook awaited
  + stars: | 2023-04-14 | by ( ) www.cnbc.com   time to read: +3 min
An oil pumpjack in the Inglewood Oil Field, seen from the Kenneth Hahn State Recreation Area, on July 13, 2022, in Los Angeles, California. Oil prices rose on Friday on signs of lower Russian output and tighter supplies, with the market looking ahead to the International Energy Agency's monthly report later in the day to clarify the global demand outlook. The possibility that the agency might downgrade the global demand outlook over faltering macroeconomic growth is helping to cap prices. "It looks like the rally in crude prices has finally hit a wall," OANDA analyst Edward Moya said in a note. Oil prices are expected to record an upward trend but the increments are expected to be capped at $90 a barrel, said CMC Markets analyst Leon Li.
☆ How we think about our oil stocks in light of Monday's wild swing in crude prices
  + stars: | 2022-11-21 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +5 min
The October production cut was seen, at the time, as an attempt to shore up tumbling oil prices, and generally speaking it worked for a little while. However, since the first week of November, crude prices had been trending lower. The Club take Our energy stocks have struggled in November alongside the decline in oil. Our outlook is predicated on two developments that would boost oil prices. The first is the White House's announcement in late October that it would begin to replenish the Strategic Petroleum Reserve when oil prices are at or below $67 to $72 per barrel.
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