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Top related persons:
Nick Oxford - 2 Dennis Kissler - 2 Russia's Transneft - 2 Arathy Somasekhar - 2 Nicole Jao - 2 Robert Harvey - 2 Yuka Obayashi - 2 Emily Chow - 2
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Cushing , Oklahoma HOUSTON U.S Primorsk Novorossiysk St Houston New York
Top related orgs:
REUTERS - 2 RBC - 2 IIR Energy - 2 Thomson - 2 U.S . West Texas - 1 BOK - 1 U.S . Federal - 1 St . Petersburg International Mercantile Exchange . - 1

Search resuls for: "Arathy Somasekhar Nicole Jao"


2 mentions found


☆ Oil ends week lower as demand concerns face Russia supply ban
  + stars: | 2023-09-22 | by ( Arathy Somasekhar Nicole Jao | Arathy Somasekhar | Nicole Jao | ) www.reuters.com   time to read: +3 min
It fell 0.3% in the week, breaking a three week streak of gains. U.S. West Texas Intermediate crude (WTI) futures rose 40 cents, or 0.5%, to $90.03 a barrel, as U.S. oil rig counts fell. U.S. Federal Reserve officials warned of further rate hikes, even after voting to hold the benchmark federal funds rate steady at a meeting this week. U.S. oil rig counts, an indicator of future production, also fell by eight to 507 this week, their lowest since February 2022, energy services firm Baker Hughes said. Offline refinery capacity was expected to reach 1.4 million barrels per day (bpd) this week according to IIR Energy versus 800,000 bpd offline last week.
Persons: Nick Oxford, Dennis Kissler, Michelle Bowman, Russia's Transneft, Baker Hughes, Arathy Somasekhar, Nicole Jao, Robert Harvey, Yuka Obayashi, Emily Chow, Marguerita Choy, David Gregorio, Josie Kao Organizations: REUTERS, U.S . West Texas, BOK, U.S . Federal, RBC, St . Petersburg International Mercantile Exchange ., IIR Energy, U.S . Commodity Futures Trading Commission, Thomson Locations: Cushing , Oklahoma, HOUSTON, Brent, U.S, Primorsk, Novorossiysk, St, United States, Houston, New York, Tokyo, Singapore
☆ Oil prices dip on demand woes from interest rate hikes
  + stars: | 2023-09-22 | by ( Arathy Somasekhar Nicole Jao | Arathy Somasekhar | Nicole Jao | ) www.reuters.com   time to read: +2 min
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. In the previous three weeks, they rose more than 10% on concerns about tight supply. Higher interest rates increase borrowing costs, which could slow economic growth and reduce oil demand. Meanwhile, markets worried about Russia's temporary ban on exports of gasoline and diesel to most countries would tighten supplies. Russian wholesale gasoline prices were down nearly 10% and diesel down 7.5% on Friday on the St. Petersburg International Mercantile Exchange.
Persons: Nick Oxford, Brent, Dennis Kissler, Russia's Transneft, Arathy Somasekhar, Nicole Jao, Robert Harvey, Yuka Obayashi, Emily Chow, Jan Harvey, Jason Neely, David Gregorio Our Organizations: REUTERS, . West Texas, BOK Financial, . Federal, RBC, St . Petersburg International Mercantile Exchange, IIR Energy, Thomson Locations: Cushing , Oklahoma, HOUSTON, U.S, Primorsk, Novorossiysk, St, Houston, New York, Tokyo, Singapore
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