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Top related persons:
Kenneth Hahn - 2 Brent - 2 Israel - 1 Hurricane Milton - 1 Hiroyuki Kikukawa - 1 Storm Francine - 1 Bing Guan - 1 Jonathan Guilford - 1
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Inglewood Los Angeles , California U.S United States Saudi Arabia Russia Middle Iran
Top related orgs:
Inglewood Oil Field - 3 Inglewood Oil - 2 Recreation Area - 2 . West Texas - 2 Organization of - 2 Petroleum - 2 American Petroleum Institute - 2 Administration - 2

Search resuls for: "Inglewood Oil"


9 mentions found


☆ Oil prices rise by over $1 on OPEC+ output hike delay
  + stars: | 2024-11-04 | by ( ) www.cnbc.com   time to read: 1 min
A pumpjack pumps oil in the Inglewood Oil Field as seen from the Kenneth Hahn State Recreation Area on July 13, 2022 in Los Angeles, California. Oil prices rose by more than $1 in early trading on Monday after OPEC+ said on Sunday it would delay a planned December output hike by one month. Brent futures rose by $1.14 per barrel, or 1.56%, to $74.24 a barrel. U.S. West Texas Intermediate crude also rose by $1.14 a barrel, or 1.64%, to $70.63. OPEC+, which includes the Organization of the Petroleum Exporting Countries plus Russia and other allies, was due to increase output by 180,000 barrels per day in December.
Persons: Kenneth Hahn, Brent Organizations: Inglewood Oil, Recreation Area, . West Texas, Organization of, Petroleum Locations: Inglewood, Los Angeles , California, Russia
☆ Oil edges lower after rallying to highest in over a month on Middle East war risk
  + stars: | 2024-10-08 | by ( ) www.cnbc.com   time to read: +2 min
An oil pumpjack (L) operates as another (R) stands idle in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday amid fears that the Middle East could be on the brink of a region-wide war. Israel has sworn to retaliate and is weighing its options, with Iran's oil facilities considered a possible target. However, some analysts believe that an attack on Iranian oil infrastructure is unlikely and have warned that oil prices could face considerable downward pressure if Israel focuses on any other target. U.S. crude oil inventories are expected to rise by 1.9 million barrels in the week ended Oct. 4, according to a preliminary Reuters poll.
Persons: Israel, Hurricane Milton Organizations: Inglewood Oil Field, . West Texas, Organization of Petroleum, ANZ Bank, American Petroleum Institute, Energy, Administration Locations: Inglewood, Los Angeles , California, Middle, Iran, Haifa, Israel, Lebanon, Gaza, Hurricane, Florida, U.S . Gulf of Mexico, .
☆ Oil prices rebound on fears of supply disruption from tropical storm
  + stars: | 2024-09-11 | by ( ) www.cnbc.com   time to read: +2 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. Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. OPEC also cut its 2025 global demand growth estimate to 1.74 million bpd from 1.78 million bpd. But the U.S. Energy Information Administration said on Tuesday global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts. Meanwhile, China's daily crude oil imports rose last month to their highest in a year, customs data and Reuters records showed on Tuesday, as shipments staged a tentative recovery on lower crude oil prices and improving refining margins.
Persons: Kenneth Hahn, Brent, Hiroyuki Kikukawa, Storm Francine Organizations: Inglewood Oil, Recreation Area, Brent, NS, Nissan Securities, U.S, National Hurricane Center, U.S . Bureau of Safety, Environmental, Organization of, Petroleum, OPEC, U.S . Energy, Administration Locations: Inglewood, Los Angeles , California, Louisiana, Gulf, Mexico, U.S . Gulf, U.S
☆ 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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