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Top related persons:
Kenneth Hahn - 1 Brent - 1 Hiroyuki Kikukawa - 1 Storm Francine - 1
Top related locs:
Inglewood Los Angeles , California Louisiana Gulf Mexico U.S . Gulf U.S
Top related orgs:
Inglewood Oil - 1 Recreation Area - 1 Brent - 1 NS - 1 Nissan Securities - 1 U.S - 1 National Hurricane Center - 1 U.S . Bureau of Safety - 1

Search resuls for: "Kenneth Hahn"


5 mentions found


☆ 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
☆ 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 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.
☆ Southern California braces for wind and rain after rare snowfall
  + stars: | 2023-02-26 | by ( Pete Schroeder | ) www.reuters.com   time to read: +2 min
[1/8] Following a cold winter storm snow is shown on the San Gabriel Mountains behind the city of Los Angeles, California from Kenneth Hahn Park in Los Angeles, California, February 26, 2023. REUTERS/Mike BlakeFeb 26 (Reuters) - After a rare snowfall dusted Los Angeles on Saturday, Southern California is bracing for a series of weak storms that will bring wind and rain this week to coastal areas while Northern and Central California mountain communities could see more heavy snow. Over the past three days, the storm brought the rare sight of snowflakes in Los Angeles, more known for palm trees and sun. About 70,000 customers in California remained without power on Sunday, according to PowerOutage, which tracks disruptions. The Los Angeles Department of Water and Power tweeted Sunday morning it had restored power to roughly 40,000 people since Saturday morning.
☆ 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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