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Top related persons:
Ismail Haniyeh - 1 Fuad Shukr - 1 WTI - 1 Baker Hughes - 1 Lorie Logan - 1 Logan - 1 Stocks - 1 Brent - 1
Top related locs:
U.S Grayville , Illinois Gaza Israel Russia China OPEC Saudi Arabia
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New Harmony Oil - 4 Brent - 3 U.S - 2 West Texas - 2 Petroleum - 2 Energy Information Administration - 2 EIA - 2 Hezbollah - 1

Search resuls for: "New Harmony Oil"


5 mentions found


☆ Oil hovers at 8-month lows as U.S. recession fears offset Mideast tensions
  + stars: | 2024-08-05 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices hovered at eight-month lows on Monday as fears of a recession in the United States, the world's top oil consumer, offset concerns that escalating tensions in the Middle East may affect supplies from the largest producing region. The market had been expecting OPEC+ to delay the phase out of voluntary production cuts beyond the third quarter, ANZ analysts said. A Reuters survey showed on Friday that OPEC oil output rose in July despite production cuts by the group. Weak economic data across the globe weighed on oil prices, on concerns that a sluggish global economic recovery would dampen fuel consumption. Slumping diesel consumption in China, the world's biggest contributor to oil demand growth, is weighing on global oil prices.
Persons: Ismail Haniyeh, Fuad Shukr, WTI, Baker Hughes Organizations: New Harmony Oil, Brent, U.S, West Texas, Hezbollah, ANZ, Organization of, Petroleum, Reuters Locations: Grayville , Illinois, United States, Gaza, Cairo, Israel, Iran, Lebanese, East, Brent, U.S, Russia, China, Europe
☆ Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
  + stars: | 2024-05-31 | by ( ) www.cnbc.com   time to read: +2 min
An oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US, on Sunday, June 19, 2022. Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. "I think it's too soon to really be thinking about rate cuts." Meanwhile, U.S. crude oil inventories fell 4.2 million barrels to 454.7 million barrels in the week ending on May 24, the Energy Information Administration said on Thursday, compared with expectations in a Reuters poll for a 1.9 million-barrel draw. Stocks were up 2 million barrels for the week to 228.8 million barrels, the EIA said, compared with expectations for a 400,000-barrel draw.
Persons: Lorie Logan, Logan, Stocks Organizations: New Harmony Oil, Fed, Brent, U.S, West Texas, Dallas Federal, Energy Information Administration, EIA, of, Petroleum Locations: Grayville , Illinois, U.S, El Paso , Texas, OPEC, Saudi Arabia, Russia
☆ Oil rises on U.S. crude storage draw, Fed rate cut hopes
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: +1 min
An oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US, on Sunday, June 19, 2022. Oil prices rose in early trade on Thursday as shrinking U.S. crude inventories signaled tighter supply, and amid rising hopes that the Federal Reserve would cut interest rates by the end of the year. Crude inventories dropped last week by 1.4 million barrels to 459.5 million barrels, according to the Energy Information Administration, more than analysts' expectations in a Reuters poll for a 1.1 million-barrel draw as refinery activity increased. Increasing expectations that the U.S. central bank will cut interest rates by year end after weaker-than-expected U.S. jobs data also boosted oil prices. Lower interest rates can increase spending on crude oil.
Organizations: New Harmony Oil, Federal Reserve, Brent, . West Texas, Energy Information Administration, EIA Locations: Grayville , Illinois, U.S, Gaza, Israel
☆ U.S. crude oil tumbles below $75 a barrel after OPEC delays meeting
  + stars: | 2023-11-22 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +3 min
U.S. crude prices fell about 5% Wednesday after the Organization of Petroleum Exporting Countries delayed a pivotal meeting on production cuts that was scheduled for the weekend. There was growing anticipation among traders that OPEC and its allies, called OPEC+, might implement additional production cuts, which pushed prices higher earlier in the week. Domestic crude inventories, excluding the strategic reserve, increased by 8.7 million barrels for the week ending Nov. 17. OPEC+, for its part, has already taken 5.16 million barrels per day off the market since 2022. OPEC has blamed speculators for the recent drop in crude prices, arguing that market fundamentals are strong.
Persons: Brent, Tamas Varga, " Varga, Goldman Sachs, Varga Organizations: New Harmony Oil, Organization of Petroleum, The West Texas Intermediate, Bloomberg, OPEC, PVM Oil Associates, Energy Information Agency, Hamas Locations: U.S, Saudi, Russia, Ukraine, China, OPEC, Saudi Arabia, Israel, Gaza
☆ Coterra, Danaher and TJX Companies are in the news. Here's our take on the headlines
  + stars: | 2023-02-06 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +8 min
A trio of Club stocks — Coterra Energy (CTRA), Danaher (DHR) and TJX Companies (TJX) — are in the news Monday. The multiweek slide in natural gas prices is at the heart of Raymond James' downgrade because Coterra's revenue is split roughly 50-50 between natural gas and oil. @NG.1 5Y mountain Natural Gas prices over 5 years The Club's take: The decline in natural gas prices is undoubtedly going to affect the amount of cash Coterra generates and then returns to shareholders via its fixed-plus-variable dividend strategy and buybacks. We're not heading for the exits on Coterra despite the decline in natural gas prices. A photo of a natural gas flare burning near an oil pump jack at the New Harmony Oil Field in the U.S. on June 19, 2022.
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