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21.05.25 - 19:12
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WTI Erases Israel-Iran Spike As Crude & Gasoline Stocks See Unexpected Build (ZeroHedge)
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WTI Erases Israel-Iran Spike As Crude & Gasoline Stocks See Unexpected Build
Oil prices are modestly higher ahead of this morning's official energy inventory and supply data, but have come dramatically back off the overnight spike highs driven by CNN headlines suggesting Israel is ready to strike Iranian nuclear enriuchment sites.
“Either the impact on the oil market in case of an attack is assumed to be low, or the probability for an attack is assumed to be low,” said Bjarne Schieldrop, chief commodities analyst at SEB AB.
Wednesday's gain “is not much when we are talking bombs in the Middle East major oil producing region.”
Overnight also saw API report another sizable crude inventory build, while products drewdown (again)...
API
Crude +2.5mm
Cushing -443k
Gasoline -3.24mm
Distillates -1.4mm
DOE
Crude +1.33mm
Cushing -457k
Gasoline +816k - biggest build since January
Distillates +579k
A smaller than expected crude build was offset by an unexpec...
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07.05.25 - 13:48
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Spritpreise in Deutschland fallen auf Jahrestief (DPA-AFX)
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MÜNCHEN (dpa-AFX) - Tanken ist derzeit so billig wie noch nie in diesem Jahr. Sowohl Superbenzin der Sorte E10 als auch Diesel sind im allwöchentlichen Preisvergleich des ADAC auf Jahrestiefstständen angekommen. E10 verbilligte ......
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02.05.25 - 16:48
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Transparenz macht Benzin billiger (FAZ)
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Seit zwölf Jahren müssen Tankstellen in Deutschland Preisänderungen in Echtzeit melden. Autofahrer können seither über Apps die Preise vergleichen. Was genau hat es gebracht?...
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30.04.25 - 17:12
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WTI ′Off The Lows′ After Large Crude/Gasoline Inventory Draws; Pump-Prices Set To Tumble (ZeroHedge)
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WTI 'Off The Lows' After Large Crude/Gasoline Inventory Draws; Pump-Prices Set To Tumble
Oil prices extended their recent plunge this morning as traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel's errant members.
“History shows that when OPEC+ leadership decides to encourage compliance by supply pressure, it does not stop until it achieves its goal,” said Bob McNally, president and founder of Rapidan Energy Advisers LLC and a former White House energy official.
Overnight we saw a mixed bag from API (big crude build and bid product draws). Now let's see what the official data has to show...
API
Crude +3.8mm
Cushing +674k
Gasoline -3.1mm
Distillates -2.5mm
DOE
Crude -2.696mm
Cushing +682k
Gasoline -4.003mm
Distillates +937k
The official data was just as mixed but showed a sizable draw in crude inventories and gasoline stocks (fell for the ninth week in a...
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