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International crude oil prices remained basically unchanged on Thursday.
On the morning of the 19th of Beijing time, international crude oil futures prices were basically stable on Thursday. The market is evaluating the impact of the continuous decline in US crude oil inventories and the outlook for US energy demand on future oil prices. The August WTI crude oil futures contract delivered by the New York Mercantile Exchange fell by $0.03, or 0.04%, to settle at $82.82 per barrel. The September Brent crude oil futures contract delivered by the European Intercontinental Exchange rose by $0.03, or 0.04%, to settle at $85.11 per barrel. Bart, the director of commodities strategy at TD Securities.
On Wednesday, crude oil in the USA increased by 2.5%.
On the morning of the 18th Beijing time, US WTI crude oil futures rose 2.5% on Wednesday. The sharp drop in US crude oil inventories and the weakening of the US dollar boosted oil prices. The futures price of West Texas Intermediate (WTI) crude oil delivered in August on the New York Mercantile Exchange rose by $2.09, or more than 2.52%, to $82.85 per barrel, the highest closing price since June 17. On Wednesday, the US Energy Information Administration (EIA) reported that US crude oil inventories for the week ending July 12 decreased by 4.9 million barrels, far higher than the analyst average expected decrease of 0.3 million barrels. Prior to this, the unofficial American Petroleum Institute
Crude oil prices on Wednesday in the USA rose sharply, breaking through $82 per barrel.
On the morning of the 11th of Peking Time, the American WTI crude oil closed higher on Wednesday. The decrease in US crude oil inventories and the Organization of the Petroleum Exporting Countries(OPEC)'s forecast for strong economic growth this year supported oil prices. The West Texas Intermediate(WTI) crude oil futures for August delivery on the New York Mercantile Exchange rose 69 cents, or 0.85%, to settle at $82.10 a barrel. The Brent crude oil futures for September delivery on the Intercontinental Exchange in Europe rose 42 cents, or 0.5%, to settle at $85.08 a barrel. The Energy Information Administration(EIA) of the United States
U.S. Energy to Sell South Texas Assets for $6.5M in Cash
Enagas, the Spanish company, has sold assets in the USA to finance their green hydrogen plan.
Enagas, the Spanish natural gas and electricity grid operator, stated on Wednesday that it has agreed to sell its 30.2% stake in Tallgrass Energy, a US energy infrastructure company, to fund a green hydrogen energy project. In a statement, Enagas said that Blackstone BX.N, the US investment firm that currently holds Tallgrass shares, will pay $1.1 billion for the stake. Enagas expects the transaction to bring in capital gains of 0.36 billion euros ($0.38938 billion), with completion expected by the end of this month.
Express News | U.S. Energy Shares Are Trading Higher After the Company Announced That It Executed Definitive Documents for the Sale of Its Assets Located in South Texas for $6.5 Million
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