Articles by Julianne Geiger

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Oil Prices Slip After API Reports Small Build In Crude Inventories

The American Petroleum Institute (API) reported a build of 1.821 million barrels of United States crude oil inventories for week ending November 24, against analyst forecasts for an inventory drawdown of 3.15 million barrels.  Last week the API had rep…


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Oil Prices Slip After API Reports Small Build In Crude Inventories

The American Petroleum Institute (API) reported a build of 1.821 million barrels of United States crude oil inventories for week ending November 24, against analyst forecasts for an inventory drawdown of 3.15 million barrels.  Last week the API had rep…


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Oil Prices Slip After API Reports Small Build In Crude Inventories

The American Petroleum Institute (API) reported a build of 1.821 million barrels of United States crude oil inventories for week ending November 24, against analyst forecasts for an inventory drawdown of 3.15 million barrels.  Last week the API had rep…


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U.S. Oil Rig Count Rises Amid Record Breaking Production

The number of oil and gas rigs in the United States rose again this week. The boost in the number of active oil rigs this week brings the total gained in November to 10—the first monthly gain since July.Oil and gas rigs combined were up by 14 in Novemb…


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Oil Prices Rise After API Reports Major Crude Draw

The American Petroleum Institute (API) reported a draw of 6.356 million barrels of United States crude oil inventories, against a survey of S&P Global Platts analysts that predicted an inventory drawdown of just 2.1 million barrels. Last week API had r…


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The Wireless Power Grid: More Than A 100 Years In The Making

If you can imagine a massive, horrifying beast with some 6 million miles of tentacles that costs up to $33 billion to feed and $5 trillion to replace, then you can imagine the U.S. electricity grid. But it’s a beast that can possibly be vanquished, fin…


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Markets Shrug On Flat Oil Rig Count

The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks prior.  The number of oil rigs stayed flat this week, while the number of gas rigs gained …


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API Reports Yet Another Crude Inventory Draw

The American Petroleum Institute (API) reported a draw of 1.562 million barrels in United States crude oil inventories, against an S&P Platts’ survey of analysts that expected inventories would draw down by 2.7 million barrels for the week ending November 3—continuing the drawdown that the market has seen in recent weeks. Gasoline inventories, according to the API, saw a small build of 520,000 barrels for the week ending November 3, against an expectation of a draw of 2.25 million barrels.   Both WTI and Brent benchmarks were…


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API Reports Yet Another Crude Inventory Draw

The American Petroleum Institute (API) reported a draw of 1.562 million barrels in United States crude oil inventories, against an S&P Platts’ survey of analysts that expected inventories would draw down by 2.7 million barrels for the week ending November 3—continuing the drawdown that the market has seen in recent weeks. Gasoline inventories, according to the API, saw a small build of 520,000 barrels for the week ending November 3, against an expectation of a draw of 2.25 million barrels.   Both WTI and Brent benchmarks were…


No Image

API Reports Yet Another Crude Inventory Draw

The American Petroleum Institute (API) reported a draw of 1.562 million barrels in United States crude oil inventories, against an S&P Platts’ survey of analysts that expected inventories would draw down by 2.7 million barrels for the week ending November 3—continuing the drawdown that the market has seen in recent weeks. Gasoline inventories, according to the API, saw a small build of 520,000 barrels for the week ending November 3, against an expectation of a draw of 2.25 million barrels.   Both WTI and Brent benchmarks were…