Thankful Material’s Post

The crude oil market has experienced recent fluctuations, with West Texas Intermediate (WTI) prices rebounding from a multi-week low to approximately $67.4 per barrel. This upward movement is largely attributed to escalating tensions in the Middle East... . . . #OPEC #Oilindustry #GasIndustry #oilandgasindustry #frackingindustry #Hydraulicfracking #fracking #fracplugs #plugs #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #Solublefracballs #fracball #solubleball #oilfield #oilfieldtoolaccessories #accessories #tools #oilfieldtools #Oilindustry #GasIndustry #oilandgasindustry #frackingindustry #Hydraulicfracking #fracking #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #trending #topcompany #supplier #supplierfromchina #importexport #latestnews #breakingnews #oilindustry #oilnews #gasnews #oilandgasindustry #thankfulmaterial #offshore #inshore #oilproduction #supplier #oilproducer #oilandgasfacts #oilproducts #gasproducts #oilandgasproducts #ai #trending #wellcompletion #wellproducts #titanium #magnesium #metals #products #exportimport #oilexploration #fracplugs #oiltools #crudeoil #crudeoilexploration #crudeoilindustry #us #downholetools #tools #supplier #supplierfromchina #topcompany #trending #china #importexport

US oil reserves rose sharply last week. Commercial oil reserves in the US rose significantly more than expected. Crude oil reserves in the US rose significantly more than expected last week: the increase amounted to 5.47 million barrels. Analysts expected oil reserves in the US to grow by 800 thousand barrels, even the American Petroleum Institute yesterday gave a forecast of 1.6 million barrels. Also last week, commercial gasoline reserves in the US rose by 880 thousand barrels. Analysts expected them to decrease by 1.6 million barrels. Distillate reserves in the US fell by 1.1 million barrels last week. However, here, too, below the forecast: analysts expected a decrease of 2 million barrels. Oil prices are falling by Wednesday evening. December Brent ICE futures are down 1.7% to $74.75 per barrel by 18:10 Moscow time. WTI for December delivery is down 1.49% to $70.67 per barrel. However, oil is falling in the absence of fundamental factors that could provide it with positive dynamics, and traders apparently downgraded their assessment of the geopolitical factor — the risk of loss of Iranian supplies due to a possible Israeli strike on Iran — this week. https://lnkd.in/egW3yUYt #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production #oilandgas #collaboration #contentmarketing #research #globaltrade #onlineadvertising #dubai #kenya #abudhabi #socialmediamarketing #manufacturing #climatechange #oilandgas #work #oilgas #science #logistics #hydrocarbons #shipping #growth #uae #marketresearch #oil #oilindustry #oilandgasindustry #agriculture #designer #oilfield #oilindustry #petroleum #trading #gas #chemistry #chemical #petrochemical #agro #refinery #import #export #industrial #agribusiness #quality 

US oil reserves fell by 2.2 million barrels. Commercial inventories of crude oil and petroleum products in the US decreased last week. Commercial crude oil inventories in the US last week fell by 2.2 million barrels to 420.6 million barrels, according to data from the Energy Information Administration of the US Department of Energy. Analysts expected a slight increase in reserves, but yesterday's forecast by the American Petroleum Institute also showed a decrease. Commercial gasoline inventories in the US also decreased: the drop was 2.2 million barrels, the volume of commercial gasoline reserves was 212.7 million barrels. Distillate inventories also showed negative dynamics last week - minus 3.5 million barrels, reserves amounted to almost 115 million barrels. Oil prices react weakly to the news of a decrease in crude oil and petroleum product inventories in the US. December Brent futures at 18:10 Moscow time are up 0.22% from the previous trades, to $74.38, but are falling during today's session. WTI for November delivery, which has an expiration (closing) date coming up, is down 0.11%, to $70.31 per barrel. https://lnkd.in/ecHT5q_k #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production #oilandgas #collaboration #contentmarketing #research #globaltrade #onlineadvertising #dubai #kenya #abudhabi #socialmediamarketing #manufacturing #climatechange #oilandgas #work #oilgas #science #logistics #hydrocarbons #shipping #growth #uae #marketresearch #oil #oilindustry #oilandgasindustry #agriculture #designer #oilfield #oilindustry #petroleum #trading #gas #chemistry #chemical #petrochemical #agro #refinery #import #export #industrial #agribusiness #quality 

Brent crude oil hits an 8-month low, dropping below $75.9 per barrel as of Tuesday. Expectations of subdued demand and ample supply are driving this decline. New data from China further fuels concerns, indicating a sluggish economic recovery, with key factory demand metrics dipping more than anticipated in August. Major Chinese oil players like Sinopec, PetroChina, and CNOOC report lower revenue, aligning with reduced oil tanker arrivals in the country. On the US front, June saw the lowest oil consumption levels since 2020, as per EIA data. In response, OPEC is gearing up to boost output in Q4, compensating for production cuts in Libya🇱🇾. #OilMarket #EconomicTrends 📊🛢️ Sep.03.2024 AT 06:48 AM

Oil prices have surged to their highest levels since mid-October, as the beginning of 2025 sees market uncertainty. West Texas Intermediate (WTI) oil has now risen for five consecutive sessions, nearing $74 per barrel... . . . #OilPrices #RiseUp #westtexas #Oilindustry #GasIndustry #thankfulmaterial #frackingindustry #Hydraulicfracking #fracking #fracplugs #plugs #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #Solublefracballs #fracball #solubleball #oilfield #oilfieldtoolaccessories #accessories #tools #oilfieldtools #Oilindustry #GasIndustry #oilandgasindustry #frackingindustry #Hydraulicfracking #fracking #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #trending #topcompany #supplier #supplierfromchina #importexport #latestnews #breakingnews #oilindustry #oilnews #gasnews #oilandgasindustry #thankfulmaterial #offshore #inshore #oilproduction #supplier #oilproducer #oilandgasfacts #oilproducts #gasproducts #oilandgasproducts #ai #trending #wellcompletion #wellproducts #titanium #magnesium #metals #products #exportimport #oilexploration #fracplugs #oiltools #crudeoil #crudeoilexploration #crudeoilindustry #us #downholetools #tools #supplier #supplierfromchina #topcompany #trending #china #importexport

Oil prices have surged to their highest levels since mid-October, as the beginning of 2025 sees market uncertainty. West Texas Intermediate (WTI) oil has now risen for five consecutive sessions, nearing $74 per barrel... . . . #OilPrices #RiseUp #westtexas #Oilindustry #GasIndustry #thankfulmaterial #frackingindustry #Hydraulicfracking #fracking #fracplugs #plugs #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #Solublefracballs #fracball #solubleball #oilfield #oilfieldtoolaccessories #accessories #tools #oilfieldtools #Oilindustry #GasIndustry #oilandgasindustry #frackingindustry #Hydraulicfracking #fracking #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #trending #topcompany #supplier #supplierfromchina #importexport #latestnews #breakingnews #oilindustry #oilnews #gasnews #oilandgasindustry #thankfulmaterial #offshore #inshore #oilproduction #supplier #oilproducer #oilandgasfacts #oilproducts #gasproducts #oilandgasproducts #ai #trending #wellcompletion #wellproducts #titanium #magnesium #metals #products #exportimport #oilexploration #fracplugs #oiltools #crudeoil #crudeoilexploration #crudeoilindustry #us #downholetools #tools #supplier #supplierfromchina #topcompany #trending #china #importexport

US crude oil reserves fell by 1.84 million barrels in a week, while gasoline reserves grew by 3.3 million barrels. Crude oil reserves in the US fell by 1.84 million barrels last week, the US Department of Energy reported. Analysts expected a decline of only 1.3 million barrels, while yesterday's forecast by the American Petroleum Institute showed a drop of almost 6 million barrels. Commercial gasoline reserves in the US grew significantly last week — by 3.3 million barrels, distillate reserves also grew, but only by 420 thousand barrels. Excess oil reserves at the largest US oil terminal in Cushing fell by 0.91 million barrels. Oil production in the US also increased significantly last week — by almost 0.3 million bpd, to 13.49 million bpd. Oil prices are slightly rising on Wednesday evening on the back of data on US commercial crude oil stockpiles: February Brent futures are up 0.14% to $72.42 per barrel, WTI for January delivery is up 0.22% to $68.92 per barrel. Content Author: https://lnkd.in/eSZPPd6P Source: https://lnkd.in/eQcCpqKW   #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production #oilandgas #collaboration #contentmarketing #research #globaltrade #onlineadvertising #dubai #kenya #abudhabi #socialmediamarketing #manufacturing #climatechange #oilandgas #work #oilgas #science #logistics #hydrocarbons #shipping #growth #uae #marketresearch #oil #oilindustry #oilandgasindustry #agriculture #designer #oilfield #oilindustry #petroleum #trading #gas #chemistry #chemical #petrochemical #agro #refinery #import #export #industrial #agribusiness #quality 

Crude Oil Declines Will Be Limited

Brent crude oil prices rose to $74.2 per barrel on Friday. Information about a reduction in American reserves of black gold on Friday led to an increase in oil prices. The price of oil rose by almost 1.5% on Friday after information about a reduction in American reserves of black gold. The price of the benchmark Brent grade for February delivery at London trading rose by $0.91 to $74.17 per barrel. The cost of WTI for February delivery in New York rose even more by $0.98 to $70.6. According to the US Department of Energy, weekly US oil reserves decreased by 4.237 million barrels, reaching 416.78 million. Gasoline reserves increased by 1.63 million, and distillates fell by 1.694 million. The decrease in crude oil reserves in the States pushed prices up. And the oil market is still affected by the Middle East escalation and difficulties with transporting black gold through the Red Sea. That is, the oil market is still largely ruled by geopolitics. Content Author: https://lnkd.in/egV-Q8BH Source: https://lnkd.in/epfKdV6E   #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production #oilandgas #collaboration #contentmarketing #research #globaltrade #onlineadvertising #dubai #kenya #abudhabi #socialmediamarketing #manufacturing #climatechange #oilandgas #work #oilgas #science #logistics #hydrocarbons #shipping #growth #uae #marketresearch #oil #oilindustry #oilandgasindustry #agriculture #designer #oilfield #oilindustry #petroleum #trading #gas #chemistry #chemical #petrochemical #agro #refinery #import #export #industrial #agribusiness #quality