US EIA Weekly Crude Production Change, 1.4% (Prev. 3.61%)
Newsquawk Staff ·
US EIA Weekly Crude Production Change, 1.4% (Prev. 3.61%)
What it means
The latest EIA report indicates a notable decrease in U.S. crude production change to 1.4% from the previous 3.61%. This tightening could suggest a demand-supply imbalance, potentially impacting oil prices as market participants reassess future production levels. Monitor for implications on WTI and Brent pricing, especially as geopolitical tensions continue to influence commodity markets.
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
Related headlines
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats4 hours ago
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports5 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade9 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press9 hours ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm10 hours ago
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln5 hours ago
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources6 hours ago
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT9 hours ago
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy 9 hours ago
- RBA Governor Bullock says a key question is whether monetary policy tightening so far will be sufficient to return inflation to target within a reasonable timeframe, adds remain committed to the mandate of delivering price stability and full employment1 hour ago
- ONEOK Inc. (OKE) Q3 2026 (USD): EPS 2.13 (exp. 1.51), Adj. EBITDA 2.24bln (exp. 2.17bln)5 hours ago
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: SK Hynix earnings in focus2 hours ago
- Visa (V) Q4 2026 (USD): Adj. EPS 3.48 (exp. 3.44), Revenue 12.1bln (exp. 12.09bln), Adj. net income 6.6bln (exp. 6.48bln); raises dividend 16% to 0.78/shr5 hours ago
- US Energy Secretary Wright says Iran war has come at a cost7 hours ago
- US sells USD 70bln of 5-year notes; Tail 0.4bps8 hours ago