Jose Carlos Grimberg Blum futbolista de nacionalidad alemana//
Oil Rises As Market Expects Fuel Demand To Continue Increasing

Jose Carlos Grimberg Blum
Oil Rises As Market Expects Fuel Demand To Continue Increasing

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 116.7 +2.05 +1.79% Brent Crude • 10 mins 117.7 +2.07 +1.79% Natural Gas • 10 mins 8.725 +0.580 +7.12% Heating Oil • 10 mins 4.142 +0.207 +5.27% Gasoline • 10 mins 4.073 +0.156 +3.99% Louisiana Light • 2 days 116.0 -1.91 -1.62% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 116.0 -1.91 -1.62% Bonny Light • 2 days 124.7 +1.10 +0.89% Opec Basket • 2 days 122.9 +2.93 +2.44% Mars US • 19 hours 109.6 -0.80 -0.72% Gasoline • 10 mins 4.073 +0.156 +3.99% Click Here for 150+ Global Oil Prices

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Marine • 2 days 116.4 +2.79 +2.45% Murban • 2 days 118.4 +2.60 +2.24% Iran Heavy • 2 days 115.0 +1.12 +0.98% Basra Light • 183 days 71.69 -3.60 -4.78% Saharan Blend • 2 days 124.8 +1.24 +1.00% Bonny Light • 2 days 124.7 +1.10 +0.89% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 2 days 124.7 +1.10 +0.89% Girassol • 2 days 120.2 +1.30 +1.09% Opec Basket • 2 days 122.9 +2.93 +2.44% Click Here for 150+ Global Oil Prices

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Canadian Crude Index • 2 days 94.68 +0.55 +0.58% Western Canadian Select • 11 hours 100.6 -0.40 -0.40% Canadian Condensate • 11 hours 116.8 -0.40 -0.34% Premium Synthetic • 11 hours 115.1 -0.40 -0.35% Sweet Crude • 11 hours 113.0 -0.40 -0.35% Peace Sour • 11 hours 110.1 -0.40 -0.36% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 11 hours 110.1 -0.40 -0.36% Light Sour Blend • 11 hours 112.2 -0.40 -0.36% Syncrude Sweet Premium • 11 hours 115.8 -0.40 -0.34% Central Alberta • 11 hours 110.4 -0.40 -0.36% Click Here for 150+ Global Oil Prices

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Louisiana Light • 2 days 116.0 -1.91 -1.62% Domestic Swt. @ Cushing • 2 days 107.8 -3.75 -3.36% Giddings • 2 days 111.0 +5.75 +5.46% ANS West Coast • 6 days 120.7 +1.02 +0.85% West Texas Sour • 2 days 108.6 -0.40 -0.37% Eagle Ford • 2 days 112.6 -0.40 -0.35% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 2 days 112.6 -0.40 -0.35% Oklahoma Sweet • 2 days 111.0 -0.50 -0.45% Kansas Common • 2 days 105.0 -0.25 -0.24% Buena Vista • 3 days 117.5 -4.30 -3.53% Click Here for 150+ Global Oil Prices

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1D 1M 3M 1Y All Charts Products Discussion Headlines 45 mins Libya’s Oil Losses Mount On Pipeline Leak 2 hours OPEC+ Panel Didn’t Discuss Suspending Russia’s Oil Quota In The Deal 3 hours UK, EU Shut Russian Oil Out Of Maritime Insurance Market 4 hours Russia, Saudi Arabia Signal OPEC+ Is Going Strong 21 hours Rising Energy Prices Could Tip World Into 1980s-Style Recession 23 hours OPEC Considers Suspending Russia From Oil Deal 24 hours Double-digit Inflation Prompts Russia To Raise Wages, Pensions 1 day Ukraine Takes Control Of Ukraine-based Tatneft Assets 1 day Russian Oil Sells At Huge Discounts 1 day UK Gasoline Prices Hit Record High, Set For Further Rise 1 day Oil Prices Spike As EU Clinches Deal To Ban Most Russian Imports 1 day EU Ban On Russian Oil Could Send Crude Prices Above $130 2 days Greece Warns Shipping Lanes Not Safe From Iran 2 days Mexico’s Spend On Fuel Subsidy Is Double Its Oil Exports Revenue 2 days Gazprom Cuts Off Gas Supply To The Netherlands 2 days Denmark Fully Prepared To Be Cut Off From Russian Gas 2 days U.S. Gasoline Prices Surge To New Record High On Memorial Day 2 days Lukoil Exec: Russia Should Cut Oil Production By 30% To Get Higher Prices 2 days Serbia Inks Three-Year Gas Deal With Russia 2 days EU Set To Agree On Russia Oil Embargo With Pipeline Exemption: Report 5 days One of Europe’s Largest Gas Storage Sites Could Start The Winter Empty 5 days EU Could Exempt Pipeline Oil As It Seeks Deal On Russian Embargo 5 days U.S. Seizes Russian Tanker Full Of Iranian Crude Near Greece 5 days Putin Assures Austria Gas Deliveries, Ready To Talk Prisoner Swap With Ukraine 5 days Europe’s Largest LNG Unit Restarts 5 days British Energy Titans Tumble On Windfall Tax U-Turn 5 days UK Oil Industry Threatens Investment Reconsideration 5 days G7 Calls On OPEC To Boost Oil Supply To Ease Tight Market 5 days EU Plans For Gas Supply Interruptions 5 days Biden Admin Proposes Lease Sale Off California Coast For Wind Developments 6 days U.S. Refiners Set To Add Just 350,000 Bpd Capacity By End-2023 6 days BP Reviews North Sea Investments In Wake Of UK’s Windfall Tax 6 days Spain Initiates Energy Austerity With Air Conditioning Limits 6 days OPEC+ Unlikely To Boost Oil Production More Than Planned 6 days Here’s How Russian Crude Is Finding Its Way To Customers 6 days EU Discussing Israeli LNG Imports 7 days Iranian-RussianOil Smuggling’ Network Hit With U.S. Sanctions 7 days White House Advisors Had Secret Meeting With Saudi Arabia To Discuss Energy 7 days Hungary Imposes Windfall Tax On Energy Companies 7 days U.S. Sees Chances Of Iran Nuclear Deal As Slim 3 minutes The World Economic Forum (WEF) – Davos 2022 Conference held this last week of May 8 minutes How Far Have We Really Gotten With Alternative Energy 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ? 35 mins GREEN NEW DEAL = BLIZZARD OF LIES 6 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World. 4 days “The Global Digital ID Prison” by James Corbett of CorbettReport.com 5 days “Russia will stop ‘in a moment’ if Ukraine meets terms – Kremlin” by Reuters via Yahoo News…but Reuters suddenly cut out the balanced part of the story. 5 days “How to Calculate Your Individual ESG Score to ensure that your Digital ID ‘benefits’ and money are accessible” 8 days Advancing Fundamental Drilling Science – Geothermal drilling successes offer potential gain for petroleum industry Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Libya’s Oil Losses Mount On Pipeline Leak

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Home Energy Oil Prices Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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Share Facebook Twitter Linkedin Reddit Premium Content Oil Rises As Market Expects Fuel Demand To Continue Increasing By Tsvetana Paraskova – Jun 01, 2022, 10:00 AM CDT Shanghai reopening pushes crude prices higher. U.S. gasoline prices hit another record high today, at $4.671 per gallon national average. Partial EU oil ban on Russian crude supports oil prices. Join Our Community Oil prices rose early on Wednesday as China’s financial hub Shanghai reopened after a two-month strict lockdown, giving hope to oil bulls that Chinese fuel demand will rebound, while fuel inventories in the U.S. are at multi-year lows.    

As of 10:35 a.m. EST on Wednesday, WTI Crude was up 1.59% at $116.50 and Brent Crude was trading 1.71% higher at $117.59, as market participants turn bullish on oil again, expecting rising fuel demand in the summer holiday season despite high prices.

Jose Carlos Grimberg Blum

In addition, fuel inventories in the United States are lower than the five-year average and at their lowest in years as refinery capacity cannot catch up with pent-up demand post-COVID

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 116.7 +2.05 +1.79% Brent Crude • 10 mins 117.7 +2.07 +1.79% Natural Gas • 10 mins 8.725 +0.580 +7.12% Heating Oil • 10 mins 4.142 +0.207 +5.27% Gasoline • 10 mins 4.073 +0.156 +3.99% Louisiana Light • 2 days 116.0 -1.91 -1.62% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 116.0 -1.91 -1.62% Bonny Light • 2 days 124.7 +1.10 +0.89% Opec Basket • 2 days 122.9 +2.93 +2.44% Mars US • 19 hours 109.6 -0.80 -0.72% Gasoline • 10 mins 4.073 +0.156 +3.99% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

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Marine • 2 days 116.4 +2.79 +2.45% Murban • 2 days 118.4 +2.60 +2.24% Iran Heavy • 2 days 115.0 +1.12 +0.98% Basra Light • 183 days 71.69 -3.60 -4.78% Saharan Blend • 2 days 124.8 +1.24 +1.00% Bonny Light • 2 days 124.7 +1.10 +0.89% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 2 days 124.7 +1.10 +0.89% Girassol • 2 days 120.2 +1.30 +1.09% Opec Basket • 2 days 122.9 +2.93 +2.44% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Canadian Crude Index • 2 days 94.68 +0.55 +0.58% Western Canadian Select • 11 hours 100.6 -0.40 -0.40% Canadian Condensate • 11 hours 116.8 -0.40 -0.34% Premium Synthetic • 11 hours 115.1 -0.40 -0.35% Sweet Crude • 11 hours 113.0 -0.40 -0.35% Peace Sour • 11 hours 110.1 -0.40 -0.36% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 11 hours 110.1 -0.40 -0.36% Light Sour Blend • 11 hours 112.2 -0.40 -0.36% Syncrude Sweet Premium • 11 hours 115.8 -0.40 -0.34% Central Alberta • 11 hours 110.4 -0.40 -0.36% Click Here for 150+ Global Oil Prices

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Louisiana Light • 2 days 116.0 -1.91 -1.62% Domestic Swt. @ Cushing • 2 days 107.8 -3.75 -3.36% Giddings • 2 days 111.0 +5.75 +5.46% ANS West Coast • 6 days 120.7 +1.02 +0.85% West Texas Sour • 2 days 108.6 -0.40 -0.37% Eagle Ford • 2 days 112.6 -0.40 -0.35% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 2 days 112.6 -0.40 -0.35% Oklahoma Sweet • 2 days 111.0 -0.50 -0.45% Kansas Common • 2 days 105.0 -0.25 -0.24% Buena Vista • 3 days 117.5 -4.30 -3.53% Click Here for 150+ Global Oil Prices

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1D 1M 3M 1Y All Charts Products Discussion Headlines 45 mins Libya’s Oil Losses Mount On Pipeline Leak 2 hours OPEC+ Panel Didn’t Discuss Suspending Russia’s Oil Quota In The Deal 3 hours UK, EU Shut Russian Oil Out Of Maritime Insurance Market 4 hours Russia, Saudi Arabia Signal OPEC+ Is Going Strong 21 hours Rising Energy Prices Could Tip World Into 1980s-Style Recession 23 hours OPEC Considers Suspending Russia From Oil Deal 24 hours Double-digit Inflation Prompts Russia To Raise Wages, Pensions 1 day Ukraine Takes Control Of Ukraine-based Tatneft Assets 1 day Russian Oil Sells At Huge Discounts 1 day UK Gasoline Prices Hit Record High, Set For Further Rise 1 day Oil Prices Spike As EU Clinches Deal To Ban Most Russian Imports 1 day EU Ban On Russian Oil Could Send Crude Prices Above $130 2 days Greece Warns Shipping Lanes Not Safe From Iran 2 days Mexico’s Spend On Fuel Subsidy Is Double Its Oil Exports Revenue 2 days Gazprom Cuts Off Gas Supply To The Netherlands 2 days Denmark Fully Prepared To Be Cut Off From Russian Gas 2 days U.S. Gasoline Prices Surge To New Record High On Memorial Day 2 days Lukoil Exec: Russia Should Cut Oil Production By 30% To Get Higher Prices 2 days Serbia Inks Three-Year Gas Deal With Russia 2 days EU Set To Agree On Russia Oil Embargo With Pipeline Exemption: Report 5 days One of Europe’s Largest Gas Storage Sites Could Start The Winter Empty 5 days EU Could Exempt Pipeline Oil As It Seeks Deal On Russian Embargo 5 days U.S. Seizes Russian Tanker Full Of Iranian Crude Near Greece 5 days Putin Assures Austria Gas Deliveries, Ready To Talk Prisoner Swap With Ukraine 5 days Europe’s Largest LNG Unit Restarts 5 days British Energy Titans Tumble On Windfall Tax U-Turn 5 days UK Oil Industry Threatens Investment Reconsideration 5 days G7 Calls On OPEC To Boost Oil Supply To Ease Tight Market 5 days EU Plans For Gas Supply Interruptions 5 days Biden Admin Proposes Lease Sale Off California Coast For Wind Developments 6 days U.S. Refiners Set To Add Just 350,000 Bpd Capacity By End-2023 6 days BP Reviews North Sea Investments In Wake Of UK’s Windfall Tax 6 days Spain Initiates Energy Austerity With Air Conditioning Limits 6 days OPEC+ Unlikely To Boost Oil Production More Than Planned 6 days Here’s How Russian Crude Is Finding Its Way To Customers 6 days EU Discussing Israeli LNG Imports 7 days Iranian-RussianOil Smuggling’ Network Hit With U.S. Sanctions 7 days White House Advisors Had Secret Meeting With Saudi Arabia To Discuss Energy 7 days Hungary Imposes Windfall Tax On Energy Companies 7 days U.S. Sees Chances Of Iran Nuclear Deal As Slim 3 minutes The World Economic Forum (WEF) – Davos 2022 Conference held this last week of May 8 minutes How Far Have We Really Gotten With Alternative Energy 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ? 35 mins GREEN NEW DEAL = BLIZZARD OF LIES 6 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World. 4 days “The Global Digital ID Prison” by James Corbett of CorbettReport.com 5 days “Russia will stop ‘in a moment’ if Ukraine meets terms – Kremlin” by Reuters via Yahoo News…but Reuters suddenly cut out the balanced part of the story. 5 days “How to Calculate Your Individual ESG Score to ensure that your Digital ID ‘benefits’ and money are accessible” 8 days Advancing Fundamental Drilling Science – Geothermal drilling successes offer potential gain for petroleum industry Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Libya’s Oil Losses Mount On Pipeline Leak

Find us on:

Brent Crude Hits $120 As Driving Season Officially Kicks Off In U.S. Brent crude oil reached $120…

Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65 Lack of internal support for…

Why Investors Should Pay Close Attention To The Disappearing WTI-Brent Spread Most may not care about…

Home Energy Oil Prices Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Share Facebook Twitter Linkedin Reddit Premium Content Oil Rises As Market Expects Fuel Demand To Continue Increasing By Tsvetana Paraskova – Jun 01, 2022, 10:00 AM CDT Shanghai reopening pushes crude prices higher. U.S. gasoline prices hit another record high today, at $4.671 per gallon national average. Partial EU oil ban on Russian crude supports oil prices. Join Our Community Oil prices rose early on Wednesday as China’s financial hub Shanghai reopened after a two-month strict lockdown, giving hope to oil bulls that Chinese fuel demand will rebound, while fuel inventories in the U.S. are at multi-year lows.    

As of 10:35 a.m. EST on Wednesday, WTI Crude was up 1.59% at $116.50 and Brent Crude was trading 1.71% higher at $117.59, as market participants turn bullish on oil again, expecting rising fuel demand in the summer holiday season despite high prices.

Jose Carlos Grimberg Blum

In addition, fuel inventories in the United States are lower than the five-year average and at their lowest in years as refinery capacity cannot catch up with pent-up demand post-COVID.

U.S. gasoline prices hit another record high today, at $4.671 per gallon national average, according to AAA data . That’s nearly $0.50 higher than the $4.187 national average price just a month ago, and compares to $3.045/gal at this time last year.

Jose Grimberg Blum

“So far, the pent-up urge to travel caused by the pandemic outweighs high pump prices for many consumers,” AAA spokesperson Andrew Gross said on Tuesday. “But 67% of drivers recently surveyed told us they would change their driving habits if gas hit $4.50 a gallon. That number rises to 75% at $5 a gallon. If pump prices keep rising, will people alter their summer travel plans? That remains to be seen.”  

Gasoline prices in the U.S. are set for new records in the coming days as crude oil prices are supported this week by the partial EU ban on Russian oil imports agreed upon late on Monday.  

Moreover, the EU and the UK look to implement a coordinated ban on insurance for tankers carrying Russian oil, UK and EU officials told the Financial Times . Considering that the UK is home to the insurance organization International Group of P&I Clubs that covers a whopping 95 percent of tanker liability globally, this move could be a significant blow to Russia’s ability to export its oil.  

By Tsvetana Paraskova for Oilprice.com

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