ICE cotton futures saw a slight rebound after recent lows, capped by a stronger dollar. Traders have shifted focus to the March 2025 contract, with trading volume remaining high. Crude oil's recovery offset earlier price declines, easing polyester costs. Other agricultural commodities showed mixed trends. Traders await the USDA export sales report, with attention on Chinese demand.

The data is a day later than normal this week due to the US holiday on Monday.

The numbers via oilprice.com on Twitter:

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Expectations I had seen centred on:

• Headline crude +0.1 mn barrels
• Distillates +0.2 mn bbls
• Gasoline +0.6 mn

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This data point is from a privately-conducted survey by the American Petroleum Institute (API).

• It's a survey of oil storage facilities and companies
• The official report is due Wednesday morning US time.

The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)

• Its based on data from the Department of Energy and other government agencies
• Whereas information on total crude oil storage levels and variations from the previous week's levels are both provided by the API report, the EIA report also provides statistics on inputs and outputs from refineries, as well as other significant indicators of the status of the oil market, and storage levels for various grades of crude oil, such as light, medium, and heavy.
• the EIA report is held to be more accurate and comprehensive than the survey from the API

Emulando al tiempo, mas frió que los callos de Pessoa, y solo propicio para becadas y castañeras, los gélidos informes económicos del FMI, recordándonos que ocupamos el vagón de cola, nos hacen presagiar que también en este año de gracia (poca), los de mi gremio lo tenemos crudo.

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s average daily crude oil production rose marginally to 1.33 million barrels per day (bpd) in October 2024. OPEC disclosed this in its monthly oil market report released on November 12. It said the figure was obtained from direct communication with Nigerian officials. The organisation […]

The post Nigeria’s crude oil production increased to 1.33m bpd in October – OPEC first appeared on Business Hallmark.

Ferguson, D K; Li, C; Jiang, C; Chakraborty, A; Grasby, S E; Hubert, C R J. Science of the Total Environment vol. 722, 137258, 2020 p. 1-12, https://doi.org/10.1016/j.scitotenv.2020.137258
<a href="https://geoscan.nrcan.gc.ca/images/geoscan/20190541.jpg"><img src="https://geoscan.nrcan.gc.ca/images/geoscan/20190541.jpg" title="Science of the Total Environment vol. 722, 137258, 2020 p. 1-12, https://doi.org/10.1016/j.scitotenv.2020.137258" height="150" border="1" /></a>

At 9.57 am on Wednesday, January Brent oil futures were at $72.04, up by 0.21%, and December crude oil futures on WTI (West Texas Intermediate) were at $68.25, up by 0.19%.

W oprogramowaniu CRUDDIY wykryto podatność typu OS Command Injection (CVE-2024-4748).

In July 2024, the Biden-Harris administration made a significant move to bolster the United States’ energy security by purchasing 4.65 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). This acquisition is part of a broader effort to replenish the SPR, which had been significantly drawn down in response to the global energy crisis triggered by the Russian invasion of Ukraine in 2022. The U.S. Department of Energy (DOE) confirmed that this latest purchase brings the total amount of crude oil secured for the SPR to over 40 million barrels since the administration began its replenishment efforts. The DOE has been able to procure this oil at an average price of $77 per barrel, which is nearly $20 less per barrel than the average sales price during the emergency releases in 2022. This strategic purchasing not only ensures a good deal for American taxpayers but also maintains the operational readiness of the SPR. Energy Secretary Jennifer Granholm emphasized the administration’s commitment to safeguarding the nation’s energy security while securing favorable terms for taxpayers. She noted that the DOE has successfully accelerated the return of nearly 5.5 million barrels initially slated for later in the year, further maximizing the...

The price of crude oil is trading down $-2.20 or -3.12% at $68.20. That's the lowest level since October 30.

The price reached a peak on Thursday at $72.84. That the price briefly above its 38.2% retracement of the move down from the July high at $72.59. However on Friday, the price fell below its 100-hour moving average near $71.50 and in trading today, fell and stayed below its 200-hour moving average at $70.52. It would take a move back above the 200-hour moving average to hurt the bearish bias.

On the downside, the price is approaching a swing low going back to October 18 at $68.13. Move below that level and traders will start to look toward a rising trendline near $68.10. The low price from October 29 comes near $66.69.

Meanwhile, gasoline prices in the US are down -11.36% on the year at $3.19 (average price for all grades of gasoline). Prior to Covid, the price was around $2.78. The low at the depth of Covid reached $1.87. The current level is near the lows from the end of 2023 and start of 2024 near $3.17.

Retail Gasoline prices for all grades of gasoline

Last week, the preliminary Michigan consumer sentiment index rose to 73.0. With gas prices continuing to move lower and the Trump victory, what will that do to sentiment? The high for the Biden administration reached 86.5 with the low at 50.2 in June 2022. That corresponded with the high in gasoline prices.

[This Day] *IPMAN says it expects to agree petrol price with Dangote refinery in 48 hours*Crude nears two-week low as OPEC cuts demand view

CRUD operations are the most used functionality in the web application managed dynamically. The add, edit, and delete functionality helps to manage data with the database on the website. You can integrate CRUD operations with PHP to perform create (insert), read (select), update, and delete operations. If your web application works with images, CRUD functionality can be used to manage the images. In this tutorial, we will show you how to integrate CRUD operations with multiple images in PHP. In this example script, we will create product management system with images using PHP. The user can add, edit, update, and

The post CRUD Operations with Multiple Images in PHP appeared first on CodexWorld.

CRUD (Create, Read, Update, and Delete) operations are used in the web application for the data manipulation in the database. There are four basic operations involved in the CRUD functionality that help to manage data with the database. We have already shared the tutorial to perform create (insert), read (select), update, and delete operations in PHP CRUD Operations with MySQL. In this tutorial, we will build PHP CRUD application with PostgreSQL server. PostgreSQL also known as Postgres is a relational database management system (RDBMS). The PostgreSQL database is open-source and free to use. We will connect with the PostgreSQL Server

The post PHP CRUD Operations with PostgreSQL Server appeared first on CodexWorld.

Daniel Molano, defensor del Pueblo del Cauca, compartió detalles de los patrullajes ilegales de los grupos armados, el reclutamiento de menores y el uso de drones para atentar contra la fuerza pública

En 6AM Hoy por Hoy de Caracol Radio estuvo Alfred Ballesteros, director de la CAR Cundinamarca, para hablar sobre si en Cundinamarca y Bogotá se enfrentarán medidas por el estado de los embalses.

Read how Crude Oil grade futures contracts from CME Group are helping participants manage arbitrage risk between evolving US and global markets.

The U.S. Energy Information Administration (EIA) expects crude oil production in the Permian Basin to average about 6.3 million barrels per day in 2024, an increase of nearly 8% from 2023. The Permian Basin accounts for nearly half of U.S. crude oil production, and EIA expects increased production in the Permian and other regions will drive U.S. oil production to successive records in 2024 and 2025.

The U.S. Energy Information Administration (EIA) has several sets of data on the domestic production of crude oil and natural gas. Depending on your interests, the resources below can help you find the crude oil and natural gas data you need.

Durham : Duke University Press, [2023]

The export tax on jet fuel or ATF, which was set at ₹5 a litre in the last review on November 1, has not been altered

Traders can avoid new positions

Retain the futures buy position

Market reports attributed the decline in price to profit-taking after a strong weekly gain

Market fears that the escalating tensions could disrupt crude oil supplies from West Asia as Iran is a major producer of crude oil in the world market

Such ETFs own futures contracts on crude oil instead of the commodity itself. The ETF price will mimic the spot price.

Uncertainties over the developments in West Asia helped boost the price of the commodity

Market players feel that there could be escalation in tension in West Asia following the recent developments in the region

Brent and WTI oil futures saw declines of over 3%, with MCX crude oil futures also experiencing significant drops.

October crude oil futures were trading at ₹5953, up by 0.30 per cent, and November futures were trading at ₹5931, up by 0.58 per cent, during the initial hours

December Brent oil futures rose to $74.37, while November WTI futures climbed to $70.59.

Market players are also assessing the supply risks from West Asia following the tensions in the region

Traders can stay out for now

In India, October crude oil futures traded slightly lower at ₹5,850

Market is also cautious about a potential increase in global oil supply as the OPEC+ is planning to restore production output in December

US crude oil inventories rose by 1.64 million barrels for the week ended October 18. Market estimates had earlier pegged increase at 0.7 million barrels

Windfall Tax is to counterbalance the unusually high profits earned by oil and gas companies from high global crude oil prices

At 9.56 am on Friday, December Brent oil futures were at $74.50, up by 0.16 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $70.28, up by 0.13 per cent

November natural gas futures were trading at ₹254.50 on MCX during the initial hour of trading on Monday against the previous close of ₹258.20, down by 1.43 per cent

November crude oil futures were trading at ₹5,686 on MCX during the initial hour of trading on Tuesday

Official data on crude oil inventory level in the US is expected later on Wednesday

Traders can go short

Increase in tensions in West Asia also boosted the price of the commodity. The latest developments in West Asia have created apprehensions in the market over possible crude oil supply disruptions from the region.

Market also focussed on outcome of US Federal Reserve meeting later in the week

Market eyes results of the US presidential election

The Trump administration could stimulate economic growth in the US, which could help boost consumption demand in that country, say analysts

The tax, levied as Special Additional Excise Duty (SAED), aims to moderate the impact of rising oil prices on consumers.