In August, Opec crude oil production decreased by 79 tbpd to average 32.76 mpbd, " the report stated.
Crude inventories increased to 468.2 million barrels, although there was still a year-on-year decline of 2.5%. More than half of the retail service stations in some parts of Florida are without gasoline and the energy sector is scrambling to make adjustments.
The assessment echoed a report by the Organization of the Petroleum Exporting Countries forecasting higher demand for its oil in 2018 and pointing to signs of a tighter global market.
The price for Brent crude oil was up 0.68 percent at 9:10 a.m. EDT to $54.64 per barrel.
West Texas Intermediate crude was up 1% to $48.71 a barrel on Wednesday morning. Refinery utilization rates fell by 2 percentage points to 77.7 percent, the lowest rate since 2008.
The U.S. dollar, meanwhile, has declined steadily and, when the value of the greenback falls, commodity prices increase because more dollars are required to purchase the same quantity as when the value was higher.
Unprecedented flooding from the Category 4 storm that slammed into the state's coast last week, sending gasoline prices surging as oil refineries shut, may also set a record for rainfall in the contiguous US, the weather service said Tuesday.
Distillate stockpiles, which include diesel and heating oil, fell by 3.2 million barrels, versus expectations for a 1.5 million-barrel drop, the EIA data showed.
The Electric Cooperatives of SC reported almost 15,000 customers without power, majority in Oconee and Charleston counties. She adds that utility providers have said they hope to have power restored for all of southeast Florida by the weekend.
Credit cards, a chain and an open padlock is seen in front of displayed Equifax logo in this illustration taken September 8, 2017. And to do it securely! Further, personal information for United Kingdom and Canadian residents may have been impacted as well.
The economically powerful Catalonia has a thriving population of 7.5 million and accounts for a fifth of Spain's economic output. The Spanish government is trying to stop the planned October 1 ballot through the courts.
Houston rap artist Bun B and Scooter Braun, a Hollywood talent manager and founder of SB Projects, are the organizers. The show will broadcast on CBS, NBC, ABC, FOX and CMT from Los Angeles, Nashville and NY .
Prime Minister Edouard Philippe on Monday unveiled the government's reconstruction plan for the islands. We have seen there are many homes that were built too precariously, with fragile infrastructure.
A series of court decisions since then have said that order must include people with grandparents and cousins in this country. The Justice Department had not sought a stay of that portion of the decision, though it disagreed with the interpretation.
Outside court, Wilson's teaching specialist, Richar Leder, said his customer would be completely excited with the choice. When the jury delivered its verdict they answered every single question in my favor.
To recall, the next iteration of Pixel smartphones will be manufactured by the LG and HTC respectively. Google is set to unveil the Pixel 2 , the successor to its well-received Pixel phone, early next month.
Porsche Cars Canada, Ltd., a dedicated subsidiary of Porsche AG, imports and distributes Porsche vehicles in Canada. That marks an improvement of 30 hp and 14 lb-ft over the previous model , which packed a twin-turbo 4.8-liter V-8.
IOC confirms Paris will host 2024 Olympic games, LA for 2028
Only four have remained to the vote. "For the first time in a generation, we are bringing the Games back to the City of Angels". The last American city to bid for the Summer Games was Chicago, losing the 2016 Olympic vote to Rio de Janeiro.
Game 144 Recap: Cubs 8, Mets 3
The Chicago Cubs have opened online registration for fans seeking to buy tickets for potential postseason games at Wrigley Field . With Chicago's first-place lead in the National League Central dwindling, the Cubs couldn't afford to wait much longer.
US Navy Seals Train SKorean Team to Kill Kim Jong Un
North Korea claimed last weekend to have developed its most powerful nuclear weapon yet: A hydrogen bomb that could reach the US. Rodman has apparently visited the Korean penninsula several times but that he and Kim rarely touch on politics.
Analyst Buzz: Teva Pharmaceutical Industries Limited (TEVA)
Teva Pharmaceutical Industries Ltd (NYSE: TEVA ) is trading considerably higher today, now up $3.13 at $18.63 - a 20 percent gain. Mizuho maintained the stock with "Buy" rating in Tuesday, May 10 report. (NASDAQ:LSTR) rating on Friday, October 23.
US Dollar Bid and Safe Haven Currencies Offered
The euro was lower, with EUR/USD sliding 0.32% to 1.1997, after rising as high as 1.2092 on Friday, the most since January 2015. The dollar index .DXY , which tracks the greenback against a basket of six major currencies, was up 0.66 percent at 91.955.