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  • Aug 21, 2024

US oil export gains slow as output, global demand turn tepid

U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand remains sluggish. Last year, exports grew 13.5%.

  • Aug 21, 2024

Fed minutes to show depth of debate over a July rate cut

While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about it rolling at last month's policy meeting. Roughly how many were in that camp and how unified the remaining policymakers were in seeing the Fed's Sept. 17-18 meeting as a preferred starting point for reducing borrowing costs should become clear when the minutes of the July 30-31 meeting are released on Wednesday. The central bank's policy-setting Federal Open Market Committee ended that meeting by leaving its benchmark overnight borrowing rate in the 5.25%-5.50% range where it has been since July 2023, but officials agreed to a number of key policy statement changes that opened the door to a rate cut at their gathering next month.

  • Aug 21, 2024

Oil Steadies as Traders Weigh US Stockpiles and Gaza Talks

(Bloomberg) -- Oil steadied following a short run of declines, as traders monitor weekly stockpile data in the US and Washington continued its push for a cease-fire between Israel and Hamas.Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemBrent traded above $77 a barrel after losing almost 5% over the pre

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