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OilPrice.com 08/20/2019 19:00
The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60 percent of the total consumption. That’s nearly 100 million barrels per day. At today’s average oil price of $60 per barrel for Brent crude, that’s $5.8 billion consumed. Every. Day. The top three oil consumers—the United States (20%), China (13%), and India (5%) account for more than a third of the world’s consumption. Of those three, only the United States…
Deccan Chronicle (India) 08/20/2019 03:33
New Delhi: Crude oil prices rose by Rs 22 to Rs 4,044 per barrel in futures market on Tuesday as speculators created fresh positions, taking positive cues from physical spot market. On the Multi Commodity Exchange, crude for delivery in August was trading higher by Rs 22, or 0.55 per cent, at Rs 4,044 per barrel in a business turnover of 23,535 lots. Analysts said speculative positions created by traders led to the rise in oil prices. Globally, however, West Texas Intermediate was trading lower 0.16 per cent to USD 56.30, while global benchmark Brent was up 0.13 per cent to USD 59.82 per barrel.
Benzinga 08/19/2019 14:33
Toward the end of trading Monday, the Dow traded up 1.10% to 26,168.97 while the NASDAQ rose 1.58% to 8,020.37. The S&P also rose, gaining 1.35% to 2,927.69. Leading and Lagging Sectors. Energy shares climbed 2.2% on Monday. Meanwhile, top gainers in the sector included ION Geophysical Corporation (NYSE: ), up 13%, and Precision Drilling Corporation (NYSE: ), up 13%. In trading on Monday, utilities shares rose by just 0.8%. Top Headline. Estee Lauder Companies Inc (NYSE: ) reported stronger-than-expected results for its fourth quarter. Estee Lauder Companies reported fourth-quarter earnings of 64 cents per share, which beat the analyst consensus estimate of 53 cents. The company reported fourth-quarter sales of $3.59 billion, which beat the a.

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