Crude oil, Gas Price and News today
London, August 14, 2024, (Oilandgaspress) –– Oil prices rose today on estimates about lower U.S. crude and gasoline inventories. Market analysts are still focused on a possible widening of the Middle Eastern war, which could curtail global oil supplies. Crude oil inventories in the United States fell this week, by 5.205 million barrels for the week ending August 9, according to The American Petroleum Institute (API)
According to the EIA, OPEC+ production cuts are expected to reduce global oil inventories over the next three quarters, thereby pushing oil prices even higher.
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $78.82 | Down |
| Crude Oil (Brent) | USD/bbl | $81.14 | Down |
| Bonny Light 13/08/24 | USD/bbl | $85.31 | Up |
| Dubai | USD/bbl | $79.66 | Up |
| Natural Gas | USD/MMBtu | $2.16 | — |
| Murban Crude | USD/bbl | $79.92 | Down |
| OPEC basket 13/08/24 | USD/bbl | $80.78 | Up |
During the period from 5 to 9 August 2024, Eni acquired on the Euronext Milan no. 4,086,379 shares (equal to 0.12% of the share capital), at a weighted average price per share equal to 14.0670 euro, for a total consideration of 57,483,243.64 euro within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 15 May 2024, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999, for the purpose of paying to the Shareholders an additional remuneration compared to the distribution of dividends. Source,
William Fehrman, who was elected as member of the Board of Directors of Vestas Wind Systems A/S on the Annual General Meeting 2024, has decided to step down from his board position with effect as of today, 14 August 2024. William Fehrman has taken this decision to avoid any potential conflict of interest as he has been elected by the Board of Directors of American Electric Power Company, Inc. to lead the company as Director, President and Chief Executive Officer. . Source,
