News

Federal Reserve Barkin: The Federal Reserve has limited scope of responsibilities and may not be able to solve the problems caused by the rise and fall of enterprises in the artificial intelligence environment.

Indian Prime Minister Modi: Gaza peace initiative provides a path.

British Trade Secretary: Strengthening European partnerships is vital.

UK Trade Secretary: Seeking coordination with the EU on energy, competition and manufacturing.

Indian Prime Minister Narendra Modi: India stands with Israel.

U.S. Treasury Secretary Bessent: The Treasury Department will continue to put pressure on Iran on weapons issues.

EIA distillate fuel production extended demand data for the week to February 20 in the United States was 5.126 million barrels per day, compared with the previous value of 5.7383 million barrels per day.

EIA total automotive gasoline production extended demand data for the week to February 20 in the United States was 9.5024 million barrels per day, compared with the previous value of 9.6033 million barrels per day.

The EIA Strategic Petroleum Reserve inventory in the United States for the week to February 20 was 00,000 barrels, compared with the previous value of 229,000 barrels.

The U.S. EIA refinery equipment utilization rate for the week to February 20 was 88.6%, expected to be 91.4%, and the previous value was 91%.

EIA crude oil production in the United States in the week to February 20 was -416,000 barrels per day, compared with the previous value of 77,000 barrels per day.

The United States imported 578,000 barrels/day of EIA refined oil products in the week to February 20, compared with the previous value of 133,000 barrels/day.

EIA gasoline production in the United States in the week to February 20 was -223,000 barrels/day, compared with the previous value of 290,000 barrels/day.

EIA heating oil inventories in the United States for the week to February 20 were -119,000 barrels, compared with the previous value of 362,000 barrels.

EIA gasoline inventories in the United States for the week to February 20 were -1.011 million barrels, compared with expectations of -560,000 barrels, and the previous value of -3.213 million barrels.

EIA refined oil production in the United States in the week to February 20 was -136,000 barrels/day, compared with the previous value of 28,000 barrels/day.

EIA refined oil inventories in the United States for the week to February 20 were 252,000 barrels, expected to be -1.594 million barrels, and the previous value was -4.566 million barrels.

EIA reformulated gasoline inventories in the United States for the week ending February 20 were 0.3 million barrels, compared with the previous value of 0.3 million barrels.

Israeli Prime Minister Netanyahu: (India and Israel) Both countries are stronger today than before.

Most U.S. storage concept stocks strengthened, with Western Digital (WDC.O) rising by about 7%, Seagate Technology (STX.O) rising by more than 5%, and Micron Technology (MU.O) rising by about 3%.