White House says Ukraine and Russia agree to Black Sea ceasefire. The...
White House says Ukraine and Russia agree to Black Sea ceasefire. The US said it secured agreements with Ukraine and Russia to eliminate the use of force in the Black Sea, following negotiations in Saudi Arabia. Ukrainian President Volodymyr Zelensky said Ukraine would abide by the deal but expressed skepticism that Russia would do the same. Kremlin officials said the deal would only take effect once sanctions on Russian banks are lifted—a request that requires approval from the European Union. Talks continue on a full ceasefire.
Waymo announced it will expand its driverless taxi service to Washington, D.C., starting in 2026.
The Studio, a new series starring Seth Rogen that lampoons Hollywood, debuts on Apple TV+ today and is getting rave reviews.
Robinhood is being investigated by Massachusetts regulators over the college sports event contracts offered in its prediction markets division.
Samsung’s co-CEO, Jong-Hee Han, died from cardiac arrest yesterday. He was 63.
EquityZen and Forge Global, marketplaces that allow users to trade shares of private companies, lowered the minimum investment to $5,000.
The American Petroleum Institute (API) estimated...
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million barrels for the week ending March 21. Analysts had expected a dip of 2.5 million barrels.
So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data.
Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.2 million barrels again to 396.1 million barrels in the week ending March 21. Inventory levels in the SPR are hundreds of millions shy of the levels in inventory prior to the SPR withdrawal that took place under the Biden Administration.
Gasoline inventories fell in the week ending March 21, by 3.3 million barrels, after falling by 1.708 million barrels in the week prior. As of last week, gasoline inventories are now 2% above the five-year average for this time of year, according to the latest EIA data.
Distillate inventories also fell this week, shedding 1.3 million barrels in the latest week. In the week prior, distillate inventories slipped 2.146 million barrels. Distillate inventories were already about 6% below the five-year average as of the week ending March 14, the latest EIA data shows
U.S. stocks eke out small gains despite weak consumer-confidence data
U.S. stocks finished higher on Tuesday as investors managed...
U.S. stocks finished higher on Tuesday as investors managed to build on a relief rally from the previous session on hopes that President Donald Trump's reciprocal tariffs — scheduled to take effect on April 2 — could be less aggressive than previously expected.
According to FactSet data, the Dow Jones Industrial Average gained just 0.01%, remaining nearly flat at around 42,587.50.
The S&P 500 rose 9.08 points, or 0.2%, to end at 5,776.65. According to Dow Jones Market Data, the large-cap index rose for three consecutive trading days, logging its best three-day advance since Jan. 23.
The Nasdaq Composite advanced 83.26 points, or 0.5%, to finish at 18,271.86.
Oil Prices Mixed as Russia-Ukraine Truce Offsets Venezuela Supply Worries
March 25 (Reuters) - Oil prices diverged on Tuesday as a maritime and...
March 25 (Reuters) - Oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened U.S. tariffs on countries buying Venezuelan production.
Brent crude futures settled 2 cents higher, or 0.03%, at $73.02 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $69.
The United States reached deals with Ukraine and Russia to pause attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow.
Kyiv and Moscow both said they would rely on Washington to enforce the deals, while expressing scepticism that the other side would abide by them.
Jet Fuel Took Record Share of ’24 US Refinery Output, EIA Says
A recovering airline industry pushed jet fuel to a record-high share...
A recovering airline industry pushed jet fuel to a record-high share of production in U.S. refineries last year, according to a report released by the U.S. Energy Information Administration (EIA) on March 24.
In 2024, U.S. refineries produced a record 659.837 MMbbl of jet fuel, which accounted for about 11% of total refinery yields. According to EIA records dating back to 2005, refineries last set a record for jet fuel production of 659.046 MMbbl in 2018.
“Increased air travel, measured by both TSA passenger volume and flight departures, has increased U.S. jet fuel consumption every year following the steep decline in 2020,” the EIA reported.
Motor gasoline, distillate fuel oil and jet fuel make up more than 85% of U.S. refinery output. Gasoline takes the largest share of the 85%, with distillate fuel oil in second.
