{"id":14161,"date":"2024-04-30T19:52:58","date_gmt":"2024-04-30T23:52:58","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=14161"},"modified":"2024-04-30T19:52:59","modified_gmt":"2024-04-30T23:52:59","slug":"petroleum-daily-report-4-30-2024","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-4-30-2024\/","title":{"rendered":"Petroleum Daily Report 4-30-2024"},"content":{"rendered":"\n

Oil prices fell 1% on Tuesday, extending losses from Monday, on the back of rising U.S. crude production, as well as hopes of an Israel-Hamas ceasefire.\u00a0 U.S. crude production rose to 13.15 million barrels per day (bpd) in February from 12.58 million bpd in January in its biggest monthly increase since October 2021 according to Energy Information Administration. Meanwhile, exports climbed to 4.66 million bpd from 4.05 million bpd in the same period.\u00a0 U.S. crude oil inventories rose by 4.91 million barrels in the week ended April 26, according to American Petroleum Institute figures on released today.\u00a0 Gasoline inventories fell by 1.483 million barrels, and distillates fell by 2.187 million barrels.\u00a0 Expectations that a ceasefire agreement between Israel and Hamas could be in sight have grown in recent days following a renewed push led by Egypt to revive stalled negotiations between the two.\u00a0 However, Israeli Prime Minister Benjamin Netanyahu vowed today to go ahead with a long-promised assault on the southern Gaza city of Rafah.<\/p>\n\n\n\n

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