Oil prices little changed as industry report points to slowing US demand
(Reuters) -Oil prices were little changed on Wednesday after falling in the previous session after an industry report showed U.S. crude stockpiles climbed last week illustrating the end of the seasonal summer demand period is nearing.
Brent crude futures gained 3 cents to 66.15 a barrel at 0102 GMT after dropping 0.8% in the previous session. U.S. West Texas Intermediate crude futures fell 3 cents to $63.14 after declining 1.2%.
Crude inventories in the U.S., the world's biggest oil consumer, rose by 1.52 million barrels last week, market sources said, citing American Petroleum Institute figures on Tuesday. Gasoline inventories dropped while distillate inventories gained slightly. [API/S]
Should the U.S. Energy Information Administration data set for release later on Wednesday also show a decline, it could indicate that consumption during the summer driving season has peaked and refiners are easing back their runs. The demand season typically runs from the Memorial Day holiday at the end of May to the Labor Day holiday in early September.
Analysts polled by Reuters expect the EIA report to show crude inventories fell by about 300,000 barrels last week. [EIA/S]
Outlooks issued by OPEC and the EIA on Tuesday pointed to increased production this year which also weighed on prices. But both expect output in the U.S., the world's largest producer, to decline in 2026 while other regions will increase oil and natural gas production.
U.S. crude production will hit a record 13.41 million barrels per day in 2025 due to increases in well productivity, though lower oil prices will prompt output to fall in 2026, the EIA forecast in a monthly report.
The Organization of the Petroleum Exporting Countries' monthly report said global oil demand will rise by 1.38 million bpd in 2026, up 100,000 bpd from the previous forecast. Its 2025 projection was left unchanged.
The White House on Tuesday tempered the expectations for a quick Russia-Ukraine ceasefire deal, which may lead investors to reconsider an end to the war soon and any easing on sanctions Russian supply, which had been supporting prices.
U.S. President Donald Trump and Russian President Vladimir Putin are due to meet in Alaska on Friday to discuss ending the war.
"Trump downplayed expectations of his meeting with President Putin ... However, expectations of additional sanctions on Russian crude continue to fall," ANZ senior commodity strategist Daniel Hynes wrote in a note.
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3 No-Brainer High-Yield Utility Stocks to Buy With $500 Right Now
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Roughly 60% of its assets are tied directly to electric utilities. Another 30% is in multi-utilities and independent power producers. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Electricity is the core of this ETF, which offers an attractive 2.7% yield. That's not massive, but it is more than twice the yield you would get from the S&P 500 index. This is basically a way to invest in the electricity opportunity without having to pick a winner. This could be very helpful for someone who isn't a fairly active investor. Notably, demand from electric vehicles is expected to grow 9,000% between 2020 and 2050, but that growth is likely to be highest in the Northeast and Western regions of the country. Meanwhile, electricity demand from data centers is set to rise 300% over the next decade or so, but is likely to be most notable in the Mid-Atlantic and Texas. There are a lot of moving parts to investing in this sector, and the Vanguard Utilities ETF is a simple way to make sure you ride the broader demand trend without having to figure out what specific stock to buy and when. A $500 investment will buy roughly two shares of this diversified utility ETF. 2. NextEra Energy is a dividend growth machine If you like to pick dividend stocks, however, the best dividend growth choice is likely to be NextEra Energy (NYSE: NEE). This company is really two businesses in one. The core is the company's regulated utility operation, which is largely made up of Florida Power & Light. It is one of the largest electric utilities in the country and has long benefited from the in-migration that the Sunshine State has seen. On top of this business, NextEra Energy has built one of the world's largest providers of solar and wind power. This is the growth engine, tapping into the shift taking place in the world from dirtier energy sources to cleaner ones. The end result of this mix is nothing short of impressive. The dividend yield is attractive at roughly 3.1%. But the payout growth is huge, with an average annualized pace of 10% over the past decade. A 10% dividend growth rate is good for any company, but it is shockingly high for a utility. And management believes it can keep up that pace over the near term, with 6% to 8% increases in adjusted earnings per share projected through at least 2027 and 10% dividend growth through at least 2026. A $500 investment will net you about six shares of NextEra Energy. 3. Black Hills is a Dividend King with a lofty yield For investors who prefer something a bit more boring, Black Hills (NYSE: BKH) will probably be attractive. This company operates regulated natural gas and electric utilities across parts of Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. The big goal is to just be a reliable provider of energy to its roughly 1.35 million customers. However, given the increase in demand expected over the next couple of decades, that should be more than enough to keep Black Hills' dividend rising. Dividend growth is, in fact, what sets Black Hills apart from the pack. It is one of a small number of utilities that has achieved Dividend King status. Its streak is up to 55 years, with annualized dividend growth of around 5% over the past decade. Slow and steady is what you get here, along with a lofty 4.5% or so dividend yield. If you are focused on maximizing your income and don't want to take risks, Black Hills will likely fit perfectly into your portfolio. A $500 investment will allow you to buy around eight shares of Black Hills. 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U.S. Hydraulic Power Unit Market Size to Reach US$4.85 Billion by 2033
Fueled by relentless industrial automation and a national pivot to electrification, the US Hydraulic Power Unit market is rapidly evolving. Mid-range pressure systems remain dominant, while smart, energy-efficient electric models increasingly define the industry's future trajectory. Chicago, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The U.S. hydraulic power unit market was valued at US$ 2.92 billion in 2024 and is expected to reach US$ 4.85 billion by 2033, growing at a CAGR of 5.89% during the forecast period 2025–2033. The US hydraulic power unit market is on the cusp of a transformative growth period, propelled by a powerful convergence of industrial modernization, technological breakthroughs, and significant capital investment. This dynamic environment creates unparalleled opportunities for market leaders and innovators prepared to meet the sophisticated demands of 2024 and 2025. The bedrock of this potential lies in the revitalization of domestic manufacturing, the unstoppable march of automation, and monumental infrastructure undertakings that are reshaping the nation. Request Sample Pages: The demand for high-performance, reliable, and intelligent hydraulic systems is escalating across every key sector, from construction to aerospace. This is not a distant forecast; it is a current reality underscored by tangible projects and quantifiable metrics. As the essential power source for the machinery that drives American industry, hydraulic power units are intrinsically linked to the nation's economic vitality. The outlook for the US hydraulic power unit market is exceptionally bright, signaling a period of sustained profitability and expansion for stakeholders who act on these clear and present opportunities. The confluence of these powerful drivers ensures a vibrant and rewarding landscape for all participants. Key Findings in US Hydraulic Unit Market Market Forecast (2033) US$ 4.85 billion CAGR 5.89% By Operating Pressure 2000-3000 psi (42%) By Power Source Electric (62%) By Application Industrial (58%) Top Drivers Surging industrial automation drives demand for efficient hydraulic systems. Modernization of aging U.S. infrastructure requires powerful hydraulic machinery. Shift toward electrification boosts adoption of eco-friendly hydraulic units. Top Trends Integration of smart IoT technology for predictive maintenance. Growing demand for compact, modular, and energy-efficient HPU designs. Development of eco-friendly, biodegradable fluids for hydraulic systems. Top Challenges High initial capital investment for advanced hydraulic power units. Competition from increasingly popular electric and pneumatic technologies. Persistent global supply chain disruptions impact component availability. Manufacturing's Automation Surge Ignites Unprecedented Demand for Hydraulic Power Units A seismic shift towards automation is redefining American manufacturing, creating fertile ground for the US hydraulic power unit market. This industrial evolution is quantified by the installation of 34,300 new industrial robots across the nation in 2024. The automotive sector continues its dominance as a primary adopter, integrating 13,700 new robots in the same year. Following this trend, the metal and machinery industry bolstered its capabilities with 3,800 new robots, while the electrical and electronics sector installed another 2,900. The momentum is undeniable, with North American firms ordering 8,277 robots in the fourth quarter of 2024, bringing the year's total orders to 31,311. Advanced applications are proliferating, evidenced by HAHN Automation Group's state-of-the-art battery tester which, as of early 2025, can test 90% of all available battery packs. 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In 2024, the sector demonstrated its scale with the sale of 217,200 agricultural tractors and 5,564 self-propelled combines. A detailed look at the 2024 tractor sales reveals a diverse market: 134,911 units were small tractors under 40 horsepower, 55,067 units were medium-sized (40-100 horsepower), and 22,864 units were large 2WD tractors over 100 horsepower. Four-wheel-drive farm tractors added another 4,358 units to the year's total. Sales remained strong even at the year's end, with December 2024 figures showing 9,243 sub-40 hp tractors, 5,276 medium tractors, 2,093 large 2WD tractors, and 358 4WD tractors sold. This vigorous sales activity drew down inventory, which stood at 121,723 total farm tractors at the beginning of December 2024, signaling a need for continued production and HPU procurement. Aerospace and Defense Industries Demand Precision Hydraulic Systems for Missions The exacting standards of the aerospace and defense sectors create a premium-tier demand for highly specialized hydraulic power units. In this critical segment of the US hydraulic power unit market, performance and reliability are non-negotiable. This was highlighted in May 2024 when Bell selected Eaton to supply crucial hydraulic power generation and conveyance systems for the U.S. Army's Future Long-Range Assault Aircraft. The global scale of this specialized market is significant, with the aircraft hydraulic systems market volume reaching 30.9 million units in 2024. Looking ahead, forecasts show the market size expanding from $2.56 billion in 2024 to an impressive $2.91 billion in 2025. This growth trajectory is set to continue, with projections anticipating the market will reach a value of $4.68 billion by 2029, securing long-term demand for advanced HPUs capable of meeting stringent military and civilian aviation specifications. New Industrial Facility Investments Signal a Strong Future HPU Demand A powerful leading indicator for future growth in the US hydraulic power unit market is the high volume of investment in new and upgraded industrial facilities. In 2024, an impressive 1,702 new industrial manufacturing projects were identified across the United States. The majority of these, 1,481 projects, were for the establishment of new manufacturing and production facilities. This wave of investment includes 530 brand-new industrial constructions, 526 projects focused on expanding existing facilities, and 725 projects involving significant renovations or equipment upgrades. The scale of these investments is substantial, with 213 of the new projects identified in 2024 carrying an estimated value of $100 million or more. The most active month for new project identification was March 2024, with 174 projects announced. Tangible examples include Southland Industrial Coatings' new 100,000-square-foot facility in Louisiana, set for completion in spring 2025, and Schaeffler's 130,000-square-foot automotive plant in Ohio, scheduled to be finished in Q3 2025. Competitive Strategies and Product Launches Shape the Modern HPU Landscape The competitive dynamics of the US hydraulic power unit market are being actively shaped by the strategic actions of industry leaders. In February 2024, Eaton expanded its offerings by introducing three new power take-off (PTO) series—the Bezares 3960, 2500, and 500—which were showcased at the Work Truck Show in March 2024. Similarly, Danfoss Power Solutions made a significant move on February 20, 2024, by launching its newly combined Integrated Circuit Solutions (ICS) portfolio. This powerful portfolio has the capacity to produce over 5 million valves and 600,000 hydraulic integrated circuits annually. Danfoss continued its innovation push on June 20, 2024, with the global launch of its DHRC line of hydraulic remote controls, including the DHRCJ joystick. Further expanding its portfolio in October 2024, Danfoss introduced the high-performance KBFRG4-5 proportional valve. Looking ahead, Danfoss is set to engage customers at booth #107 at Yotta 2025, while Eaton has scheduled its Q2 2025 earnings call for August 5, 2025, where further strategic insights are anticipated. Technological Integration and Artificial Intelligence Redefine Hydraulic System Capabilities Innovation is at the core of the evolving US hydraulic power unit market, with smart technology and AI creating more efficient and intelligent systems. As of 2024, Generative AI is being leveraged to optimize production cycles, with notable potential for reducing R&D costs. The adoption of these advanced technologies is gaining momentum; a 2024 survey revealed that 35% of U.S. businesses have already integrated AI into their operations. Technology leaders are facilitating this shift. In 2024, Festo launched its Festo AX Data Access solution, enabling component data to be fed directly into the Siemens Industrial Edge platform for enhanced monitoring and control. Danfoss is empowering designers with its EasyManifold software, which allows a user to create a custom Hydraulic Integrated Circuit, complete with a 2D drawing and 3D model, in under an hour. This drive for innovation extends to electrification, with prototypes for Danfoss's ED3 onboard charger, delivering 43 kilowatts of AC power, expected in 2024. The ED3 can also pull up to 44 kW of DC power from a vehicle's battery. Advanced Product Specifications Meet Evolving High-Performance Market Demands The technical specifications of new components directly reflect the sophisticated needs of the end-user base in the US hydraulic power unit market. The new Danfoss KBFRG4-5 proportional valve, released in October 2024, exemplifies this trend with a maximum pressure rating of 350 bar (5,076 psi) and a maximum flow of 290 liters per minute. This valve delivers exceptional performance, boasting a competitive step response of just 20 milliseconds. It is engineered for durability, built to withstand 7.8 g of random vibration and a 50 g shock, and features an IP67 ingress protection rating. Danfoss's new DHRC line, launched in June 2024, is equally robust. The DHRCJ joystick and double pedal have a rated flow of 20 L/min, while the accompanying DHRCD sectional valve has a rated flow of 10 L/min. These components are designed for harsh environments, performing consistently across a temperature range of -40°C to 60°C. The DHRCJ joystick switch box is rated to IP68, with its proportional switch achieving an IP69K rating for ultimate protection. Customize the Data Scope to Match Your Objectives: Renewable Energy Sector Growth Presents New Frontiers for Hydraulic Power The accelerating transition to renewable energy is carving out a significant and growing niche for hydraulic systems, particularly within the wind power sector. This emerging segment of the US hydraulic power unit market is driven by the need for reliable pitch and braking systems in modern wind turbines. In 2024, the U.S. installed 5.2 gigawatts (GW) of new wind power capacity. This total included 3.9 GW from new onshore wind farms and an additional 1.3 GW from onshore repowering projects. The U.S. is on track to add a total of 7.1 GW of new wind capacity in 2024. This consistent growth is expanding the nation's green energy infrastructure, with total installed onshore wind capacity in the U.S. expected to exceed 153 GW by the end of 2024. Each new turbine installed represents a demand for sophisticated hydraulic power units, linking the future of the HPU market directly to the nation's sustainability goals. U.S. Hydraulic Power Unit Market Major Players: Bosch Rexroth AG Bailey International, LLC Branch Hydraulic Systems Ltd. Dana Motion Systems Eaton Corporation Energy Manufacturing Co., Inc. HCS Control Systems Ltd Hydac International GmbH Hydromega Services Inc. Hydro-Tek Co Ltd Nachi-Fujikoshi Corporation Parker Hannifin Corporation Related Fluid Power Ltd. Weber-Hydraulik GmbH Other Prominent Players Key Market Segmentation: By Power Source Electric Diesel Gasoline By Operating Pressure <750 psi 750-2000 psi 2000-3000 psi >3000 psi By Application Industrial Mobile Others Request a Personalized Report Walkthrough with Our Research Team: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Amazon rolls out same-day delivery of perishable groceries in 1,000 US cities
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