Tag archives for Crude Oil
Crude Oil’s Rollercoaster Ride Resume as Oil Producers Meeting Delays
Crude oil’s rollercoaster ride restarted Monday, with each Brent and West Texas Intermediate (WTI) futures falling sharply amid news of a delay to a meeting of oil producers. While information…
U.S. to Buy Crude for Strategic Petroleum Reserve After Two Weeks
The US might start purchasing the produced crude oil for the Strategic Petroleum Reserve (SPR) in two weeks from now, and fill it in some months, an Energy Division source…
Oil Plunges Below $57 Following Coronavirus and OPEC+ Cuts Delays
Oil dropped below $57 per barrel Tuesday, pressured by concerns over the impact on oil demand from the coronavirus epidemic in China and a lack of further action by OPEC…
Russia Hits Record Oil Production for Post-Soviet Era Despite OPEC+ Cuts
Crude oil and condensate production in Russia reached a record high for the post-Soviet era last year, regardless of Moscow’s key role in supporting the ongoing output cuts of the…
U.S. Reserves of Crude Oil and Natural Gas Soars Up High
The proved reserves of crude oil and pure gasoline in the US set new information, the Energy Information Administration (EIA) reported on Friday. In response to the EIA's annual reserves…
US Is Still Not Successful in Exporting Net Crude Oil
Of all of the developments to return out of the shale oil increase within the , the concept the may truly obtain vitality independence appeared probably the most unlikely. In…
Keystone Pipeline Is Leaking Crude Oil
On Thursday, the Keystone Pipeline spilled about 383,000 gallons of crude oil in North Dakota. It’s nothing in need of an environmental disaster — and it most likely won’t be…
Gulf of Mexico Is Setting Crude Oil Records for 2020
crude oil manufacturing within the Federal Gulf of Mexico (GOM) averaged MMbpd in 2018, setting a brand new annual report. The Energy Information Administration (EIA) expects oil manufacturing within the…
The U.S. Refineries Are Facing Crude Oil Shortage
A shortage of heavy crude has limited refiners from profiting from stronger margins ahead of the new sulfur emission guidelines of the International Maritime Organizations, which will enter into effect…
India’s June Crude Oil Imports Decrease to Higher Than Two-Year Low
India's June crude oil imports dropped from a year more advanced to their lowest since February 2017, government data confirmed on Tuesday. Crude imports into the world's third-giant oil importer…