After years of often explosive growth, fuel consumption in Asia’s biggest economies is stuttering, undermining efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to end a global Continue Reading
China’s record oil imports in March helped it top the U.S. as the world’s biggest buyer during the first quarter as stockpiling and aggressive buying by refiners coincided with slumping Continue Reading
U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending April 7, 2017, 268,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
U.S. crude oil production in the Federal Gulf of Mexico (GOM) set an annual high of 1.6 million barrels per day (b/d) in 2016, surpassing the previous high set in Continue Reading
Amid calls for more oil and gas drilling, a Democratic senator in Florida said he was “beating back” pressure for exploration in the Gulf of Mexico. Industry groups like the Continue Reading
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to Continue Reading
Global oil demand is expected to grow at a slower pace for the second year in a row, the International Energy Agency said Thursday, complicating efforts by big petroleum producers Continue Reading
The EIA’s short-term energy outlook , released on April 11, predicted increases in American energy production, along with an increase in imports. The agency’s forward predictions on the outlook of Continue Reading
Russia says it will cut 300,000 barrels of oil per day from its production levels by the end of the month in coordination with an OPEC-led agreement. File Photo by Continue Reading
The American Petroleum Institute (API) reported a draw of 1.3 million barrels in United States crude oil inventories, compared to analyst expectations for a crude oil build of 125,000 barrels. Continue Reading
