The American Petroleum Institute (API) reported an extra-large oil inventory draw of 5.17 million barrels of United States crude oil inventories for the week ending August 18, compared to analyst Continue Reading
Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on Continue Reading
OPEC net oil export revenues The U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $567 billion in net oil Continue Reading
OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said Continue Reading
When Henrique Rosales got to the automated-teller machine on Tuesday to withdraw Venezuela’s new currency, he found it dispensed a maximum of 10 sovereign bolivars a day, the equivalent of Continue Reading
Some Chinese coal traders handling U.S. imports have begun sourcing future supplies domestically, people with knowledge of the matter said, as they await delivery of the last U.S. cargoes to Continue Reading
Beijing is taking to task a Pentagon report , ”Military and Security Developments Involving the People’s Republic of China 2018” released last Thursday on China’s military activities. The annual report Continue Reading
Rising fuel costs have dampened gasoline demand from private motorists in the United States, leaving the market relying on continued economic and freight expansion to boost oil use. U.S. traffic Continue Reading
U.S. consumer demand for gasoline is slowing down and that should start bringing relief to travelers ahead of the next major holiday, analysts said. Moto club AAA reported a national Continue Reading
U.S. President Donald Trump heads for a rally in coal-rich West Virginia as his EPA readies for a roll back on rules targeting coal as a power source. File Photo Continue Reading
