Asia Braces For Much Tighter Oil Markets
Two months before the U.S. sanctions on Iranian oil exports go into effect, Asian refiners and traders are beginning to line up their purchases for cargo loadings for November. On Continue Reading
U.S. crude oil stockpiles decline more than expected last week: EIA
U.S. crude stockpiles fell more than expected last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Thursday. Crude inventories fell 4.3 million barrels in the Continue Reading
US shale boom begins to cool
The US shale oil industry is slowing as logistical challenges including labor costs and a lack of adequate pipeline capacity pile up, the chief executives of some of the largest Continue Reading
Manufacturing Energy Consumption Survey (MECS)
In the United States, the capability of the manufacturing sector to switch the fuels it uses declined continuously between 1994 and 2014, according to data from the U.S. Energy Information Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending August 31, 2018 U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending August 31, 2018, Continue Reading
Texas Oil Production Continues To Soar
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production . The data is through June 2018 and is in thousands of barrels per day. Continue Reading
Russia’s Lukoil to spend $1 billion on share buyback by end-2019: Interfax
MOSCOW (Reuters) – Russian oil firm Lukoil plans to spend at least $1 billion buying back shares by the end of next year, Interfax cited the company’s first vice president Continue Reading
Oil dips on emerging market turbulence, but looming Iran sanctions support
Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese Continue Reading
Gordon’s path, emerging market concerns cool oil complex
The oil complex turned lower Wednesday as a weaker emerging market outlook combined with cooling concerns regarding the expected impact of Tropical Storm Gordon. Receive daily email alerts, subscriber notes Continue Reading
Oil Prices Inch Lower After API Reports Minor Crude Draw
The American Petroleum Institute (API) reported a draw of 1.17 million barrels of United States crude oil inventories for the week ending September 1, compared to analyst expectations that this Continue Reading