Highlights Gasoline stocks draw 2.42 million barrels Demand jumps 6% on week Refinery utilization drops 3 points amid unplanned outages A steep decline in refinery utilization and rising demand contributed Continue Reading
The Bureau of Safety and Environmental Enforcement (BSEE) revealed Tuesday that it has activated its hurricane response team and that it is monitoring offshore oil and gas operators in the Continue Reading
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy Continue Reading
Hurricane Ian Could Cause Billions in Damage in Florida Hurricane Ian is bearing down on Florida, threatening to further destabilize a homeowners-insurance market already teetering on the edge of disaster. Continue Reading
Pump Jacks extract crude oil in Midland, Texas. Photographer: Angus Mordant/Bloomberg The US is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF Continue Reading
Ongoing supply chain woes could push oil prices back to $100 per barrel. Analysts estimate gasoline prices could return to $5 per gallon. Biden’s ability to continue pouring oil onto Continue Reading
SINGAPORE/LONDON, Sept 28 (Reuters) – Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower Continue Reading
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could Continue Reading
U.S. exports of petroleum products jumped by 11% to a record 6 million barrels per day (bpd) in the first half of 2022, with exports growing at their fastest pace Continue Reading
US refining margins ticked up across the nation following a spate of unplanned refining fiascos, the beginning of seasonal turnarounds, and a pick-up in Atlantic Basin storm activity which could Continue Reading
