WASHINGTON – The American Petroleum Institute (API) and the American Exploration and Production Council (AXPC) today released new analysis demonstrating the significant and growing economic benefits of America’s abundant crude oil resources for both domestic use and […]
Crude oil futures were higher in mid-morning Asian trade July 26, extending strong overnight gains, as a still tight physical supply picture gained the upper hand over recession fears for the moment. At 10:07 am […]
Both OPEC and U.S. shale producers maintain a cautious approach toward production growth. OPEC+’ very limited spare capacity could further create upward risk for oil Sanctions on Russia are unlikely to be dropped in the […]
Money managers have started to close out short positions on oil. The oil price slump that started mid-June could be about to reverse. The disconnect between the physical crude market and paper crude market remains […]
LONDON, July 26 (Reuters) – Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a […]
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, […]
Crude oil futures were lower in mid-morning Asian trade July 25 as signs of weakening economic activity in the West continued to weigh on oil prices. At 10:16 am Singapore time (0216 GMT), the ICE […]
June container volume at Port Houston showed double-digit growth, totaling 323,823 TEUs, an 11% increase compared to the same month last year and the biggest June ever for containers. It’s the fifth month this year […]
The U.S. still remains ‘a ways away’ from reaching an international agreement to impose a price cap on Russian oil exports, with limited enthusiasm from the world’s largest energy buyers India and China, so far, […]
Slowing global oil demand growth next year, spiking food prices, and fears of recession in major oil-importing countries are set to slow economic growth in the Middle East, whose major oil producers are enjoying this […]
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