stockpiles
(Bloomberg) — Oil fell after US crude inventories increased the most since November, swelling even more than an industry-funded report had indicated they would. Most Read from Bloomberg West Texas Intermediate slipped below $78 a barrel after earlier rising as much as 1.2%. US crude stockpiles increased 12 million barrels last week, bringing inventories to […]
A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo Acquire Licensing Rights
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo Acquire Licensing Rights
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File photo
The Biden administration is delaying the replenishment of the nation’s emergency oil reserve after deciding the offers it received were either too expensive or didn’t meet the required specifications, according to people familiar with the matter. The Department of Energy rejected the several offers it got for a potential purchase in February, said the people, […]
Oct 13 (Reuters) – U.S. crude stocks rose by nearly 10 million barrels last week after another big release from government reserves, while distillate inventories fell sharply, the Energy Information Administration said on Thursday. Crude inventories
September 12, 2022 (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), a senior member of the Senate Armed Services Committee and Chair of the Senate Foreign Relations Subcommittee on Europe and Regional Security Cooperation, and Senator John Cornyn (R-TX) led the introduction of the Securing American Acquisitions, Readiness, and Military Stockpiles Act, which would give […]
View of storage tanks and oil pipelines at the Shell Carson Distribution Complex, which distributes fuel throughout Southern California, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – U.S. crude oil exports surged to an all-time high […]
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com Register LONDON/WASHINGTON, March 31 (Reuters) – Top oil consuming nations may find that one of […]
Oil pushed higher after a government report showed U.S. crude inventories dropped, while storm damage to a vital Black Sea export terminal worsened supply risks. West Texas Intermediate futures topped US$115 a barrel after the U.S. Energy Information Administration said Wednesday that crude stockpiles fell 2.51 million barrels last week. Prices were already rising on […]