U.S. to release 30 million barrels of crude oil from its Strategic Petroleum Reserve

Source: U.S. Energy Information Administration, Weekly Petroleum Status Report On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to…

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EIA expects U.S. petroleum trade to shift toward net imports during 2022

Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it…

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Read more about the article Oil prices rebound as growing political tensions fuel supply fears
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo

Oil prices rebound as growing political tensions fuel supply fears

LONDON, Jan 25 (Reuters) - Oil prices bounced back on Tuesday, recovering some of the previous day's losses, as growing tension in Eastern Europe and the Middle East fueled concerns…

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U.S. crude stockpiles fall to lowest levels since October 2018, gasoline inventories surge: EIA

Jan 12 (Reuters) - U.S. crude oil stockpiles fell more than expected to their lowest levels since October 2018, but gasoline inventories surged due to weak demand, the Energy Information…

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Read more about the article Crude oil prices increased in 2021 as global crude oil demand outpaced supply
REUTERS

Crude oil prices increased in 2021 as global crude oil demand outpaced supply

Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy…

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Read more about the article Gasoline prices expected to drop leading into holiday season
Gas prices around the region are expected to drop slightly leading into the holidays. David Kennard | The Robesonian

Gasoline prices expected to drop leading into holiday season

Gas prices around the region are expected to drop slightly leading into the holidays. David Kennard|The Robesonian Two major price watchers are pointing to falling gas prices during the holiday…

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Read more about the article Oil price drops 10% in biggest one-day fall since early days of pandemic
The sudden drop in global oil prices also wiped value from the UK’s largest listed oil and gas companies. Photograph: Jacob Ford/AP

Oil price drops 10% in biggest one-day fall since early days of pandemic

  The sudden drop in global oil prices also wiped value from the UK’s largest listed oil and gas companies. Photograph: Jacob Ford/AP Jillian Ambrose Energy correspondent Fri 26 Nov 2021 07.22…

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