Biden begs big oil buyers to help cool prices
HOUSTON (Reuters) - More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to…
Courtesy: Getty Images
Why can’t the US stop soaring oil and gas prices?
Source: BBC Image caption,Costs are soaring as demand for oil and gas rises much faster than output Texas oilman Jason Herrick is scrambling to pump more oil, chasing the promise…
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May 2, 2022
3:47 PM EDT
Last Updated 21 hours ago
Oil settles up on distillate strength, supply concerns
By Laura Sanicola
3 minute read
Storage tanks at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S.
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 with a drone. REUTERS/Bing Guan/Files
Oil settles up on distillate strength, supply concerns
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,…
Oil falls 3% as investors focus on weak China economic activity
Price action West Texas Intermediate crude for June delivery CL.1, -3.76% CL00, -3.74% CLM22, -3.73% slumped $3.95, or 3.8%, to $100.74 a barrel on the New York Mercantile Exchange.July Brent crude BRN00, -3.29% BRNN22, -3.41%, the global benchmark, dropped $3.82, or 3.5%,…
U.S. drillers add oil and gas rigs for record 21 months a row
April 29 (Reuters) - U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the…
What’s Next For America’s Strategic Petroleum Reserve?
Source: Robert Rapier - Apr 05, 2022, 3:00 PM CDT | OilNews.com This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.089 million…
A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil
Oil Tanker Takes a Meandering Path In the AtlanticSource: MarineTraffic.comhttps://www.nytimes.com/2022/04/02/climate/oil-tankers-russia.html The ship, originally sailing to Philadelphia, apparently lost its buyer in the middle of the Atlantic. A number of tankerscarrying…
Infographics: How much of your country’s oil comes from Russia?
Russia is the world’s second highest exporter of crude oil after Saudi Arabia. In 2019, 48 countries bought Russian crude oil worth $123bn. Oil prices have surged following Russia’s invasion…
Approved containers are the best way to store gasoline for a reason. Chris Bair / Unsplash
The safest ways to store gasoline
Please do not pump gasoline directly into a plastic bag, we're begging you. BY NATALIE WALLINGTON | PUBLISHED FEB 25, 2022 2:00 PM | Source: Popular Science Approved containers are the best way…
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 rises on concerns global political risks could tighten supplies
Reuters: 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 NEW YORK, Jan…