Overall, U.S. crude exports last week touched a weekly record of 5.1 million barrels per day (bpd), boosted by higher shale production. The U.S. benchmark West Texas Intermediate (WTI) traded at a nearly $9 a barrel discount to global Brent, compared to a $6 discount at the start o...
Essam Al-Sudani | Reuters Oil prices were on pace to post their best day in two weeks on Tuesday after Saudi Arabia said it would cut oil exports in November, while a big chunk of U.S. offshore production remained offline. U.S. West Texas Intermediate crudesurged $1.34, or 2.7 percen...
crude oil exports, the United States once shipped 1,000 barrels of oil to Saudi Arabia back in 2002, according to U.S. Census Bureau data. The cargo to Saudi Arabia in June may have been part of a bigger shipment headed for another export destination, traders told Reuters. As of M...
Crude oil tankers, including Troitsky Bridge vessel, lie at anchor in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo WASHINGTON (Reuters) - Two U.S. Treasury Department officials will head to Europe next week to discuss...
WASHINGTON D.C.: In 2023, the US could become a net exporter of crude oil, amidst sanctions against Russia's exports of oil and natural gas following its invasion of Ukraine, and Washington's massive release of oil from emergency reserves to combat surging gas prices. ...
WASHINGTON D.C.: In 2023, the US could become a net exporter of crude oil, amidst sanctions against Russia's exports of oil and natural gas following its invasion of Ukraine, and Washington's massive release of oil from emergency reserves to combat surging gas prices. ...
February 15, 2024 [Reuters]- U.S. crude oil stockpiles rose last week while gasoline and distillate inventories fell as refining dropped to their lowest levels since December 2022, the Energy Information Administration said on Wednesday.
That distillate drawdown came as heating oil demand is due to rise as winter months approach. Stockpiles of the fuel have remained tight due to heavy demand worldwide and refinery issues in both the U.S. and France. U.S. exports of petroleum products rose last week to their highest on...
Crude inventories increased by 10.2 MMbbl in the week ended Dec. 9 to 424.1 MMbbl, compared with analysts' expectations in a Reuters poll for a 3.6 MMbbl drop. The crude stockpile figure included a 2.26 MMbbl/d adjustment. Kpler analyst Matt Smith attributed the adjustment to exports which wer...
US trade gap widens on oil, exports set recordByDoug Palmer/Reuters