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While China's appetite for U.S. oil has diminished in recent years thanks to discounted Russian and Iranian oil, exports were 166,000 barrels per day in 2024, accounting for nearly 5% of all U.S ...
Glickman said the United States remains the leader in crude oil production, producing 13.2 million barrels a day in 2024. He said EIA is forecasting that the United States will produce 13.5 ...
Oil prices steadied on Wednesday as investors weighed the impact of potential U.S. tariffs on Canadian and Mexican imports, while largely shrugging off an increase in U.S. weekly crude inventory ...
After averaging a record 12.9 million barrels of crude oil per day in 2023, American oil production topped 13.4 million barrels per day in August 2024, according to the Energy Information ...
Canadian and Mexican crude accounted for around 28% of U.S. refiners' crude diet in 2023, Energy Information Administration data (EIA) showed, with inland refineries in the Midwest especially ...
The day after oil fell nearly 5 percent to a four-month low, the fourth down week finished with Brent at $80.61 and WTI at $75.89 as a result of continued bad news from China, high U.S. inventories and record production, with sanctions on Russian oil shipments causing prices to increase.
Indeed, the inclusion of oil would be no small detail. Canada exported over $160 billion worth of crude and refined petroleum in 2022, and US firms made up the lion's share of recipients. All told ...
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...
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