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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 ...
NEW YORK (Reuters) -Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model prompted concerns ...
The U.S. is a relatively small source of crude oil for China, accounting for 1.7% of its imports last year, worth about $6 billion. Just over 5% of China's LNG imports come from the 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 ...
U.S. imports of Canadian crude hit their highest on record in the week to Jan. 3, according to the EIA, a potential sign of refiners stocking up with tariffs looming.
The moves: US crude oil spiked as much as 4% on Monday before paring gains to about 0.6%. Other derivatives of oil also rose, with futures tied to gasoline jumping 5%, heating oil up 4%, and ...
One result of those slack prices is that U.S. average pump prices for gasoline fell to $3.03 a gallon this week, the lowest since May, 2021 and well down from their record peak of $5.02 from June ...
US oil production is likely to hit a new record high late this year or early next. Shhhh, don't tell anybody.