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November 16, 2023 at 5:24 PM. Crude oil futures were down as much as 5% on Thursday as concerns of a supply squeeze faded amid rising inventories and fears of a slowdown in the global economy. On ...
On Sunday, prices for regular gas in Florida averaged $3.16 per gallon – the lowest daily average price since Feb. 12 of this year. Sunday's statewide average is 15 cents less than last week, 24 ...
According to a press release from Flint Hills Resources 14,000 gallons of light crude oil were discharged during that incident from a fractured 3-inch sump line on Dock 5.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
After Saudi Arabia promised further production cuts, WTI reached $51.28 on January 7 and Brent climbed as high as $54.90, the highest since before COVID-19. [36] On January 14, a weaker dollar and an expected COVID-19 relief package helped oil move slightly higher, with WTI at $53.57 and Brent at $56.42, though Europe was experiencing more lockdowns and China had a higher number of COVID-19 ...
Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021) Source. Canada. Iran. Iraq. Russia. Saudi Arabia. United States. Venezuela.
Lee expects Brent to start falling into the $70 range later this year and into the $60 range in 2025. His prediction comes as oil alliance OPEC+ has said it wants to start phasing out voluntary ...
The 140,000 barrel-per-day (bpd) Detroit refinery is one of Marathon's 13 refineries with approximately 2.9 million bpd of crude oil refining capacity. Teamsters also represent workers at Marathon ...