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This Week in Petroleum: Weekly summary and explanation of events in United States and world petroleum markets, including weekly data. [10] This report, together with its companion, the Weekly Petroleum Status Report, [11] is a handy tool for investors. These are published every Wednesday (unless Monday is a holiday) at 10:30 AM Eastern Time ...
Data from the organization’s Weekly Petroleum Status Report indicates that gas consumption in the U.S. during the second quarter of 2022 and into the start of July is lower than the same period ...
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
(The Center Square) – The U.S. oil industry broke another production record this year, averaging 13.4 million barrels per day (b/d) of crude oil in August, according to a new U.S. Energy ...
The Biden administration said on Friday it has bought its last batch of oil for the Strategic Petroleum Reserve after selling a record amount from the facility in 2022 to counter fuel prices that ...
A 249-page May 2004 report by the Government Accountability Office (GAO)—the "congressional watchdog", investigating the impact of about 2,600 petroleum industry mergers from the 1990s to 2004, said that one of the consequences of the mergers was that they enhanced the ability for the merged companies to control prices. [10]
Oil prices were on the move today, as the EIA's Weekly Petroleum report showed U.S. crude oil inventories decreased by 1.3 million barrels in the past week and the Federal Reserve announced that ...
The next week, the Weekly U.S. Imports of Crude Oil and Petroleum Products returned to 1,322,000 barrels per day. In March 2019, crude oil prices regained momentum after reports showed an unexpected drop in US fuel supplies. The American Petroleum Institute reported domestic crude inventories declined 2.58 million barrels the previous week. The ...