Distillate fuel inventories grew by 3.1 million barrels. Crude oil imports declined by 304,000 bpd, averaging 6.1 million bpd. Over the past four weeks, crude oil imports averaged 6.5 million bpd.

Woods has argued that new oil projects in Guyana and the Permian Basin, along with liquefied natural gas investments, have ...

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Research on the effects of olive oil for eczema is mixed. Some studies suggest it may help relieve inflammation and pain, while others found that it may damage the skin barrier and worsen symptoms.

Early in the year, oil prices surged as OPEC+ announced production cuts of 1.66 million barrels per day (bpd), aiming to stabilize prices amid economic uncertainty. However, by the third quarter ...

Stretched public finances badly need the extra revenue that would come from higher oil exports, but the country is also under pressure to adhere to OPEC+ production limits that have helped keep global ...

By 1997, when 84 countries signed the Kyoto Protocol to curb global greenhouse gas emissions, the oil industry had built an effective apparatus for actively discrediting climate science and ...

U.S. benchmark West Texas Intermediate (WTI) crude oil prices topped $80 per barrel on Jan. 15 after closing out 2024 closer to $70 per barrel. Geopolitical policy is driving higher prices.

Kuwait’s oil production capacity now exceeds 3 million barrels per day (bpd), Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud al-Sabah said on Tuesday. The country’s oil production ...

Asia has been a key receiving hub of Russian high-sulfur fuel oil barrels, especially after Russia's invasion of Ukraine in 2022 sparked sanctions from the West. More recently, the U.S. imposed wider ...

Artificial intelligence has suddenly made electricity a hot commodity. No wonder major oil companies want a piece of it.

has made a new oil discovery in central Iraq, with potential reserves of 2 billion barrels, multiple media reports have claimed. MOC told local media that a "significant oil reservoir" has been ...