The number of oil rigs in the United States decreased by two to reach 484 in the week ending March 28, according to the Baker Hughes weekly rig count released on Friday. The rig count declined by 22 year-on-year.The country's gas rig count climbed by one to 103 in the reported week, dropping...
Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went down by 3.34 million barrels to 433.6 million barrels in the week ending March 21, the Energy Information Administration (EIA) stated in its report published on Wednesday.Oil...
The prices of oil futures increased on Wednesday ahead of the Energy Information Administration's (EIA) newest report on oil inventories in the United States. Meanwhile, API data showed that US crude oil inventories fell by 4.6 million barrels last week, surpassing market expectations of a 2.5...
Crude oil inventories in the United States decreased by 4.6 million barrels in the week ending March 25, the American Petroleum Institute's (API) private data reportedly showed on Tuesday.On the other hand, those of distillates were said to have declined by 1.35 million barrels. Gasoline stockpiles were...
Chinese Foreign Ministry spokesman Guo Jiakun (pictured) criticized the US decision to impose tariffs on countries importing Venezuelan oil, calling it an "abuse of unilateral sanctions and interference" in other nations' affairs. Speaking on Tuesday, he urged Washington to lift its restrictions on...
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