Crude oil inventories in the United States rose by 4.753 million barrels during the week ending November 8, according to…
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The Strategic Petroleum Reserve (SPR) is the United States’ emergency oil stockpile. It is the largest emergency oil storage in the world, with a current capacity of 713.5 million barrels. The SPR was established in the aftermath of the 1973-74 oil embargo as a response to the country’s vulnerability to oil supply disruptions.
Crude oil inventories in the United States rose by 4.753 million barrels during the week ending November 8, according to…
Crude oil inventories in the United States dropped by 777,000 barrels for the week ending November 1, according to data…
This week, oil markets are feeling the strain of persistent demand concerns, with OPEC revising down its global oil demand…
The U.S. Department of Energy (DoE) is looking to buy 3 million barrels of crude oil for the Strategic Petroleum…
Oil prices continue to face challenges, with Brent crude currently just above $71 per barrel. This decline follows a significant…
Crude oil inventories in the United States dropped by 573,000 barrels for the week ending October 25, as reported by…
Crude oil inventories in the United States decreased by 1.58 million barrels for the week ending October 11, as reported…
The global oil market consists of several benchmarks, and among the most prominent are U.S. crude, also known as West…
The significant oil price rally that began last week, boosting prices by nearly $10 per barrel, has started to reverse.…
U.S. crude oil inventories saw an unexpected rise of 10.9 million barrels for the week ending October 4, according to…
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