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U.S. crude stockpiles had another multi-million barrel build last week, trade group API said Tuesday, as refiners slowed down the output of fuel products amid an unseasonably warm winter.
U.S. crude inventories rose by 3.378M barrels during the week ended Jan. 20, the API said. In the previous week to Jan. 13 and Jan 6, the API reported back-to-back crude builds of 7.615M and 14.865M barrels.
Specifically for the Cushing, Oklahoma delivery point for U.S. crude, the API reported a stockpile build of 3.928M barrels, after the previous week’s rise of 3.7M barrels.
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by Bloomberg|María Paula Mijares Torres |US President Donald Trump said his administration’s talks with Iran...
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The Trump administration is once again turning its attention to Alaska, sending three Cabinet...
In a surprising legal development, the New Mexico Court of Appeals has dismissed a...
by Andreas Exarheas|RigZone.com| A statement posted on OPEC’s website on Saturday announced that Saudi Arabia,...
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By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
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