Federal law enforcement arrested and charged two Russian individuals with criminal copyright infringement...
Federal law enforcement arrested and charged two Russian individuals with criminal copyright infringement over their alleged involvement with the pirated ebook Z-Library. Z-Library, which has been around since 2009, billed itself as the “world’s largest ebook library” before the US government shut down the site earlier this month.
Benchmark U.S. crude oilfor January delivery rose $3.01 to $77.94 a barrel Wednesday. Brent crude for January delivery fell $2.95 to $85.41 a barrel.
Wholesale gasolinefor December delivery fell 7 cents to $2.47 a gallon. December heating oilfell 11 cents to $3.36 a gallon. December natural gas rose 53 cents to $7.31 per 1,000 cubic feet.
US Crude Oil Inventories Down, SPR Still at Historic Lows, But Other Petroleum Inventories Up: EIA
The Nov. 23 weekly report from the Energy...
The Nov. 23 weekly report from the Energy Information Administration (EIA) shows that commercial crude oil inventories in the United States fell by 3.7 million barrels–yet inventories of motor gasoline, distillate fuel, and other petroleum products increased, for an overall rise of 3.3 million in total commercial petroleum inventories.
The EIA’s latest numbers covered the week ending Nov. 18. Notably, the EIA’s commercial crude oil data did not include the latest releases from the Strategic Petroleum Reserve (SPR).
The EIA’s latest report shows that commercial distillate fuel oil stocks have increased. Those inventories include diesel fuels, which are still in short supply nationally and globally as winter looms.
ConocoPhillips has finalized an agreement with Sempra Infrastructure...
ConocoPhillips has finalized an agreement with Sempra Infrastructure for a 30% equity stake in the proposed Port Arthur LNG export project in Texas ahead of a final investment decision planned for early 2023. ConocoPhillips has also agreed to buy 5.5 million short tons per year from the facility over 20 years and supply feed gas for the first phase of the project.
US petroleum demand strengthened in Oct., API says
US petroleum consumption rose by 1.9% month over month to 20.3 million barrels per day in October, driven...
US petroleum consumption rose by 1.9% month over month to 20.3 million barrels per day in October, driven by increases in deliveries of distillates and refinery and petrochemical liquid feedstocks, according to the American Petroleum Institute's latest monthly statistical report. Domestic crude oil production climbed by 1.4% to 12.1 million bpd, while petroleum exports averaged 10.1 million bpd last month, the second highest in monthly data going back to 1947, the report shows.
