US Crude Stockpiles Slump as Export Surge to More Than 2-year High: EIA
“Strong exports have been driven by a pull to Europe and we should expect strength in the weeks ahead,” said Matt Smith, lead Americas analyst at Kpler.
New York AG Launches Investigation on Oil Industry Over Gas Price Gouging
The New York Attorney General launched an investigation to determine if the oil and gas industry has engaged in price gouging following testimonies from oil executives in Congress last week.
At California Gas Station, Republicans Woo Angry Over Fuel Prices
In an attempt to persuade passing motorists to register with the Republican party, activists gathered at a Chevron station in Orange County, California, blaming the Democratic party for high gas prices.
US Refiners Turn to Middle East for Fuel Oil after Russia Import Ban
About 4 million barrels from Middle East suppliers are set to discharge along the U.S. Gulf Coast next month, the highest level in at least 12 years.
US Crude Oil, Fuel Stockpiles Fall as Demand Jumps: EIA
Worldwide demand for crude oil was also visible in U.S. exports of crude, which rose to their highest since July 2021, and as refinery utilization rose on the U.S. Gulf Coast hub to its highest level since January 2020.
Platts Allows Traders to Specify Restrictions on Oil Product Origins
Russel Hardy, CEO of the world's largest oil trader Vitol, also said on March 22 customers did not want to buy Russian oil.
Chevron, Phillips JV to Pay Millions for Air Violations at Gulf Coast Chemical Plants
Chevron Phillips Chemical Co. LP entered a settlement with the Justice Department to resolve allegations that it violated the Clean Air Act and state pollution laws at three of its petrochemical facilities along the Texas Gulf Coast.
US Crude Oil, Fuel Stockpiles Fall; Strategic Reserves at 2002 Low
U.S. crude stocks in the Strategic Petroleum Reserve (SPR) fell to 577.5 million barrels, the lowest since July 2002.
Closer Look: US Imports of Russian Oil
RED President Steve Hendrickson examines the U.S. imports of Russian crude and petroleum products plus the likelihood of losing those volumes.
US Hits Russian Oil Refining Sector, Slaps Export Curbs on Belarus
Oil marched relentlessly higher beyond $110/bbl on March 2, responding to a flood of divestment from Russian oil assets by major companies and expectations that the market will remain short of supply for months to come.