Tag Archives: United States of America

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in the week ending February 20, after falling by 609,000 barrels in the week prior. Analysts had expected a smaller build of 1.85 million barrels. Inventories in the US Strategic Petroleum …

India should increase the amount of crude oil and coking coal it imports from the United States as a way to diversify its supply under the interim trade deal between New Delhi and Washington, according to the country’s commerce and industry minister. India is especially keen on importing more high-quality …

U.S. natural gas prices extended a slide that started earlier this month due to forecasts of warmer weather in the near future. In morning trade in Asia today, the futures contract for March shed 7.4% from Friday, falling to just above $3 per million British thermal units, the lowest price …

Venezuela’s oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months, U.S. Energy Secretary Chris Wright told NBC News in an interview. “Sales today are over a billion dollars, and in fact, we have sort of …

Venezuela’s crude oil production could increase dramatically as soon as this year, U.S. Energy Secretary Chris Wright said during his visit in the South American country. “This year, we can drive a dramatic increase in Venezuelan oil production, in Venezuelan natural gas production and Venezuelan electricity production,” Wright said, as …

The United States has transferred the proceeds from sales of Venezuelan oil to Caracas, following a deal agreed by the two governments in January. The deal involved Venezuela “turning over” between 30 million and 50 million barrels of crude to the United States, according to a social media post by …

Russia’s flagship crude, Urals, is being offered in India at a widening discount to Brent, with the differential now at $11 per barrel and testing the appetite of Indian refiners amid the trade deal with the U.S. that calls for limited purchases of Russian oil. Sellers are offering Urals at …

President Donald Trump said on Monday that the United States and India have reached an agreement on a trade framework that cuts U.S. tariffs on Indian goods and commits New Delhi to expand purchases of U.S. oil and gas, pushing energy supply to the center of talks that have unfolded …

The United States has extended a Treasury license that shields Venezuela-owned refiner CITGO Petroleum Corp from creditor actions through March 20, a move that preserves the company’s legal status while debt disputes continue, Reuters reported on Monday. The license prevents creditors from seizing Citgo’s U.S. assets as part of ongoing …

The United States will keep what it calls an oil quarantine on Venezuela even after U.S. forces bombed Caracas and captured President Nicolas Maduro. According to Secretary of State Marco Rubio, this quarantine is as far as the U.S. “running Venezuela” would go. “We continue with that quarantine, and we …