Tag Archives: United States of America

US Crude Oil Inventories up 0.6% for Week Ending May 5

US commercial crude oil inventories increased 0.6% during the week ending May 5, according to data released by the Energy Information Administration (EIA) late Wednesday. Inventories rose by around 3 million barrels to 462.6 million barrels, lower than the American Petroleum Institute’s expectation of a rise of 3.6 million barrels. …

Read More »

USA Pipeline Agency Proposes Tougher Safeguard Rule

The USA pipeline safety agency has filed a draft regulation aimed at strengthening industry measures to curb methane emissions and prevent hazards to people and the environment from the country’s nearly three million miles of gas pipelines. The proposal by the Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety …

Read More »

Oil Prices Fall on Fears of US Rate Hike

Oil prices dropped on Monday as jitters over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data were enough to outweigh support from new OPEC+ supply cuts taking effect this month Brent futures for July delivery were down 56 cents, or 0.7%, …

Read More »

U.S. Stresses Importance of LNG for Europe

Russian President Vladimir Putin belied that his invasion of Ukraine in 2022 would go largely unopposed by the U.S. and its allies for the same reason that he was able to invade the country in 2014 and annex Crimea. That is, that the non-U.S. part of the North Atlantic Treaty …

Read More »