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Crude Shows Surprise Build But Product Inventories Slip Further

The trend of decreasing Strategic Petroleum Reserve (SPR) continues for the seventh week, while U.S. crude oil production remains steady at 12.3 million bpd.

Saudi arabiaUnited kingdomEuropean commissionUk emerges from energy crisisB energy trading unitOil production phaseout would cost canadaRecord chinese oil demand promptsStrong oil productsNigeria oil outputBig oil could faceIraq asks turkey to resume oilNigeria cant rely on oil gas revenuesQatarenergy awardsContract for north field southNigeria cant rely on oilLift global growth forecast

U S Gasoline Prices Are Set For A Significant Decline

The average price of gasoline in the United States is down by $1 compared to this time last year and is set to fall even further this year.

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