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Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall

Crude inventories ballooned this week according to API inventory data, but the build in crude inventories came along with declines in gasoline and distillates

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What Caused the Recent Drop in Oil Prices? Goldman Trader Chimes In

Goldman Sachs trading desk attributes the recent plunge in oil prices to a combination of weaker physical markets, decreased Middle East risk premium, and other market dynamics.

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US Drillers See Sharpest One-Week Increase In Oil Rigs Since February

The number of oil rigs rose by 6 to 500 the highest one-week increase in 9 months

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U S Sanctions U A E Maritime Firms for Bypassing Russian Oil Price Cap

The U.S. has imposed sanctions on three U.A.E.-based maritime companies and three vessels for transporting Russian oil above the imposed $60 price cap.

Saudi arabiaPort arthurIsrael generalAsh sharqiyahCommunications blackout in gaza as fuel runsBp weighs teamEconomic concerns put oil prices onClimate concerns havent crippled big oil fundingWind developers significantly higher electricity pricesIran oil industry amid israelCourt orders biden administration to hold oilUk household energy bills could riseSaudi arabia oil exports rose fromClean energy jobs riseCarbon energy securityTop german court voids

Thanksgiving Travel Surges To Pre-Covid Peaks, Marking A Return To Normalcy

As many as 49.1 million Americans are expected to hit the highways, an increase of 1.7% compared to 2022.

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