Weekly Crude Oil Storage as of April 17, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.9 million barrels from the previous week. At 465.7 million barrels, U.S. crude oil inventories are 3% above the five-year average...
Marketplace – Maybe it’s hoarding, or protectionist, or human nature. Whatever you want to call it, some countries have plenty of oil right now while others don’t. Nearly two months since the U.S. and Israel attacked Iran, launching a war that spread to...
Information Station – Oil is used to produce a wide assortment of goods—ranging from gasoline to sunglasses. So when the price of oil fluctuates, the impact ripples throughout the entire economy. The effect can be especially precarious for small business owners that already...
CNBC – Brent oil prices jumped more than 3% on Thursday, as tensions run high in the Strait of Hormuz with the U.S. and Iran enforcing blockades. Brent oil futures rose about 3% to close at $105.07 per barrel. West Texas Intermediate futures advanced around 3% to...
Houston Business Journal – Trump is “inclined” to keep Exxon out of Venezuela after CEO Darren Woods’ comments at the White House. Here’s what Woods and other Houston oil executives said during the meeting.
By Reuters Jan 12 (Reuters) – Oil prices are likely to drift lower this year as a wave of supply creates a market surplus, although geopolitical risks tied to Russia, Venezuela and Iran will continue to drive volatility, Goldman Sachs said in a note...
By Reuters MOSCOW, Jan 14 (Reuters) – Kazakhstan on Wednesday urged the U.S. and Europe to help secure the transport of oil following drone attacks on tankers heading to a Black Sea terminal on the Russian coast which handles one percent of global supply....
Yahoo Finance – Oil prices rose to a two-month high on Wednesday as traders priced in a heightened risk premium on Iran, where protests have been raging, and President Trump said the country’s ruling regime would “pay a big price.” International pricing benchmark...
Business & Industry Connection Magazine – On July 4, 2025, after months of debate and negotiation, President Donald Trump signed the keystone budgetary bill for his second administration. Dubbed “The One Big Beautiful Bill” (BBB), it will have a profound impact both on...
E&E News by Politico – The historic Spindletop oil site in Texas offers a model for storing more natural gas underground amid forecasts of surging demand. BEAUMONT, Texas — From the surface, the Spindletop salt dome in East Texas looks like a shadow...