Boe Report Canada’s oil producers have gained a new gateway to one of the world’s most important energy hubs with the opening of Enbridge’s Houston Oil Terminal (EHOT), strengthening market access to the U.S. Gulf Coast refining sector and international exports. The terminal,...
WORLD OIL (Bloomberg) – Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week, underscoring the rapid rapprochement between Washington and Caracas. The Venezuelan authorities are attending the G20 energy ministerial that started Monday in Houston...
U.S. oil tops $105 as Saudi Arabia reportedly cancels some crude cargoes after pipeline closure CNBC: Key Points Crude oil prices rose Tuesday as Saudi Arabia reportedly cancelled some shipments after drone attacks forced the closure of its key export pipeline. U.S. West...
INVESTING.COM: By Colleen Howe BEIJING, June 25 (Reuters) – Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns....
Data source: EIA, Weekly Petroleum Status ReportNote: Commercial crude oil stocks do not include oil in the Strategic Petroleum Reserve EIA.GOV: For the week ending June 19, 2026, U.S. refineries processed 17.1 million barrels per day (b/d) of crude oil, down 81,000 b/d from the previous...
WORLD OIL: Yongchang Chin, Alex Longley and Gabriel Levin June 24, 2026 (Bloomberg) – Brent oil fell below $75 for the first time since the Iran war began, as more tankers openly cross the Strait of Hormuz, while the U.S. and Iran signal progress...
BBC NEWS: Osmond Chia and Mitchell Labiak, Business reporters US President Donald Trump has said he has ordered an investigation into major energy companies, accusing them of “gouging” drivers by not cutting fuel prices after wholesale oil costs fell on global markets. Speaking to reporters in...
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...