U.S.
EIA: U.S. crude inventories decline for tenth week to over 40-yr low
The total stocks, including those from the strategic petroleum reserve, have fallen by 96.25 million barrels since the start of the Iran war, as countries around the globe have called on U.S. oil and products to fill supply gaps.
Opinion: Is the Iran war just an energy shock—or a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
U.S. refiners can still absorb more Venezuelan oil, Energy Secretary Wright says
Venezuela is sending about half of its total exports of 1.25 MMbpd to the U.S., with the remaining volumes going mainly to India and Europe.
U.S. summer driving season hits as gasoline supplies squeezed tight
Surging summer demand from American motorists has not stopped U.S. refiners from increasingly prioritizing lucrative diesel and jet fuel production to backfill global shortages caused by shipping disruptions at the Strait of Hormuz.
U.S. sanctions Cuban state oil company, adding obstacles for fuel imports
Washington has imposed sanctions on an array of Cuban entities and people, including the island nation's president, as it seeks to intensify pressure on Cuba's communist leaders.
Gulf Coast Midstream selects Audubon for FEED on Nash Energy Storage Hub
Audubon Companies has been selected by Gulf Coast Midstream Partners (GCMP) to provide front-end engineering and design (FEED) for the Nash Energy Storage Hub.
EIA: U.S. jet fuel production rises after prices doubled in March
Higher crude oil prices and supply concerns, particularly in Europe and Asia, which previously imported much of their jet fuel supply from the Persian Gulf, have driven up jet fuel prices.
U.S. oil exports surge, draining domestic crude inventories toward rock bottom
Cushing is among the largest oil storage hubs in the world. Oil levels in its tanks have fallen rapidly since the war began and Iran effectively closed tanker traffic through the Strait of Hormuz.
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