W ASHINGTON, 12th April, 2025 (WAM) – U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d). Despite this new ...

The price of Brent crude oil has fallen to $61 per barrel from an average of $79 per barrel in January, when the Trump administration took charge. There are several reasons for the sharp fall.

Officials say the amount of crude oil spilled, near Fort Ransom, is estimated at 3,500 barrels (147,000 gallons). The pipeline was shut down after the leak was found. The release is confined to a ...

A farmer told The Associated Press he could smell the scent of crude oil, carried by the wind. South Bow, a liquid pipelines business that manages the pipeline, estimated the spill's volume at ...

But there are probably few industries feeling more aggrieved right now than US shale oil. Over the last 15 years, it has made America the world’s top crude producer, lowered energy costs and ...

The GCC also holds approximately 32.6% of the world's proven crude oil reserves, according to the Statistical Center of the Cooperation Council for the Arab States of the Gulf. That makes it both ...

NEW YORK, April 9 (Reuters) - U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down ...

The policy, which mandates the transaction of crude oil and refined petroleum products in Naira, is aimed at strengthening the country’s economic sovereignty, enhancing local refining capacity ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in ...

The Keystone pipeline - an oil pipeline system in Canada and the United States - ruptured on Tuesday and started to spill oil after a large bang. The incident was reported around 7.45am local time ...

The global oil market has been rocked in recent sessions as the Trump administration’s escalation of the trade war.(Bloomberg) Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice ...

1:56 Trump wants Keystone XL pipeline built ‘now’ — but is there industry appetite? The more than 4,300-kilometre Keystone oil pipeline was shut down Tuesday morning after it ruptured in ...