Sunday, August 16, 2026
Oil dips after surge in U.S. crude inventories- oil and gas 360

Oil dips after surge in U.S. crude inventories

Reuters NEW YORK – Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month’s Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery. Brent crude lost 30 cents, or 0.4%, at $67.22 a barrel by 11:31 a.m. EST (1631 GMT) and U.S. West

U.S. senators introduce bipartisan oil and gas leasing reform bill- oil and gas 360

U.S. senators introduce bipartisan oil and gas leasing reform bill

Reuters Two U.S. senators on Wednesday said they have introduced a bipartisan bill aimed at boosting taxpayer returns from federal oil and gas leasing, the latest in a string of moves in Washington seeking to reform drilling on public lands. The bill, authored by Senators Jacky Rosen, a Democrat from Nevada, and Chuck Grassley, a senior Republican from Iowa, would

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 13.8 million barrels

Weekly Crude Oil Storage as of March 5, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 13.8 million barrels from the previous week. At 498.4 million barrels, U.S. crude oil inventories are about 6% above the five year average for this time of year, according to the EIA crude oil and petroleum