Economics Markets

EIA: US crude inventories increase 6.5 million bbl

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.5 million bbl for the week ended Oct. 12, according to data from the US Energy Information Administration. At 416.4 million bbl, US crude…

Oil’s growth market

Whether or not governments aggressively pursue energy sustainability, petrochemicals constitute an important growth market for oil and natural gas. Work should start now to prevent activists from sabotaging the business.

IEA moderates global oil demand outlook

The International Energy Agency has moderated its global oil demand outlook, according to its October Oil Market Report. IEA now forecasts a growth of 1.3 million b/d for 2018 and 1.4 million b/d for 2019,…