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U S Crude Inventories Dive By 4 210 Million Barrels, API Reports

The American Petroleum Institute reports a significant drawdown in U.S. crude inventories, while product inventories, including gasoline and distillate, see a build, amidst fluctuating oil prices.

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OPEC+ On Alert As World Bank Slashes China s Growth Forecasts

The UAE Minister of Energy expresses concerns about long-term undersupply of cru

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U S To Lose 2 5M BPD In Refining Capacity This Maintenance Season

Fall refinery maintenance in the United States will see almost 2.5 million barrels per day of capacity taken offline.

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Reuters Survey: OPEC Output Down 460,00 BPD This Month

A Reuters survey on Wednesday shows a drop in OPEC oil output for May following voluntary production cuts by OPEC+ said to help support the market

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American Offshore Wind Gets Gulf Of Mexico Green Light

The U.S. Bureau of Ocean Energy Management (BOEM) has given the Gulf of Mexico the environmental green light for offshore wind energy development on the outer continental shelf’s federal territory, paving the way for offshore wind projects across 30 million acres

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