U.S. crude oil imports and exports both increased during the week ending June 4, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 6.6 million barrels per day (b/d) last week, up by about 1 million b/d from the previous week, while crude oil exports averaged about 2.9 million b/d, up .
HOUSTON, June 10 (Xinhua) Working gas storage in the contiguous United States was 2,411 billion cubic feet (about 65.5 billion cubic meters) in the week endi
China’s factory-gate inflation last month rose at the highest rate in more than a decade, official data showed yesterday, as the world’s second-largest economy worked to contain a surge in commodity prices.
Factories so far seem to be absorbing costs rather than passing them on to consumers as domestic demand recovers from the strict COVID-19 lockdowns imposed last year.
The producer price index (PPI), which measures the cost of goods at the factory gate, exceeded expectations, spiking 9 percent year-on-year last month, the Chinese National Bureau of Statistics (NBS) said.
It was its highest jump since September 2008.
In particular, prices in the oil
Number of active U.S. drilling rigs decreases this week
Xinhua
05 Jun 2021, 07:49 GMT+10
HOUSTON, June 4 (Xinhua) The number of active drilling rigs in the United States decreased one to 456 rigs this week, up by 172 year on year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes. These active drilling rigs included 359 oil rigs operating in the U.S. oil fields, unchanged from the previous week; 97 gas drilling rigs, down by one from the previous week. There was no miscellaneous rigs, down by one from last week. The 456 rigs included 442 land drilling rigs and one inland water rig both unchanged from last week. There was 13 offshore drilling rigs, down by one from last week.
U.S. oil imports, exports down last week: EIA
Xinhua
04 Jun 2021, 02:30 GMT+10
HOUSTON, June 3 (Xinhua) U.S. crude oil imports and exports both decreased during the week ending May 28, the U.S. Energy Information Administration (EIA) said Thursday. U.S. crude oil imports averaged 5.6 million barrels per day (b/d) last week, down by about 641,000 b/d from the previous week, while crude oil exports averaged about 2.5 million b/d, down by about 889,000 b/d from the previous week, according to the Weekly Petroleum Status Report. Over the past four weeks, crude oil imports averaged about 6.0 million b/d, down by about 41,000 b/d year on year, while crude oil exports averaged about 2.8 million b/d, down by about 414,000 b/d year on year.