Oil Prices Fall On Another Major Crude Inventory Build
Oil prices continued to fall after the Federal Reserve notes as the API reported yet another major build in crude oil stocks
Source: oilprice.com
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WTI Loses Over 3% As Fed Minutes Fail To Calm Markets
Official minutes of the Feb 1st Federal Open Market Committee have been released, showing that a majority of Federal Reserve officials had agreed to slow the pace of interest rate hikes
Source: oilprice.com
Russia May Be Expanding Oil Output Cuts
Russia will slash crude exports from western ports by one-quarter in March and April, expanding the 500,000 barrel-per-day cuts it announced for next month in apparent retaliation for Western sanctions
Source: oilprice.com
U.S. Electric Vehicle Sales Poised For A Breakout Year
The U.S. has overtaken Germany to become the world’s second-largest electric vehicle market, and generous tax credits could accelerate the rise in sales
Source: oilprice.com
India Invokes Maximum Energy Output Law from Coal Plants
With India gearing up for massive power usage in the second quarter, the government will utilize an emergency law that will demand maximum output from power plants running on imported coal
Source: oilprice.com