US Demand for Oil Surges, Depleting Tanks in Oklahoma
NEW YORK—Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in ...
Source: theepochtimes.com
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Oil Experiences "Healthy" Profit Taking As U.S. Inventories Rise
But resumption of Iran output could end the price rally, says one analyst.
Source: shipandbunker.com
UPDATE 2-China's daily crude imports hit year's low in May on refinery overhauls
* China's May crude imports at 9.65 mln bpd vs 9.82 mln bpd in Apr
Source: reuters.com
Gas shortages likely to linger for days
A Department of Homeland Security spokesperson said in a statement that its action was part of a “whole-of-government response.” Mukesh Sahdev, senior vice president and head of downstream at research company Rystad Energy said that over the next few days, it’s important for the government to provide people with communication and clarity. “The communication side is very important because sometimes it’s not a big issue per se, it is the reaction to the issue and the panic buying ... which causes probably a domino effect,” he said, clarifying in a follow-up email that he does be...
Source: thehill.com