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Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall

Crude inventories ballooned this week according to API inventory data, but the build in crude inventories came along with declines in gasoline and distillates ....

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What Caused the Recent Drop in Oil Prices? Goldman Trader Chimes In

Goldman Sachs trading desk attributes the recent plunge in oil prices to a combination of weaker physical markets, decreased Middle East risk premium, and other market dynamics. ....

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US Drillers See Sharpest One-Week Increase In Oil Rigs Since February

The number of oil rigs rose by 6 to 500 the highest one-week increase in 9 months ....

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U.S. Sanctions U.A.E. Maritime Firms for Bypassing Russian Oil Price Cap

The U.S. has imposed sanctions on three U.A.E.-based maritime companies and three vessels for transporting Russian oil above the imposed $60 price cap. ....

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