Rigzone Industry News

The U.S. imposed the first sanctions for violations of the price cap on Russian oil introduced by the Group of Seven nearly a year ago.

U.S. crude oil stocks, not including the SPR, stood at 424.2 million barrels on October 6, according to the EIA.

The U.S. reached an informal understanding with Qatar.

The U.S. Energy Information Administration has revealed its latest Brent spot average price forecasts for 2023 and 2024.

The U.S. regular gasoline price is on a downtrend.

'Progress is tough and will require investment, collaborative effort, and detailed planning'.

Coal production in the USA grew to 594.2 MMst but consumption fell to 515.5 MMst in 2022 year on year amid a surge in prices.

U.S. crude oil stocks, not including the SPR, stood at 414.1 million barrels on September 29.

'These standards, which take effect late 2028, require non-weatherized gas furnaces and those used in mobile homes to achieve an annual fuel utilization efficiency of 95 percent'.

Buyers are shipping grains and oil from further and further away.