The US imports some 4 million barrels per day of oil from Canada, roughly 70% of which is processed by refiners in the US ...
Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...
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While the price gap between a barrel of North American benchmark oil and a barrel of Canadian oilsands crude has long existed ...
U.S. President Donald Trump has set a Saturday deadline for imposing 25% tariffs on imports from Mexico and Canada unless the ...
Trump floated February 1 as the start date for the tariffs shortly after his inauguration on January 20. Trump also said at ...
Oil futures edged higher in early Asian trade. Brent crude oil was consolidating around the $77/bbl level amid continued uncertainty over whether OPEC will align its policies with Trump’s desire for ...
However, high correlation to crude can be a double-edged sword, as many energy investors experienced when crude prices ...
The U.S. Energy Information Administration reported Wednesday that commercial crude inventories climbed for the first time in 10 weeks. Domestic commercial crude supplies rose 3.5 million barrels for ...
U.S. oil futures on Wednesday marked their lowest settlement price of the year so far after official data revealed a weekly ...
U.S. Crude Oil Stockpiles Rise for First Time in 10 Weeks U.S. crude oil inventories increased for the first time in 10 weeks as exports fell and refineries lowered their capacity use, according to ...
Commercial crude stockpiles rose by 3.5 million barrels. Analysts had predicted inventories would increase by 1.1 million ...