Crude Oil

U.S. crude oil loadings saw a significant decrease last week, dropping by 211,000 barrels per day (Mb/d) to an average of 3.7 million barrels per day (MMb/d). This reduction brought…

China Petroleum and Chemical Corp., commonly known as Sinopec, experienced a modest rise in profit during the first half of the year, despite significant challenges from a weakening Chinese economy.…

On Thursday, crude oil and gasoline prices saw a moderate uptick, with October WTI crude oil (CLV24) closing up by 1.50% and October RBOB gasoline (RBV24) rising by 1.36%. This…

The United States has long been one of the largest consumers of crude oil in the world. Despite significant domestic production, the country still relies on imports to meet its…

Crude oil remains one of the most crucial natural resources globally, driving economies and influencing geopolitics. The discovery and exploitation of large oil fields have shaped the modern world, making…

Crude oil, often referred to as “black gold,” is a vital resource that significantly influences the global economy. Extracted from deep within the Earth, crude oil is a complex mixture…

Crude oil, often dubbed the “black gold,” is a vital resource with diverse applications across various industries. One of the less commonly discussed, but equally important, functions of crude oil…

Crude oil is one of the most valuable resources in the world, serving as the foundation for various products, including fuels, chemicals, and plastics. Plastics, in particular, have become an…

Canada is one of the world’s leading producers of crude oil, particularly from its vast oil sands reserves in Alberta. While this industry contributes significantly to the national economy, it…

The transformation of plankton into crude oil is a fascinating natural process that spans millions of years. Understanding this process is essential for comprehending how fossil fuels are formed and…