Browsing Tag

EIA

The U.S. had a surge in its oil reserves

Commercial oil reserves in the United States experienced an unusual increase of 1.3 million barrels over the past week, altering market projections. As reported by the U.S. Energy Information Agency (EIA) last Wednesday, this change defies common trends for this winter season. Contrary to…

Russia is the second largest oil supplier to the US

The United States' imports from Russia of crude and refined petroleum products increased 23 % compared to May to reach about 844,000 barrels per day. This is demonstrated by the information published by the Energy Information Administration…