OPEC’s net oil export revenue lowest since 2004 🔓

May 23, 2017 0

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004, according to the U.S. Department of Energy and its Energy Information Administration.

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U.S. crude oil inventory drops by 900,000 Bbl: EIA 🔓

May 5, 2017 0

U.S. commercial crude oil inventories (excluding the Strategic Petroleum Reserve) fell by 900,000 barrels (Bbl) during the week ended April 28, to 527.8 million barrels (MMBbl), the Energy Information Administration said in its most recent weekly Petroleum Status Report.

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