NEW YORK (CBS.MW) -- A drop in last week's distillate supplies outpaced market expectations by a margin of 3 to 1, sending petroleum futures prices higher in after-hours trading Tuesday. The American ...

In the energy sector, a crack spread is the terminology that describes the differential between the price of crude oil and petroleum products. Gasoline is the most ubiquitous oil product. Gasoline ...

US distillate inventories are expected to be lower in 2025 and 2026 due to a combination of reduced domestic production and increased exports. Refinery closures, including one in Houston and two in ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United rose by 2.86 million barrels for the week ending January 17. Analysts had expected a 3.7-million-barrel build.

Crude oil inventories in the United States posted a sharp draw last week, even as gasoline and distillate stockpiles recorded sizable builds, according to new data released Wednesday by the U.S.

US petroleum demand in July, as measured by total domestic petroleum deliveries, fell 48,000 b/d month-on-month to 20.5 million b/d but was at its highest for the month since 2019, according to the ...

LONDON, June 21 (Reuters) - U.S. manufacturing production has barely increased since before the pandemic, which explains why diesel consumption remains anaemic and has not rebounded in line with ...

Crude oil stocks, not including the SPR, stood at 422.4 million barrels on January 9, according to the EIA's latest weekly petroleum status report. U.S. commercial crude oil inventories, excluding ...