According to the EIA, U.S. crude oil imports averaged about 7.3 million barrels per day last week with Canadian barrels making up 3.2 million barrels of the total.1 U.S. commercial reserves increased by 1.9 million barrels week over week where …

Oil is down the most in 22 months today. Brent Crude fell more on the day than West Texas Intermediate (WTI) and it primarily comes back to the unexpected supply increases out of Libya (being at the highest level in …

The recent announcement by the Department of Commerce Bureau of Industry and Security (BIS) regarding the approval of two applications to export limited quantities of field condensate, after undergoing minimal treatment by way of a stabilizer, is significant and should …

The EIA announced this week that the US commercial crude oil inventories increased by 1.7 million barrels from the previous week to settle at 399.4 million barrels.1 Not only are inventories above the average range for this time of year, …

In an effort to explain the annexation of Crimea, there has been a great deal of coverage surrounding the region’s ethnic ties with Russia and the political motivations of the move. After all, it was only 60 years ago that …

It’s not as easy as sticking a straw in the ground… Are cracks starting to appear in the illusion that is the shale oil “revolution”? It seems that one such crack may have appeared yesterday as Forest Oil Corporation (FST) …

The Iran Accord, a six month agreement between Iran and six nations (The United States, The United Kingdom, Germany, France, Russia and China) to curb Iran’s nuclear program in exchange for sanctions relief led to an immediate knee–jerk slide in …