The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by a massive 11.12 million barrels in the week ending October 9. In the week prior, US crude oil inventories fell by 2.09 million barrels.
Oman was India’s single biggest LNG supplier in September, toppling the United States that held the top spot for months after the Iran war began, as European buyers are snapping up American cargoes and intensifying the competition of spot U.S. supply with Asia.
Curious Minds Corner
What does seismic reflection data primarily help geoscientists identify?
Subsurface geological structures and stratigraphic boundaries that may contain hydrocarbon accumulations.