Crude oil prices looked set for yet another weekly loss, pressured by the perception of softer-than-expected demand in China. The decline comes in spite of the International Energy Agency’s recent upward revision of oil demand growth for this year.
In a statement posted on its website recently, the Texas Railroad Commission (RRC) said it now has 83.4 million oil and gas records that can be searched and viewed online from anywhere in the world. The RRC revealed in the statement that more than 15 million records were digitized in the past year alone.
Curious Minds Corner
What is the difference between “sweet” and “sour” crude oil?
Sweet crude oil has low sulfur content, while sour crude oil has high sulfur content.