The first tanker shipping diesel out of Russia to the U.S. departed from the Russian Baltic Sea port of Primorsk early on Friday local time and is en route to New York where it is expected to arrive on November 7, shipping data show.
The privately held company that’s partnering with the U.S. Administration to boost oil production in Venezuela has raised output by about 20,000 barrels per day (bpd) since August and plans to soon add more rigs to further hike production.
Curious Minds Corner
What is a petroleum source rock?
An organic-rich rock capable of generating hydrocarbons when exposed to sufficient heat and pressure.