The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.031 million barrels in the week ending October 23. In the week prior, US crude oil inventories fell by a staggering 4.93 million barrels.
The Trump Administration is set to announce easing of the federal methane regulations for oil and gas production in a bid to boost U.S. domestic energy production and lower costs for producers and consumers. President Donald Trump is set to unveil the proposal at a campaign rally in Lubbock, Texas, America’s biggest-oil producing state.
Curious Minds Corner
What is the “oil window”?
The range of temperature and burial conditions in which kerogen primarily generates liquid hydrocarbons.