while US refineries can handle about 18 million bpd, according to the EIA. “The tariffs will undoubtedly have a significant impact on the country’s oil production. However, the impact on ...

The coalition and allies have limited oil output over the past years in an unsuccessful bid to lift crude prices worldwide. But now, a likely mix of US ... of the production cuts this year and ...

Since October 2022 when the OPEC+ alliance announced a 2.0 mb/d voluntary production ... the new US administration going aggressive on tariffs, oil prices have sharply declined to 3-year lows.

distillate inventories were -5.9% below the 5-year seasonal average. US crude oil production in the week ending March 14 was unchanged w/w at 13.573 million bpd, modestly below the record high ...

At just below $70 a barrel, US crude oil is trading at levels last seen in 2018. With US oil production near record levels and OPEC scaling back its production cuts, there's no sign that oil ...