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U.S. demand for residual fuel oil skyrocketed

U.S. demand for residual fuel oil skyrocketed

Residual fuel oil has a couple of uses, predominantly consumed as bunker fuel in the maritime shipping sector. Consumption in December 2021 was at its most elevated end-of-year level since

Strong oil demand in the U.S.

Strong oil demand in the U.S.

  The EIA conveyed that U.S. crude oil inventories dropped by 4.76MMbbls over the last week, departing total commercial U.S. crude oil inventories at a little over 410MMbbls, the lowest

OPEC+ Convenes Quickly

OPEC+ Convenes Quickly

There were no lengthy conversations at Wednesday’s meeting about member nations of the producer group failing to strike their production targets or almost one of the busiest months on the

Gold Rises but Set for A Weekly Decline

Gold Rises but Set for A Weekly Decline

Gold futures were higher 0.26% to $1,797.70 by 10:53 PM ET (3:53 AM GMT). Nevertheless, gold fell under the $1,800 mark and dropped nearly 2% for the week to date,

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