Tag: EIA
Oil falls around 3% as investors eye U.S. Fed rate hikes
Oil prices tumbled around 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession,...
EIA: US Refining Capacity Sinks To Near Decade Low
Operable refining capacity in the United States hit a nearly decade low in 2022, the EIA’s latest Refining Capacity Report showed on Tuesday. U.S. refining...
API Reports Biggest Crude Oil Inventory Rise Since February
The American Petroleum Institute (API) reported a build this week for crude oil of 5.607 million barrels, while analysts predicted a draw of 1.433...
Differences between EIA and IEA?
The iea is usually referred to as the International Energy Agency.The international energy agency, also known as "the international energy agency, was established in...
Types, uses and impacts of crude oil
Crude oil is a liquid fuel source located underground.It is extracted by drilling Wells.Crude oil is used in transportation, petroleum products and plastics. composition: Fifty to...
Us stocks and us bonds rebounded strongly after the Fed raised interest rates by a large margin
In June, the Federal Reserve's FOMC raised interest rates by 75 basis points, the largest increase in nearly three decades since 1994, to levels...