Oil Prices Steady After API Reports Smaller Than Expected BuildOilPrice.comDistillate inventories saw a large draw this week of 4.258 million barrels. Analysts had forecast a smaller decline of 1.519 million barrels. Inventories at the Cushing, Oklahoma, s …

BloombergThank Volcanoes From T-Rex Era for America's Oil DominanceBloombergAsh from hundreds of volcano flare-ups during the time when the Tyrannosaurus rex roamed North America was key to forming the oil-rich layers of shale rock, from the Permian Ba …

Oil turns higher after unexpected inventory dropMarketWatchWest Texas Intermediate crude oil for April delivery CLJ8, +1.72% on the New York Mercantile Exchange erased a loss and last traded with a gain of $1.03, or 1.7%, at $62.71 a barrel. The global ben …

Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Petro: Stable Coin for Crypto Economy or Illegal Oil Futures?Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)On Feb. 20 the pre-sale of Petro was launched and has already raised $735 mln …

The EconomistOPEC mulls a long-term alliance with Russia to keep oil prices stableThe EconomistOIL bears beware. On February 20thSuhail al-Mazrouei, OPEC's rotating president and energy minister of the United Arab Emirates, said the 14-member producers …

BloombergHungry Venezuelan Workers Are Collapsing. So Is the Oil IndustryBloombergThe Puerto La Cruz region and its ports, where refineries and upgraders are laid out against verdant bluffs and postcard beaches, produce about 89 percent of Venezuelan oil e …

New York TimesUS Stock Indexes Mostly Lower in Afternoon Trade; Oil SlidesNew York TimesA slide in health care and industrial companies helped nudge U.S. stock indexes mostly lower in afternoon trading Thursday as the market pulled back slightly from its l …

BloombergVenezuela Has Some Bad News and Some Really Bad NewsBloombergIn late November, Major General Manuel Quevedo was suddenly appointed both oil minister and head of state-oil company Petróleos de Venezuela SA. This tightening of government control ove …