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Tag Archives: (EIA) data

New Challenges for U.S., Mexican Gasoline Trade

The Mexican government is in the process of opening its gasoline and diesel markets to outside competition and replacing government-set prices with market-based prices. Last year, Mexico began allowing entities other than the state-owned company Petróleos Mexicanos (Pemex) to import gasoline and diesel and open retail stations. These changes followed previous energy sector reforms that ended Pemex’s upstream monopoly and ...

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U.S. crude stocks rise unexpectedly, product inventories down: EIA

U.S. crude stocks rose unexpectedly last week, but gasoline and distillate inventories were lower, the U.S. Energy Information Administration said. Crude inventories rose by 2.3 million barrels in the week to Dec. 16, compared with expectations for a decrease of 2.5 million barrels. The build came even as crude stocks at the Cushing, Oklahoma, delivery hub fell by 245,000 barrels, ...

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Oil slips on rising exports from Iraq

Oil fell as rising exports from Iraq underlined the global oversupply situation, outweighing the effects of a surprise fall in US inventories the previous day. Brent futures were at $39.51 at 1258 GMT, down 33 cents from Wednesday’s close. US crude futures were at $37.53 per barrel, down 22 cents on the day. Oil exports from Iraq’s southern ports have ...

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