The second quarter is expected to be tighter than originally thought, “and if there are reductions in Venezuelan or Iranian crude oil barrels on the market this would certainly be a bullish ...

Library of Congress. How much oil does the world consume? The United States consumes an average of 20.6 million barrels of oil a day. Forty percent of that — 9.1 million barrels — is used to ...

At 442.3 million barrels, U.S. crude oil inventories are about five percent below the five year average for this time of year', the U.S. Energy Information Administration said. Image by yamonstro ...

At 435.2 million barrels, U.S. crude oil inventories are about five percent below the five year average for this time of year', the EIA said. U.S. commercial crude oil inventories, excluding those ...