Gasoline consumption in China has declined in recent months due to rising electric vehicle sales, sluggish economic growth, and a declining population.
US crude oil inventories for the week ended Nov. 15, excluding the Strategic Petroleum Reserve, increased by 500,000 bbl from the previous week, according to EIA data.
Offshore conventional projects are projected to contribute nearly 700,000 b/d to the anticipated 1.5 million b/d rise in non-OPEC+ production in 2025, according to IEA forecasts...
