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Energy Sector News – Thursday, July 31, 2025: Brent Exceeds $72; US Fed Keeps Rate Unchanged
... weaker than expected: according to the Department of Energy, gasoline consumption in early July was 1–2% lower than a year ago. Abnormal heat in the southern states has partially reduced long-distance travel; furthermore, the rising popularity of remote work and cost-saving measures are lowering drivers’ mileage. Secondly, gasoline supply has increased: American refineries are operating at high capacity, and fuel imports from Europe and Canada have surged onto the East Coast. In June, the U.S. imported ...
Energy Sector News - Friday, August 1, 2025: Brent Holds Above $72; European Gas Storages Record High Filled
... has been somewhat weaker than expected: according to the U.S. Department of Energy, gasoline consumption in early July was 1-2% lower than a year ago. The abnormal heat in the South has partially reduced longer road trips; furthermore, the spread of remote work and cost-saving measures is lowering drivers' mileage. Secondly, gasoline supply has risen: American refineries are running at high capacity, and imports of fuel from Europe and Canada have sharply increased on the East Coast. In June, the U.S. imported ...
Fuel and Energy Complex News - Saturday, August 2, 2025: Brent around $73; gasoline exports from Russia restricted to stabilize prices
... weaker than expected: according to the U.S. Department of Energy, gasoline consumption in early July was 1–2% lower than the previous year. Abnormal heat in the southern U.S. partially reduced long-distance driving; furthermore, the prevalence of remote work and thrift mode lowered driver mileage. Secondly, gasoline supply has increased: American refineries are operating at very high capacity, and fuel imports from Europe and Canada have sharply increased on the East Coast. In June, the U.S. imported ...
FEC News – Sunday, August 3, 2025: Brent around $73; Asia Becomes Main Market for Russian Oil Exports
... weaker than expected: according to the U.S. Department of Energy, gasoline consumption in early July was 1–2% lower than a year ago. Abnormal heat in the southern states partially curtailed long-distance driving; in addition, the widespread practice of remote working and cost-saving measures have reduced drivers’ mileage. Secondly, gasoline supply has risen: American refineries are operating at very high capacity, and fuel imports from Europe and Canada have sharply increased on the East Coast. In June, ...