The U.S. is the world’s largest oil producer. So why does it still import crude from Canada?
The U.S. is the world’s largest oil producer, but it still needs to import more crude oil than it makes. The majority of ...
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What is Heavy Oil and How is it Formed?
As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large ...
Nasdaq14d
Crude Oil Posts a 1-Week High on Supply Uncertainty
Crude oil prices Thursday climbed to a 1-week high and settled moderately higher. Thursday's weaker dollar was supportive of energy prices. Crude also has carryover support from this week's ...
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Why Trump’s fix for gas prices won’t work
“It’s less viscous.” Meanwhile, the US uses a lot of “coffee-ground” oil. The nation imports around 6.5 million barrels of crude oil a day from others — most of it either heavy- or ...