According to recent data from the U.S. Energy Information Administration (EIA), crude oil production in the United States set an all-time record in August of this year, rising to a historic ...

U.S. crude oil inventories rose by 1.357 million barrels in the week ending Aug. 9, ending a six-week streak of declines.

Alexander Brandt, a shipping lawyer from Reed Smith Transportation Industry Group, told Newsweek: "The decision by 12 ...