The value of US-Mexico energy trade dropped by nearly 15% in 2023 despite increased trade volumes, primarily due to lower fuel prices, according to the EIA.
EIA report
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Oil prices rose on Thursday due to a significant drop in U.S. crude and gasoline inventories, indicating robust demand and a tighter supply environment.
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The US oil industry is facing a slowdown in production growth in 2024, according to a report by the US Energy Information Administration (EIA). The EIA predicts that US crude…