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Scientists develop electrospun nonwoven fabrics for cleaning up spilled petroleum, organic dyes safely, efficiently; PS, PVP nanofibers with high specific surface areas are made via phase separation, patterning can be used for other diverse applications

US national gas price average down 5 cents to US$4.96 in week ended Jun. 21, up 37 cents month-over-month; decrease led by a decline in the price of oil from US$122 to around US$110 per barrel as fears of a global recession, economic slowdown grow: AAA

Global oil demand to increase more than 2% to record high 101.6 million barrels per day in 2023; downside risks to outlooks due to negative impact of tightening central bank policy, soaring US dollar and rising interest rates on purchasing power: EIA

Commentary: Concerns are growing that US corporate earnings estimates are too high, unlikely to hold up as Q2 numbers come out; challenges facing companies include strong dollar, inflation, high oil prices, rising interest rates, Covid lockdowns in China

US commercial crude oil inventories in week ended Jun. 10 increased by 2.0 million barrels from the previous week to 418.7 million barrels; inventories are about 14% below the five year average for this time of year: EIA

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