Tue.Jun 24, 2025

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US Crude Oil Inventories See Another Sharp Draw  

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again, this time by 4.277 million barrels in the week ending June 20 after analysts had estimated a much more conservative 600,000-barrel draw. million barrels, according to Oilprice calculations of API data.

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API 580: Complete Guide to Risk Based Inspection

PetroSync

API 580, the global standard for Risk-Based Inspection (RBI), plays a vital role in enhancing safety, reliability, and efficiency in the oil and gas industry. In this article, we’ll dive into the fundamentals of API 580, its [.] In this article, we’ll dive into the fundamentals of API 580, its [.]

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API 581: Essential Guide to Risk Based Inspection

PetroSync

API 581 is a globally recognized standard for Risk-Based Inspection (RBI) that offers significant advantages for the oil and gas industry. By implementing API 581, companies can enhance asset integrity, reduce operational risks, and optimize inspection resources.

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API 653: Ensure Storage Tank Reliability & Safety

PetroSync

API 653 serves as the globally accepted standard for ensuring the safety, reliability, and integrity of aboveground storage tanks (ASTs) in the petrochemical industry. The post API 653: Ensure Storage Tank Reliability & Safety appeared first on PetroSync Blog. This standard outlines comprehensive procedures for [.]

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API 571: Complete Overview of Damage Mechanisms

PetroSync

API 571 plays a vital role in ensuring material integrity across industrial and engineering sectors. What Is API [.] The post API 571: Complete Overview of Damage Mechanisms appeared first on PetroSync Blog.

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North America Rig Count Stays Flat

Rigzone

Rigzone has contacted the American Petroleum Institute (API) for comment on J.P. At the time of writing, the API has not responded to Rigzone. Morgan’s research note. In its previous rig count, which was released on June 13, Baker Hughes revealed that North America added 20 rigs week on week.

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