Remove American Petroleum Institute Remove Crude Oil Remove Gas
article thumbnail

U.S. Dept. of Interior urged to fully leverage offshore energy resources

Oil & Gas 360º

(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. crude oil production, or nearly 2 million bopd.

Offshore 130
article thumbnail

Oil rises to 7-week high on US-China trade deal

Oil & Gas 360º

oil inventories report from the Energy Information Administration. crude oil stocks fell by 370,000 barrels last week, according to market sources who cited American Petroleum Institute figures on Tuesday. Later on Wednesday, markets will focus on the weekly U.S. EIA/S] U.S.

Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Falling oil prices poised for biggest monthly decline since 2021

Oil & Gas 360º

crcrude oil inventories rose by 3.8 million barrels last week, market sources said on Tuesday citing American Petroleum Institute data. crude oil stocks numbers for last week to show an increase of 400,000 barrels. Also sending bearish signals on the supply side, {{8849|U.S. API/S] U.S. ET (1430 GMT).

Oil 130
article thumbnail

Oil rises 1% but trades at multi-year lows as China braces for US trade war

Oil & Gas 360º

. “The talks … could indeed mark the beginning of the end-game phase in the nuclear drama, in which success could lead to more barrels (of oil) on the market, and failure could trigger a military confrontation,” said RBC Capital Markets analyst Helima Croft. A preliminary Reuters poll showed on Monday that U.S.

Oil 130
article thumbnail

Oil prices retreat on weak U.S. data, despite Trump tariff block

Oil & Gas 360º

Trumps tariff plans were the biggest point of uncertainty for oil markets this year, as traders fretted over their economic impact and their effect on oil demand. US oil inventories see major drawdown – API Data from the American Petroleum Institute showed on Wednesday that U.S.

Oil 130
article thumbnail

Valor | Energy Connection – Jan. 20, 2025

Valor

January 20, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Global review of 2024 oil and gas discoveries Summary : In 2024, global oil and gas discoveries were reviewed, detailing key findings by region, resource type, operators, and terrain, compared to 2023.

article thumbnail

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

Oil & Gas 360º

UK oil major BP (NYSE: BP ), meanwhile, reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker refining and gas trading. oil majorsExxon Mobil(NYSE: XOM ) andChevron(NYSE: CVX ) later this week. OIL INVENTORIES U.S. million barrels of oil to U.S. EIA on Wednesday.

Oil 130