OilPrice

MARCH 20, 2025

per barrel at 12.30 million barrels last week to 437 million barrels, significantly higher than the Wall Street consensus of a 512,000-barrel build. million barrels to 114.8 million barrels to 114.8 Brent crude for May delivery gained 1.6% to trade at $71.98 to change hands at for U.S.

Oil 353

Oil Barrel Government 353

OilPrice

APRIL 8, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in the prior week. So far this year, crude oil inventories have climbed nearly 22 million barrels, according to Oilprice calculations of API data.

Crude Oil 348

Crude Oil American Petroleum Institute API Oil 348

OilPrice

MARCH 25, 2025

million barrels for the week ending March 21. million barrels. So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data. million barrels again to 396.1 million barrels in the week ending March 21. million barrels again to 396.1

American Petroleum Institute 345

American Petroleum Institute Crude Oil API Oil 345

OilPrice

APRIL 1, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28, after a 4.6 million barrel drop in the prior week. So far this year, crude oil inventories have climbed nearly 23 million barrels, according to Oilprice calculations of API data.

Crude Oil 335

Crude Oil American Petroleum Institute API Oil 335

Oil & Gas 360º

MAY 28, 2025

Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. The high-volume, low-cost development offshore the South American country, which started production just five years ago, is already pumping more than 660,000 barrels per day (bpd) of crude. supermajor.

Barrel 130

Barrel Oil Offshore Casing 130

OilPrice

MAY 25, 2025

The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas. Thats multiples higher than the 90 mn barrels of oil and 7.3 tcf of natural gas that the Mowry Composite system has produced since exploration began in the 1950s. This new USGS

Gas 345

Gas Oil Natural Gas Barrel 345

OilPrice

APRIL 7, 2025

Russias flagship Urals crude grade has tumbled alongside all major oil benchmarks in the global market rout and is close to the $50 per barrel threshold for the first time in nearly two years. The Urals price was at around $52 per barrel at the Baltic Sea port of Primorsk on Friday, according to data from Argus Media cited by Bloomberg.

Oil 363

Oil Barrel 363

OilPrice

APRIL 8, 2025

per barrel, with West Texas Intermediate at $57.04 per barrel, both down by close to 4% from Tuesdays close. Since the start of the year, the benchmarks have shed lover $10 per barrel Crude oil prices slumped to their lowest level since 2021 after the U.S. At the time of writing, Brent crude was trading at $60.36

Crude Oil 355

Crude Oil Barrel Oil IT 355

OilPrice

MAY 6, 2025

million barrels in the week ending May 2, after analysts had estimated a 2.5-million-barrel million-barrel draw. million barrel inventory hike in the prior week. So far this year, crude oil inventories are up more than 18 million barrels, according to Oilprice calculations of API data. The API reported a 3.76

American Petroleum Institute 274

American Petroleum Institute API Crude Oil Oil 274

OilPrice

APRIL 11, 2025

The April market rout, which crashed oil prices into the low $60s per barrel, is creating additional fiscal challenges to petrostates and oil-producing countries heavily dependent on oil revenues, on top of any tariff-related hardships. Oil at $60 is about $20 to $30 per barrel

Oil 338

Oil Barrel IT 338

OilPrice

APRIL 14, 2025

The bank sees WTI at an average of $59 per barrel this year, falling to $55 in 2026, Reuters reported. and 4.3%, respectively, to $69 for a barrel of Brent crude and $66 for a barrel of West Texas Intermediate. The update follows one from April 4, when Goldman slashed its 2025 outlook for Brent and WTI by 5.5%

Oil 349

Oil Barrel IT 349

OilPrice

MAY 5, 2025

per barrel in the third and fourth quarters of this year, down by $5 per barrel from the previous forecast. million barrels per day (bpd) Morgan Stanley cut its oil price forecasts for the remainder of the year, anticipating a bigger glut. The bank revised down its projection of Brent Crude prices to $62.50

Oil 290

Oil Barrel IT 290

OilPrice

MARCH 18, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.593 million barrels for the week ending March 14. million-barrel build. So far this year, crude oil inventories have climbed more than 21 million barrels, according to Oilprice calculations of API data.

Crude Oil 292

Crude Oil American Petroleum Institute API Oil 292

OilPrice

MARCH 23, 2025

This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right.

Oil 364

Oil Field Barrel 364

OilPrice

MARCH 31, 2025

a barrel this year, according to the poll of 49 analysts and economists in March. per barrel expected by the experts in the February Reuters survey. per barrel in 2025, down from The OPEC+ groups production increase and expectations of weaker demand growth due to the U.S. Brent Crude prices are set to average $72.94

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Oil Barrel 322

OilPrice

MAY 20, 2025

shale production will likely plateau if WTI oil prices remain in the low $60s per barrel, and decline at prices in the $50s, ConocoPhillips chairman and CEO Ryan Lance said at the Qatar Economic Forum on Tuesday. The breakeven probably hasn't moved a lot, Lance said in Doha, commenting on the breakeven for U.S. Commenting on oil prices

Oil 315

Oil Barrel Energy Energy 315

OilPrice

MAY 21, 2025

billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said. Turkey's current annual (crude) oil import amounts to 365 million barrels. billion barrel reserve is a great figure, Reuters quoted Bayraktar as saying in southeast Turkey. Continental Resources, the U.S.

Oil 271

Oil Crude Oil Barrel Basin 271

OilPrice

MAY 20, 2025

The European Union will propose to G7 finance ministers to lower the price cap on Russian crude from the current $60 per barrel to $50, European Economic Commissioner Valdis Dombrovskis said.

Oil 313

Oil Insurance Barrel Finance 313

OilPrice

APRIL 7, 2025

At the time of writing, Brent crude was trading at just below $64 per barrel, while West Texas Intermediate was changing hands for $60.54 per barrel, both down by over 2% from Fridays close. The price slump in crude oil that began last week has extended into this one as market players fears about a global recession deepen.

Crude Oil 356

Crude Oil Oil Barrel 356

OilPrice

MARCH 31, 2025

crude oil production was down 305,000 barrels per day, hitting 13.15 Energy Information Administration (EIA) on Monday, also revising its December estimate downward by around 40,000 barrels, to 13.45 January U.S. million bpd, a level it hasnt dipped down to in over a year, according to data released by the U.S. million bpd.

Oil 353

Oil Crude Oil Barrel IT 353

OilPrice

MAY 15, 2025

Significantly lower oil prices in April sent Russias oil export revenues down to the lowest level in nearly two years as the price of Russian grades fell alongside the benchmark international prices, which lost about $10 per barrel last month. per barrel in April with all major export grades Russian crude prices averaged $55.64

Oil 310

Oil Barrel Energy Energy 310

OilPrice

APRIL 22, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.565 million barrels in the week ending April 18. million barrel build in the prior week. So far this year, crude oil inventories are still up more than 19 million barrels, according to Oilprice calculations of API data.

American Petroleum Institute 280

American Petroleum Institute API Crude Oil Oil 280

OilPrice

APRIL 11, 2025

Volume allocations to Chinese refiners reveal that Saudi exports in May will rise to 48 million barrels from the 35.5 million barrels scheduled for delivery this month. Saudi Arabia cut the official selling prices for its oil sharply ahead of a production boost set for next month.

Oil 350

Oil Crude Oil Barrel IT 350

OilPrice

MAY 14, 2025

Crude oil inventories in the United States saw an increase of 4 million barrels during the week ending May 9, according to new data from the U.S. On Tuesday, the American Petroleum Institute (API) reported a surprise build in US crude oil inventories of 4.287 million barrels in U.S. Energy Information Administration.

American Petroleum Institute 306

American Petroleum Institute Crude Oil Oil API 306

OilPrice

MAY 28, 2025

Under the budget rule, Russia has a baseline price of $60 per barrel of oil, above which it funnels excess revenue to its National Wealth Fund, a rainy-day reserves fund. Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday.

IT 292

IT Oil Barrel Finance 292

OilPrice

APRIL 10, 2025

The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production target within the next five years has spurred activity among Chinese firms that continue to dominate the countrys oil and gas sector.

Oil 342

Oil Barrel Management Gas 342

OilPrice

APRIL 4, 2025

natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel. This WTI price is now below the average $65 per barrel price U.S. The benchmark price for U.S. producers

Natural Gas 358

Natural Gas Gas Barrel Oil 358

OilPrice

MAY 21, 2025

per barrel and West Texas Intermediate was changing hands for $61.50 per barrel, both down from Wednesdays close. At the time of writing, Brent crude was trading at $64.82 The dip followed the U.S. Energy Information Administrations latest weekly inventory report, released

Oil 296

Oil Crude Oil Barrel Energy 296

OilPrice

MARCH 14, 2025

Barclays sees Brent Crude prices at $74 per barrel this year, down by $9 from its previous forecast, as it slashed its global demand growth estimate in mounting economic uncertainties. We turn neutral on oil prices relative to the curve and consensus, as we revise down our 2025 demand outlook 510,000 barrels per day due to soft high?-?frequency

Oil 337

Oil Barrel IT 337

OilPrice

MAY 26, 2025

million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. Back in 2017, oil production in the Permian stood at 2.2 Predictions of a looming peak have lately multiplied, but according to Wood Mackenzie, the Permian is not done yetnot if prices improve.

Barrel 283

Barrel Oil 283

OilPrice

APRIL 1, 2025

As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the worlds top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price.

Oil 340

Oil Crude Oil Barrel IT 340

OilPrice

MARCH 26, 2025

per barrel at the time of writing, with West Texas Intermediate at $69.12 per barrel, after the American Petroleum Institute reported on Tuesday that oil inventories in the county had fallen by 4.6 million barrels in the week to March 21. Crude oil prices earlier today touched a three-week high, driven by the latest U.S.

American Petroleum Institute 293

American Petroleum Institute Oil Petroleum Crude Oil 293

OilPrice

MARCH 12, 2025

million barrels during the week ending March 7, according to new data from the U.S. Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S. Energy Information Administration released on Wednesday.

American Petroleum Institute 330

American Petroleum Institute Crude Oil API Barrel 330

OilPrice

APRIL 16, 2025

Crude oil inventories in the United States saw an increase of 500,000 barrels during the week ending April 11, according to new data from the U.S. million barrels in Energy Information Administration released on Wednesday. Crude oil prices were trading up in a rare show of strength prior to the crude data release by the U.S.

American Petroleum Institute 325

American Petroleum Institute Crude Oil API Barrel 325

OilPrice

APRIL 24, 2025

per barrel and West Texas Intermediate at $63.21 per barrel. Earlier this week, Reuters reported OPEC+ could add more barrels to production after its June meeting A renewed hope for peace in the Ukraine contributed to the bearish mood among traders. Benchmarks were both up at the time of writing, with Brent crude at $66.98

Oil 292

Oil Barrel Crude Oil IT 292

OilPrice

MARCH 13, 2025

per barrel, with West Texas Intermediate at $67.55 per barrel, both down from Wednesday. million barrels for the week to March 7, but that build was accompanied by a much more sizable decline in gasoline inventories, Energy Information Administrations latest inventory report that showed a more sizable draw than expected.

Crude Oil 283

Crude Oil Oil Barrel Energy 283

OilPrice

MARCH 28, 2025

a barrel against ICE Brent on a delivered basis to China, according to Reuterss sources. This discount, the first in 10 months, compares with a premium of about $2 per barrel Cargoes of ESPO for April loadings are now being traded at a discount of some $1.50

Barrel 320

Barrel 320