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Iraq's May Oil Exports to U.S. Surge Past 5 Million Barrels

OilPrice

Iraq’s crude oil exports to the United States surged past 5 million barrels in May, marking Baghdad’s highest monthly volume to U.S. appetite for heavier Middle Eastern grades, with Iraqi crude averaging between 160,000 and 190,000 barrels per day last month. refiners so far this year, according to Iraqi News.

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U.S. Crude Inventories Post Massive Draw of 11.5M Barrels

OilPrice

million barrels during the week ending June 13, according to new data from the U.S. million barrels, roughly 10% below the five-year average for this time of year. The American Petroleum Institute (API) on Tuesday had estimated a 10.133-million-barrel drop for the week ending June 13 after analysts had estimated…

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Standard Chartered: Oil Markets Can Easily Absorb Extra OPEC+ Barrels

OilPrice

Oil markets kicked off the new year in a downbeat mood, with Wall Street analysts almost unanimously predicting a huge oversupply in 2025 even if OPEC+ did not add a single barrel back into the market. Well, it’s six months on, and oil markets have continued to defy these bearish expectations.

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UAE Says the Oil Market Is Thirsty for More OPEC+ Barrels

OilPrice

Global markets have been soaking up the additional barrels OPEC+ has been producing since the spring without inventory builds, suggesting that the market needed the higher supply, according to Suhail al-Mazrouei, the energy minister of one of OPEC’s top producers, the United Arab Emirates (UAE). This past weekend, the…

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OPEC Nudges Output Higher - But Markets Are Awaiting the Real Barrels

OilPrice

OPEC oil production ticked up by 270,000 barrels per day (bpd) in June, led by Saudi Arabia and the UAE, according to the latest Reuters survey. The group’s total output hit 27.02 million bpd last month as members began unwinding voluntary cuts. But the real story isn’t what’s on paper—it’s what’s actually flowing.

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U.S. crude oil inventories decrease by 3.2 million barrels

Oil & Gas 360º

million barrels from the previous week. At 419 million barrels, U.S. million barrels per day during the week ending July 18, 2025, which was 87 thousand barrels per day less than the previous week’s average. million barrels per day. million barrels per day. million barrels per day. Imports U.S.

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The 9 Most Important Oil & Gas Pipelines in the World

OilPrice

Pipelines are the unsung backbone of the global energy system–quietly moving billions of barrels of oil and trillions of cubic feet of gas with unmatched efficiency, reliability, and scale. they handle nearly 70% of all petroleum shipments, or over 14 billion barrels annually, without the headlines or volatility of seaborne trade.

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