Oil & Gas 360º

JULY 14, 2025

Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic Petroleum Reserve (SPR) to ease the crude shortage at Exxon’s refinery in Baton Rouge, Louisiana, after quality issues with the Mars crude grade emerged last week. Earlier this year, President Donald Trump said the U.S.

Crude Oil

Oil & Gas 360º

JULY 15, 2025

.” A solid economy shrugging off trade conflicts would make it easier for OPEC+, which groups OPEC plus Russia and other allies, to proceed with its plan to pump more barrels to regain market share after years of cuts aimed at supporting the market. Global refinery crude intake posted a sharp increase of 2.1 attacks on Iran.

E&P

Oil & Gas 360º

JUNE 27, 2025

will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. million barrels of deliveries to the SPR from January through May. (BOE Report) – The U.S.

Completion

Oil & Gas 360º

JUNE 9, 2025

Brent crude futures gained 11 cents, or 0.2%, to $66.58 a barrel by 1312 GMT while U.S. West Texas Intermediate crude rose by 6 cents, or 0.1%, to $64.64. The data also showed that China’s crude oil imports declined in May to the lowest daily rate in four months as state-owned and independent refiners began planned maintenance.

Oil

Oil & Gas 360º

JULY 15, 2025

At 07:45 ET (11:45 GMT), Brent oil futures expiring in September ticked down 0.1% per barrel, while West Texas Intermediate (WTI) crude futures fell 0.2% per barrel. However, if Trump does follow through, and the tariff is implemented effectively, it would drastically change the outlook for the oil market.

Oil

Oil & Gas 360º

JULY 10, 2025

The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. oil consumption, when full. crude prices and take years to accomplish. billion in an earlier iteration of the bill, with another $218 million earmarked for maintenance. That put U.S.

Oil

BOE Report

JUNE 26, 2025

will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. million barrels of deliveries to the SPR from January through [Read more]

Completion

OilPrice

MARCH 13, 2025

Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crude oil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources.

Crude Oil

OilPrice

JUNE 4, 2025

Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. million barrels of crude to China daily, which was 20% lower than export flows in May 2024. Per that data, Iran shipped a little over 1.1

Oil

BOE Report

MARCH 12, 2025

crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.4 million barrels to 435.2

Maintenance

OilPrice

APRIL 30, 2025

Petrobras booked a virtually flat crude oil production for the first quarter of the year, at 2.77 million barrels daily, down by 0.2% Production of crude specifically registered a decline of 1%, to 2.21 million barrels daily, Reuters reported, citing the companys first-quarter report. on the first quarter of 2024.

Oil

Oil & Gas 360º

APRIL 22, 2025

Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer- oil and gas 360 The drop in the price of crude oil, from its Winter high to a Spring-Time low exaggerated by Tariff Fear has us conclude the drop has bottomed. crude oil inventory.

Crude Oil

Oil & Gas 360º

MARCH 6, 2025

That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. Permian oilfield and strong export demand for WTI Midland crude widened price differentials. WTI Midland crude traded at a $1.08 crude futures in March, easing from a 11-month high of $1.22 crude futures.

Refinery

Oil & Gas 360º

APRIL 25, 2025

(BOE Report) – Phillips 66 reported a bigger-than-expected loss in the first quarter on Friday, as lower refining margins amid a widespread maintenance and turnaround activity across the U.S. per barrel during the January-March quarter, from $11.01 a barrel a year earlier. refining sector weighed on its performance.

Refinery

Egypt Oil & Gas

MARCH 6, 2025

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5%

BBL

Oil & Gas 360º

MARCH 13, 2025

BW Offshore will continue to provide operations and maintenance services under a new five-year reimbursable contract. The vessel has a storage capacity of approximately 600,000 barrels of oil and processing capacity of approximately 80,000 barrels of oil per day.

Oil

Oil & Gas 360º

MAY 8, 2025

(Oil Price) –Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Marathon Petroleum posted a Q1 loss, citing weaker-than-expected margins, seasonal maintenance, and unplanned downtime as key drags on performance.

Oil

Egypt Oil & Gas

MARCH 17, 2025

The project is expected to achieve a peak production of approximately 11,000 barrels of oil equivalent per day (boe/d) in 2026. The design concept of intelligent oil and gas fields were used in the two new projects.

Associated Gas

The Energy Law

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Furthermore, on September 5, FGT announced maintenance work beginning on September 6, which is expected to last until September 8. The unscheduled maintenance is on the larger of the two units located in Mississippi at Tennessee Carnes Interconnect, upstream of FGT Compressor Station.

Pipeline

Rextag

JANUARY 9, 2025

ADJUSTED PRODUCTION AND VOLUME FORECASTS Shell also reduced its integrated gas production outlook for the fourth quarter to 880,000 and 920,000 oil-equivalent daily barrels, citing scheduled maintenance at a Qatar-based facility. This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels.

Energy

Oil & Gas 360º

APRIL 1, 2025

Lime Rocks CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Rings existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays.

Basin

Oil & Gas 360º

MAY 13, 2025

crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabias plans to invest $600 billion in the United States. Brent crude futures rose 88 cents, or about 1.35%, to $65.84 a barrel by 1417 GMT. West Texas Intermediate (WTI) crude was up $1.13, or about 1.82%, at $63.08.

Crude Oil

Oil & Gas 360º

MAY 27, 2025

The worlds top oil exporter has in recent years invested heavily in expanding and modernizing its refining and petrochemical capacity at home and overseas to meet growing demand for fuel and plastics while also securing outlets for its crude oil. It correlates with a 12% month-on-month drop in Saudi crude exports to 5.75

IT

Oil & Gas 360º

MAY 9, 2025

(Oil & Gas 360) – Over the past few weeks, several headlines regarding the international oil business have surprised market watchers: A note on the news: Break-even oil prices- oil and gas 360 The news that the OPEC+ group decided to increase its production rate in May by 411,000 barrels a day (b/d).

Oil

Oil & Gas 360º

APRIL 9, 2025

West Texas Intermediate prices in the low $60-per-barrel range would likely cause U.S. WTIclosedbelow $60 a barrel Tuesday, down about 15% since Trump announced his tariff plan. Heavy Western Canadian Select traded at $10 a barrel less than WTI on Tuesday, according to a person familiar with the prices.

Oil

Valor

MAY 19, 2025

bcm, crude oil increased 1.5% Crude oil processing fell 1.4% due to seasonal maintenance. Gasoline inventories fell by 1 million barrels, 3% below the five-year average, and refinery utilization rose to 90.2%. million tons, and coal climbed 3.8% to 389 million tons. gas prices rose 6.1 cents to $3.14

Energy

Oil & Gas 360º

MAY 2, 2025

oil producer posted adjusted earnings of $3.8 Chevrons global oil production totaled 3.35 million barrels of oil equivalent per day (boepd), flat from the same period last year. Earnings from oil and gas production were $3.76 The second-largest U.S. billion during the three months ended March 31, or $2.18

Oil

Oil & Gas 360º

MAY 9, 2025

(Investing) –Oil prices rose Friday, heading for weekly gains on optimism over a potential deescalation in U.S. At 08:40 ET (12:40 GMT), Brent oil futures rose 1.9% a barrel, while West Texas Intermediate crude futures rose 2.1% Oil buoyed by U.S. President Donald Trumps tariff agenda.

Oil

Oil & Gas 360º

MAY 12, 2025

billion to purchase oil to help replenish the SPR, the worlds largest emergency stockpile of crude, and $218 million for maintenance of the facility. President Donald Trumps goal of filling the SPR, a move that would help domestic energy producers amid relatively low oil prices.

Petroleum