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Weekly CrudeOil Storage as of June 20, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.8 million barrels from the previous week. million barrels, U.S. Refineries operated at 94.7% of their operable capacity last week.
Weekly CrudeOil Storage as of July 4, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 7.1 million barrels from the previous week. At 426 million barrels, U.S. Refineries operated at 94.7% of their operable capacity last week.
Weekly CrudeOil Storage as of June 6, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 17.2 million barrels per day.
Arabian Gulf Oil Company (AGOCO), wholly owned by the National Oil Corporation of Libya, has completed repairs on a crudeoil pipeline where a leak was detected at the end of May. AGOCO completed the repairs on the Hamada-Zawiya crudeoil pipeline, the company said on Thursday, as carried by Reuters.
Oil production from Canada’s oil heartland, Alberta, slumped to a two-year low in May as wildfires in the province and maintenance on some oil sands operations dragged oil output to a two-year low. million barrels per day (bpd) of crudeoil in May, according to provincial data cited by Bloomberg.
million barrels on June 27, the EIA's latest weekly petroleum status report showed. commercial crudeoil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 million barrels from the week ending June 20 to the week ending June 27, the U.S. million barrels on June 27, 415.1
An oil tanker has suffered an explosion off Libya’s coast, without causing any injuries or pollution, the vessel operator said on Monday, adding that the cause of the explosion is not clear yet. The tanker had left the Libyan port of Zuetina and was en route to Gibraltar when an explosion occurred in the engine room.
million barrels on June 20, the EIA's latest weekly petroleum status report showed. commercial crudeoil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 5.8 million barrels from the week ending June 13 to the week ending June 20, the U.S. million barrels on June 20, 420.9
Weekly CrudeOil Storage as of March 14, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.7 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.7 Refineries operated at 86.9%
Weekly CrudeOil Storage as of May 30, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 million barrels from the previous week. million barrels, U.S. Refineries operated at 93.4% of their operable capacity last week. Imports U.S.
Weekly CrudeOil Storage as of May 16, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 16.5 Refineries operated at 90.7%
Weekly CrudeOil Storage as of May 9, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 16.4 Refineries operated at 90.2%
Weekly CrudeOil Storage as of May 2, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 16.1 million barrels per day.
Weekly CrudeOil Storage as of April 25, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 16.1 Refineries operated at 88.6%
Weekly CrudeOil Storage as of April 18, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.9 Refineries operated at 88.1%
Weekly CrudeOil Storage as of April 11, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.5 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.6 Refineries operated at 86.3%
Weekly CrudeOil Storage as of April 4, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 2.6 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.6 Refineries operated at 86.7%
Weekly CrudeOil Storage as of March 28, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 6.2 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.6 Refineries operated at 86.0%
Weekly CrudeOil Storage as of March 21, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.3 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.8 Refineries operated at 87.0%
Weekly CrudeOil Storage as of March 7, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.7 Refineries operated at 86.5%
Weekly CrudeOil Storage as of February 28, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 million barrels from the previous week. million barrels, U.S. crudeoil refinery inputs averaged 15.4 Refineries operated at 85.9%
(Oil Price) – Kazakhstan’s crudeoil output jumped 7.5% million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. In the first half of 2025, Kazakhstan’s crudeoil production (excluding condensates) averaged 1.79 in June to 1.88
Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crudeoil and natural gas production figures. The RRC noted in the statement that crudeoil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.
(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 licenses allowing foreign partners to operate in the sanctioned OPEC member. In late May, however, Washington revoked those licenses to take Venezuelan crude bound for U.S. and European refineries.
Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crudeoil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8
In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. The terminal itself boasts a storage capacity of 750,000 barrels.
Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million daily barrels within a year, according to Seliman. Waha Oil Co., The development of its north Jalo field alone would add 100,000 barrels.
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.
per barrel and the WTI spot price will average $65.22 per barrel in 2025. per barrel in the third quarter of this year and $64.02 per barrel in the fourth quarter, according to the STEO, which showed that the organization is forecasting that the WTI spot price will average $64.69 per barrel in the fourth quarter of 2025.
(private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Liquids” includes crudeoil and NGLs. In 2024 they averaged 3 operated rigs in the Anadarko, but for 2025 the plan is to run ~2 rigs on average.
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crudeoil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
TIPRO reported a total of 49,798 unique job postings nationwide last month within the oil and natural gas sector, including 17,962 new postings. The leading three cities by total unique oil and natural gas job postings were Houston (2,064), Midland (546) and Odessa (398), said TIPRO.
(Oil Price) –Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstans oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday. Under the OPEC+ agreement, Kazakhstans crudeoil production quota is below 1.5
The Hacksaw CrudeOil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Key Features and Capabilities Storage Capacity : The terminal’s capacity was expanded from 20,000 barrels per day (bpd) to 40,000 bpd.
In addition, as of December 31, 2023, LACh had 280 million barrels of oil equivalent (MMboe) of P1 reserves according to the Argentine Secretary of Energy (at 100% working interest). The remaining 50% of LACh is held by operator YPF S.A.
Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. is operator of the Ballymore project with 60 percent working interest. Malo facilities.
The new bid round has generated a lot of interest from foreign majors, Masoud Suleman, chairman of Libyas National Oil Corporation (NOC), told Reuters today. Libyas crudeoil production currently exceeds 1.4 million barrels per day (bpd), NOC says. Foreign majors have also made steps to return to operations in Libya.
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.
(Oil Price) –Crudeoil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion this year, from $4.33 Of this total, the bulk, or $3.94
Enbridge operates the Mainline system, moving more than 3 million barrels a day of crudeoil and liquids from Western Canada to the demand markets in the United States. In total, Enbridge moves 40% of all North American crude. The company booked adjusted earnings of US$1.58 billion (C$2.2
The FPSO will remain at its current location, supporting operations at the Cascade field (Walker Ridge 206 and 250) and Chinook field (Walker Ridge 469 and 425) in the Gulf of America. BW Offshore will continue to provide operations and maintenance services under a new five-year reimbursable contract.
Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crudeoil refinery by the end of next year to widen the company’s investor base. The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.
Under the PSC, Petrovietnam subsidiary Oil and Gas Exploration and Production Corporation (PVEP) holds 59 percent in the asset, Perenco holds 19.8 percent, Korea National Oil Corporation (KNOC) holds 11.4 The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields.
produced about 5 million barrels of crudeoil per day, down by half from the 1970s. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed. That $62 per barrel break-even price in Midland is up from $46 in 2017.
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