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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. crudeoilrefinery inputs averaged 17.2 million barrels per day.
Irving Oil said on Thursday it plans to invest $100 million to upgrade a key crudeoil processing unit at its 320,000 barrel-per-day Saint John facility in New Brunswick, Canada’s largest refinery.
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% crudeoil imports averaged 6.3 Imports U.S.
Crudeoil inventories in China rose to the highest in almost three years in March, suggesting demand growth was lagging behind refinery processing rates, which hit a one-year high last month as Chinese oil processors took advantage of cheap Iranian and Russian crude. Reuters Clyde Russell reported that 1.74
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. crudeoilrefinery inputs averaged 15.7 Refineries operated at 86.9%
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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery 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. crudeoilrefinery inputs averaged 15.4 million barrels per day.
refinerycrudeoil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 Motiva Enterprises’ Port Arthur, Texas, plant became the largest single refinery by capacity at 640,500 bpd, passing Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, according to [Read more]
Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crudeoil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources.
Saudi Arabias crudeoil flows to China are expected to stay at a one-year high of about 48 million barrels in Juneroughly the same volume arriving in China from the worlds top crude exporter this month, trade sources told Reuters on Tuesday. Sinochem and private refiners, including
Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crudeoil imports in the coming months.
Crudeoil 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
(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. Permian oilfield and strong export demand for WTI Midland crude widened price differentials.
(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crudeoil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crudeoil production in Alaska peaked at 2.0
The price of WTI crudeoil back below $60 reflects much fear plus news that OPEC+ will increase production. While price expectations are extra depressed, crudeoil inventory at Cushing (where futures contracts are delivered) is down extra low. Oil bearishness is helped by the increase in total U.S.
Saudi Arabia’s crudeoil exports in April rose to 6.166 million barrels per day (bpd) from 5.754 million bpd in March, official data showed on Monday. The world’s largest oil exporter’s crude output for April was at 9.005 million bpd, up from 8.957 million bpd in March.
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
billion was recorded for the Benicia and Wilmington refineries, and is expected to be treated as a special item and excluded from first quarter 2025 adjusted earnings. Valero owns 15 petroleum refineries located in the U.S., million barrels per day. Canada, the United Kingdom (U.K.), Ireland and Latin America.
Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer- oil and gas 360 The drop in the price of crudeoil, from its Winter high to a Spring-Time low exaggerated by Tariff Fear has us conclude the drop has bottomed. crudeoil inventory.
crudeoil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels to 440.4
(Oil Price) –Crudeoil prices started the week with a jump following U.S. At the time of writing, Brent crude was trading at $71.10 per barrel, with West Texas Intermediate at $67.70 If crudeoil gets much above $68.50, I think that could really start to trigger some short covering in the market.
crudeoil 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
refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. However, this scheduled downtime temporarily reduces refinery utilization and the ability to capture revenue from margins, often impacting quarterly performance.
The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oilrefineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day (mmbbl/d) increasing from 500,000 b/d, Reuters reported.
Saudi Arabia’s crude exports in February rose to 6.547 million barrels per day (bpd) from 6.073 million bpd in January, official data showed on Tuesday. The world’s largest oil exporter’s crude output for February was at 8.947 million bpd, up from 8.917 mln bpd in January.
Mexico has seen its total oil exports drop off in recent years due to Pemex struggling with the worst decline in production in decades. Still, Mexico exported more than 600,000 barrels per day (bpd) on average to the United States in 2024, according to data from the U.S. There’s demand for heavy crude and Pemex crude, they added.
Further upping the stakes, crudeoil production in the region has declined faster than downstream consumption, so it has had to increasingly rely on imported barrels to support its dwindling refinery throughput.
Carina Voyager was bound for Chevrons Pascagoula refinery in Mississippi, while Dubai Attraction was scheduled to transfer its cargo to a Valero Energy-chartered vessel off Aruba, according to the data and sources. A third vessel, the Pegasus Star, was suspended a window to load this week, the sources added.
Crudeoil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.
That limits the need for refinery capacity, which matches the regions average annual consumption and is only outstripped in the summer months. In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crudeoil supply and demand.
Based on the well tests carried out prior to March 2025, the well is currently proven to be capable of producing 1,200 bpd, which is transported by truck to the Danube Refinery in Szzhalombatta. Over the next five years, the company plans to invest approximately HUF 150 billion in oil and natural gas production in Hungary.
His five-year tenure coincided with a dramatic downturn in production, with Nigerias output of almost 2 million barrels per day dropping to almost half that amount as oil majors exited onshore wells plagued by persistent security issues.
In 2020-2021, global commodity traders Trafigura, Vitol and Mercantile joined Vostok oil, Rosnefts flagship project that is expected to produce up to 2 million barrels per day (bpd) by 2030, but left it after February 2022. In November 2024, BP CEO Murray Auchinclos said the company continued to try to sell its stake in Rosneft.
An extension of the current strikes at Frances Le Havre port has cut off crudeoil deliveries to ExxonMobils nearby Port Jerome refinery, according to the CGT trade union. TotalEnergies Gonfreville refinery also shut down earlier in the weeka refinery producing 246,90 barrels per day.
Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. crudeoil inventories grew by 545,000 barrels last week to reach 430.3
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