OilPrice

JUNE 10, 2025

million barrels per day (bpd) in Q2 2025 to around 13.3 Energy Information Administration’s bombshell June Short-Term Energy Outlook, signaling to an already price-weary industry that shale’s best days are in the rearview. Peak shale may already be behind us. crude oil production is now forecast to slip from a record 13.5

Crude Oil 359

Crude Oil Barrel Energy Energy 359

OilPrice

JUNE 13, 2025

Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis. million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation.

Gas 326

Gas Condensate Oil Barrel 326

OilPrice

JULY 1, 2025

Energy Information Administration (EIA) cited by Iraqi media outlets Shafaq News and IraqiNews. Shipments totaled nearly 7 million barrels of crude, 6.95 million barrels to be precise. was Nigeria with 6.803 million barrels of crude oil exports, followed by… The second-largest OPEC supplier to the U.S.

Barrel 257

Barrel Crude Oil Oil Energy 257

CNBC: Energy

JUNE 22, 2025

entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. per barrel, while global benchmark Brent was up nearly 2% at $78.53

Barrel 130

Barrel Oil Finance Crude Oil 130

Rigzone

JULY 3, 2025

million barrels on June 27, the EIA's latest weekly petroleum status report showed. million barrels from the week ending June 20 to the week ending June 27, the U.S. million barrels from the week ending June 20 to the week ending June 27, the U.S. million barrels on June 27, 415.1 million barrels on June 20, and 448.5

Crude Oil 104

Crude Oil Barrel Oil Petroleum 104

OilPrice

JUNE 10, 2025

China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 That dwarfed the $170 million of rare earths the…

Barrel 335

Barrel Energy Energy IT 335

OilPrice

JUNE 30, 2025

Equinor, whose Johan Castberg field has recently reached peak production, has struck oil in exploration well Drivis Tubåen, the Norwegian energy major said on Monday. The well was drilled on the Johan Castberg field and the size of the discovery is estimated at 9-15 million barrels of oil, according to preliminary evaluations.

Field 296

Field Exploration Well Oil Exploration and Production 296

OilPrice

JULY 8, 2025

million barrels in the week ending July 4, despite analysts estimating a 2.8-million-barrel million-barrel draw. So far this year, crude oil inventories are up 11 million barrels, according to Oilprice calculations of API data.

Crude Oil 238

Crude Oil American Petroleum Institute API Oil 238

OilPrice

JUNE 25, 2025

million barrels during the week ending June 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. million barrels, roughly 11% below the five-year average for this time of year. Crude oil inventories in the United States fell by 5.8 The drop brings commercial stockpiles to 415.1

American Petroleum Institute 202

American Petroleum Institute API Oil Barrel 202

OilPrice

JULY 2, 2025

million barrels during the week ending June 27, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 419 million barrels, roughly 9% below the five-year average for this time of year. million-barrel…

American Petroleum Institute 230

American Petroleum Institute API Oil Barrel 230

OilPrice

JUNE 24, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again, this time by 4.277 million barrels in the week ending June 20 after analysts had estimated a much more conservative 600,000-barrel draw. The draw adds to last week’s shockingly massive 10.133 million barrel inventory decrease.

Crude Oil 246

Crude Oil American Petroleum Institute API Oil 246

OilPrice

JUNE 18, 2025

The Strait of Hormuz may be one of the most strategically sensitive energy corridors in the world, but the oil market isn’t blinking, yet, with Eni CEO Claudio Descalzi predicting Iran will not be able to afford this option.

Barrel 306

Barrel Oil Energy Energy 306

OilPrice

APRIL 2, 2025

million barrels during the week ending March 28, according to new data from the U.S. Energy Information Administration released on Wednesday. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a build of 6.037 million barrels in U.S.

Crude Oil 216

Crude Oil Barrel American Petroleum Institute Oil 216

OilPrice

JULY 9, 2025

million barrels during the week ending July 4, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426 million barrels, still 8% below the five-year average for this time of year. million-barrel…

API 176

API Crude Oil American Petroleum Institute Barrel 176

Enverus

JUNE 19, 2025

The ongoing conflict between Israel and Iran continues to send shockwaves through global energy markets. Recent strikes on Iranian energy infrastructure by Israel have heightened concerns about supply disruptions and price volatility. Strategic Petroleum Reserve is depleted by 200 million barrels to 2021.

Energy 130

Energy Energy Barrel Supply Chain 130

OilPrice

JUNE 26, 2025

Crude oil deliveries to the strategic petroleum reserve will be delayed by seven months due to maintenance, the Department of Energy has said. million barrels into the SPR in the first five months of this year but since January, only 8.8 million barrels have been pumped into the reserve, Reuters noted in a report on the news.

Maintenance 224

Maintenance Crude Oil Oil Barrel 224

OilPrice

JULY 11, 2025

Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same month last year, the International Energy Agency (IEA) said in its monthly report published on Friday. million barrels per day (bpd) for each of June and May. The Kremlin received $13.57

Oil 234

Oil Crude Oil Petroleum Barrel 234

OilPrice

JUNE 15, 2025

Brent crude futures opened more than 4% higher on Sunday evening, trading above $77 per barrel, as tensions between Iran and Israel erupted into open military conflict targeting critical energy infrastructure. The spike follows an 8% jump on Friday, marking one of the sharpest two-day increases in oil prices in recent years.

Oil 306

Oil Energy Energy Barrel 306

OilPrice

JUNE 5, 2025

Calgary-based Vermilion Energy Inc. The assets in the sale consist of about 5,500 barrels of oil equivalent per day boe/d of production, of which 81% is oil and liquids, as well as 10 million barrels of oil equivalent of proved developed producing reserves, Vermilion Energy said on Thursday.

Energy 262

Energy Energy Barrel Natural Gas 262

BOE Report

JULY 9, 2025

Oil markets are absorbing OPEC+ production increases without building inventories, which means they are thirsty for more oil, United Arab Emirates’ Energy Minister Suhail al-Mazrouei said on Wednesday. OPEC+, which pumps about half of the world’s oil, has been curtailing production for several years to support the market.

Barrel 104

Barrel Oil Energy Energy 104

OilPrice

JULY 1, 2025

Indonesia’s new energy strategy entails attracting oilfield services providers with the latest technology to help the Southeast Asian country revive and increase production from ageing or idle wells. Currently, Indonesia produces about 600,000 barrels per day…

Oil 167

Oil Barrel Operator Energy 167

OilPrice

JUNE 25, 2025

Enbridge is considering raising the crude shipment capacity from Canada to the United States via the pipeline that could boost oil flows by 200,000 barrels per day (bpd). Enbridge and its partner Energy Transfer are gauging potential shippers’ interest in an open season until mid-July…

Pipeline 186

Pipeline Oil Barrel Energy 186

Rigzone

JUNE 27, 2025

million barrels on June 20, the EIA's latest weekly petroleum status report showed. million barrels from the week ending June 13 to the week ending June 20, the U.S. million barrels from the week ending June 13 to the week ending June 20, the U.S. million barrels on June 20, 420.9 million barrels on June 13, and 460.7

Crude Oil 74

Crude Oil Barrel Oil Petroleum 74

OilPrice

MARCH 25, 2025

The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the right business conditions.

IT 254

IT Oil Energy Energy 254

OilPrice

MARCH 10, 2025

shale producers could increase production even if oil prices fell to $50 per barrel as the sector continues to innovate and boost efficiency gains, U.S. Secretary of Energy Chris Wright told the Financial Times. The shale industry can sustain a lower price of oil, according to Wright, a former boss at fracking firm Liberty Energy.

Oil 281

Oil Energy Energy Barrel 281

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 329

American Petroleum Institute API Crude Oil Oil 329

OilPrice

APRIL 29, 2025

Canadian energy producers are focusing more on natural gas as oil prices suffer the combined effects of the U.S. The Western Canadian Select benchmark dived from about $59 per barrel at the start of April to just $50 per barrel now. Yet drillers started turning to natural gas to regain their balance much earlier than April.

Gas 235

Gas Natural Gas Oil Energy 235

OilPrice

MARCH 20, 2025

million barrels daily. The countrys government has a stated ambition to boost that considerably, by some 1 million barrels daily within two years. Last November, Nigerias oil production hit the highest in 2024, at 1.7 But there is a problem it needs to solve first: pipeline sabotage.

Pipeline 292

Pipeline Oil Barrel Government 292

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 325

Crude Oil American Petroleum Institute API Oil 325

Oilholics Synonymous Report

JULY 8, 2025

After the latest OPEC meeting follows the producers' group's seminar - its invitation to the great and the good of the energy world held once every two years in Vienna. That's despite OPEC+'s decision to up production by another half a million plus barrels. To follow The Oilholic on Energy Connects click here.

Barrel 157

Barrel Oil Energy Energy 157

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 314

Crude Oil American Petroleum Institute API Oil 314

OilPrice

JUNE 10, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 370,000 barrels in the week ending June 6 after analysts had estimated a 700,000-barrel build. million barrel inventory decrease in the prior week. The API reported a 3.3

American Petroleum Institute 151

American Petroleum Institute API Crude Oil Oil 151

Rigzone

JULY 8, 2025

Image by Yarphoto via iStock The world’s biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze. of global output of oil products, well below the seasonal average, according to figures from Energy Aspects Ltd. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

Barrel 62

Barrel Refinery Oil Maintenance 62

OilPrice

MAY 1, 2025

Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of its flagship Urals crude close to the $50 per barrel mark. Russia now sees its oil and gas revenues at about $101.7 billion (8.32 Thats lower than the $133.7 billion (10.9

Oil 320

Oil Finance Barrel Energy 320

OilPrice

MARCH 26, 2025

With potential consequences reaching far beyond Iran itself, these moves could reshape geopolitics, disrupt the global economy and send shockwaves through energy markets. million barrels While there is not yet a "maximum pressure" situationwhere Iranian oil exports could drop from 1.5

Energy 238

Energy Energy Barrel Oil 238

CNBC: Energy

JULY 5, 2025

million barrels per day of voluntary production cuts, which are separate from the wider OPEC+ strategy. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts.

Oil 131

Oil Barrel Finance Supply Chain 131

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 346

Oil Crude Oil Barrel IT 346