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Energy Market Assessment: Headlines continuing to paint a bearish oil & natural gas picture during the month of May

Oil & Gas 360º

The main headline from Wednesday mornings release of the Department of Energys (DOEs) Weekly Petroleum Status Report was that U.S. million barrels (mmb) last week to 443.2 Crude oil inventory at Cushing Oklahoma down at a multi-year low is joined by inventory of the major petroleum products down at a multi-year low.

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Energy Market Assessment: Supply expectations high and demand expectations low

Oil & Gas 360º

The Organization of Petroleum Exporting Countries (OPEC), + other world exporters announcing Monday, that production limits will be increased 411,000 barrels per day in June deflated the spot market price of West Texas Intermediate (WTI) crude oil back below $60 per barrel (Figure 1, red line). million barrels (mmb) to 443.1

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Valero announces notice to the California Energy Commission regarding its Benicia, California, refinery

Oil & Gas 360º

About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Valero owns 15 petroleum refineries located in the U.S.,

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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

million barrels, according to Finance Minister Ken Ofori-Atta. Addressing Parliament while presenting the 2024 budget and economic policy, the finance minister detailed that the Greater Jubilee field contributed 21.94 million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46

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IEW 2025 Days III & IV: India's quest for a gas economy

Oilholics Synonymous Report

In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. And here are yours truly's thoughts via Forbes , based on conversations here, on climate finance and the trillions required if the world is to meet its net zero emissions targets. mmtpa from 2026 for 14 years.

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Dana Gas Increases Investment in Kurdistan Fields

Iraq Business News: Oil & Gas

Progress on the US$1 billion expansion project, which includes US$250 million in financing from the US Development Finance Corporation (DFC), has advanced in recent months through fast-track simultaneous project construction and commissioning activities, enabling the company to cut the overall project schedule by several months.

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What analysts say it will take for the Israel-Iran conflict to rattle the markets

CNBC: Energy

" Allen pointed out that while Brent crude prices jumped around 7% on Friday to roughly $74 a barrel, the international oil benchmark is still below its 2024 average of roughly $80. Extended disruption to shipping in the Strait of Hormuz could result in oil prices spiking above $100 a barrel, Goldman Sachs estimated on Friday.

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