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Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, is considering the construction of a new refinery with a capacity of between 200,000 barrels per day and 240,000 bpd, a source from the company told Reuters on Thursday.
million barrels from the previous week. At 419 million barrels, U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending July 18, 2025, which was 87 thousand barrels per day less than the previous week’s average. crude oil refinery inputs averaged 16.9 Imports U.S.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 17 million barrels per day during the week ending June 20, 2025, which was 125 thousand barrels per day more than the previous week’s average. Refineries operated at 94.7% of their operable capacity last week.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending June 6, 2025, which was 228 thousand barrels per day more than the previous week’s average. crude oil refinery inputs averaged 17.2 million barrels per day.
million barrels from the previous week. At 426 million barrels, U.S. crude oil refinery inputs averaged 17 million barrels per day during the week ending July 4, 2025, which was 98 thousand barrels per day less than the previous week’s average. Refineries operated at 94.7% of their operable capacity last week.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending July 11, 2025, which was 158 thousand barrels per day less than the previous week’s average. crude oil refinery inputs averaged 16.8 million barrels per day.
million barrels on June 27, the EIA's latest weekly petroleum status report showed. 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 on June 27, 415.1
(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. million barrels per day this year, up 300,000 bpd from the previous forecast.
This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month.
Iraq's Ministry of Oil has started work to expand the Diwaniya Refinery by adding a new 70,000-barrel-per-day (bpd) processing unit, bringing the refinery's total capacity to 90,000 bpd. Planned outputs include Euro 5-grade gasoline, naphtha, kerosene, gasoil, fuel oil, and liquefied petroleum gas (LPG).
Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the expansion of the Najaf [Al-Ashraf] refinery, a strategic project that will increase refining capacity by 70,000 barrels per day. According to the Ministry of Oil, the expansion will raise the refinery's total production to 100,000 barrels per day.
Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil 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.
million barrels for the week ending June 27, an oil and gas report sent to Rigzone by the Macquarie team late Monday revealed. “For this week’s crude balance, from refineries, we model an increase in crude runs (+0.2 million barrels per day),” the Macquarie strategists added in the report.
Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month. Current market conditions suggest oil should be trading in the high $70s to low $80s per barrel based strictly on current OECD crude and product stock levels.
Demand in the country hit 18.995 million barrels per day last year, the report revealed, highlighting that this represented a 0.1 China was shown in the report to be the second biggest oil consumer last year, with 16.373 million barrels per day. Image by Professor25 via iStock The world’s top oil consumer in 2024 was the U.S.,
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA Crude Oil Stocks Drop Week on Week by Andreas Exarheas | Rigzone Staff | Thursday, July 17, 2025 | 10:48 AM EST Crude oil stocks, not including the SPR, stood at 422.2 million barrels on July 11, 426.0 million barrels, U.S.
Image by Yarphoto via iStock The world’s biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze. The pressure on supplies has been driven by refinery closures on both sides of the Atlantic and a slew of recent outages, as well as the impact of production curbs by key OPEC+ producers.
Image by yamonstro via iStock In an oil and gas report sent to Rigzone by the Macquarie team on Tuesday, Macquarie strategists revealed that they are forecasting that U.S. million barrels for the week ending July 4. “For this week’s crude balance, from refineries, we model a minimal reduction in crude runs.
Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Macquarie Strategists See WoW USA Crude Inventory Build by Andreas Exarheas | Rigzone Staff | Wednesday, July 16, 2025 | 5:27 AM EST Macquarie strategists are forecasting that U.S. million barrels for the week ending July 11. million barrels per day).
produced 20.135 million barrels of oil per day in 2024. Saudi Arabia was shown in the report to be second biggest oil producer in the world last year, with 10.856 million barrels per day. Russia was ranked third for oil production in the EI report, with 10.752 million barrels per day. The report showed that the U.S.
million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. The condensate produced is used in refineries, petrochemical plants, or as diluent, and requires stabilization before transport — usually handled at facilities operated by MPLX (Cadiz), Williams (Scio), or Ergon Inc.
million barrels on July 18, the EIA's latest weekly petroleum status report showed. million barrels on July 18, the EIA's latest weekly petroleum status report showed. million barrels from the week ending July 11 to the week ending July 18, the U.S. million barrels on July 18, 422.2 Image by champc via iStock U.S.
Image by Arsgera via iStock In an oil and gas report sent to Rigzone by the Macquarie Group late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. million barrels for the week ending July 18. million barrels per day) and imports down (-0.7 million barrels) and distillate (-0.8
million barrels on June 20, the EIA's latest weekly petroleum status report showed. million barrels on June 20, the EIA's latest weekly petroleum status report showed. million barrels on June 20, the EIA's latest weekly petroleum status report showed. million barrels on June 20, 420.9 million barrels, U.S.
June 30, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. This comes as California gas prices hit $4.61 average, and two announced refinery closures threaten over 17% of the state’s total refining capacity. per barrel, a sharp decrease of $9.41
Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields. percent, SK Group holds 7.2
Brent Crude $69.28 -0.35% Natural Gas $3.57 +0.65% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS WTI Flat as EU Targets Russian Refined Fuels by Bloomberg | Catherine Cartier, Mia Gindis | Friday, July 18, 2025 | 4:08 PM EST Oil ended flat as EU sanctions on Russian crude and refined fuels stirred uncertainty in the diesel market.
and European refineries. PDVSA’s crude oil and fuel exports averaged 805,500 barrels per day (bpd) last year, according to preliminary data from its 2024 financial and operational results. The licenses to U.S. In late May, however, Washington revoked those licenses to take Venezuelan crude bound for U.S.
(Oil Price) – Saudi Arabia’s crude exports soared by 412,000 barrels per day (bpd) in April from March, the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Domestic refinery intake slumped in April from March, which also freed more barrels for exports. million bpd.
oil and gas company. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. Today, Occidental’s transformation is undeniable: Domestic oil production grew from 650,000 barrels per day (bpd) in 2015 to over 1.4 84% of Occidental’s output is now from U.S.
Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025.
Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Canteen Workers at Exxon Refinery Due to Strike by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 5:55 AM EST 'Fawley workers will be famished when the oil refinery's canteen staff strike over poverty pay', UK union Unite said.
Valero refineries processed 2.92 million barrels per day (MMbpd) in the April-June quarter, down from 3.01 Refining margin per barrel of throughput averaged $12.35, up from $11.14 MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Image by Aziz Shamuratov via iStock Valero Energy Corp.
million barrels per day capacity , the pipeline was developed through a joint venture to meet growing demand for safe, efficient, and high-volume takeaway from West Texas. Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Spanning over 640 miles with a 1.5
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. (Oil Price) – The U.S.
Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS UK Joins EU in Lowering Price Cap on Russian Oil by Bloomberg | A. Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS UK Joins EU in Lowering Price Cap on Russian Oil by Bloomberg | A.
The VLCC Nissos Keros loaded about 2 million barrels of ultra-low sulfur diesel from Saudi Arabia’s Jubail terminal and is currently signaling France where it’s due to arrive Aug. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! 30, according to Kpler and ship-tracking data compiled by Bloomberg.
“Notwithstanding the around 1 million-barrel-a-day increase in production quotas between March and June, an actual increase in production is hard to detect,” analysts including Martijn Rats said in a June 9 note. million barrels a day this year, outpacing global demand growth of about 800,000 barrels a day.
per barrel. The international benchmark, Brent Crude , was trading higher by 1.19%, and returned above the $70 a barrel mark, at $70.39. Near-term fundamentals appear supportive, with OPEC+ adding fewer barrels than the headline figures suggest and demand holding up during the peak summer travel season.
(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. Global refinery crude intake posted a sharp increase of 2.1
a barrel at 1328 GMT, while U.S. During the 12-day war that started after Israel targeted Iran’s nuclear facilities on June 13, Brent prices rose briefly to above $80 a barrel before slumping to $67 a barrel after U.S. Brent crude futures were up 42 cents, or 0.6%, to $68.15 It bought more than 1.8
Benchmark oil prices are currently near $70 a barrel, down from a 2025 high of $82 in mid-January, but above the four-year low of $62 set in May. million barrels per day of production between April and September. President Donald Trump’s trade policies and rising OPEC+ production quotas. The group is set to add 2.5
Image by Chaloemphan via iStock Russia’s oil product exports dropped in June to the lowest in eight months amid extended work at refineries supplying Baltic ports, coupled with efforts to stabilize domestic fuel supplies before the upcoming seasonal surge in agricultural and holiday consumption.
Image by Andrii Dodonov via iStock In a statement sent to Rigzone on Friday, UK union Unite announced that workers employed by the Compass Group at ExxonMobil’s Fawley oil refinery who were due to take strike action this weekend have suspended their industrial action.
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